Mowi ASA (OSL:MOWI) Days Inventory : 398.57 (As of Dec. 2023)

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What is Mowi ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mowi ASA's Average Total Inventories for the three months ended in Dec. 2023 was kr30,989 Mil. Mowi ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr7,095 Mil. Hence, Mowi ASA's Days Inventory for the three months ended in Dec. 2023 was 398.57.

The historical rank and industry rank for Mowi ASA's Days Inventory or its related term are showing as below:

OSL:MOWI' s Days Inventory Range Over the Past 10 Years
Min: 282.85 Med: 335.01 Max: 465.1
Current: 346.65

During the past 13 years, Mowi ASA's highest Days Inventory was 465.10. The lowest was 282.85. And the median was 335.01.

OSL:MOWI's Days Inventory is ranked worse than
94.62% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.22 vs OSL:MOWI: 346.65

Mowi ASA's Days Inventory increased from Dec. 2022 (352.97) to Dec. 2023 (398.57). It might indicate that Mowi ASA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mowi ASA's Inventory Turnover for the three months ended in Dec. 2023 was 0.23.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Mowi ASA's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.93.

Mowi ASA Days Inventory Historical Data

The historical data trend for Mowi ASA's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mowi ASA Days Inventory Chart

Mowi ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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315.54

301.46

329.56

367.78

340.45

Mowi ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															352.97	377.31	301.86	331.19	398.57

Competitive Comparison of Mowi ASA's Days Inventory

For the Farm Products subindustry, Mowi ASA's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mowi ASA's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mowi ASA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mowi ASA's Days Inventory falls into.

Mowi ASA Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Mowi ASA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (26337.165	+	31621.74)	/	2 )	/	31069.536	*	365
=	28979.4525					/	31069.536	*	365
=	340.45

Mowi ASA's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (30356.509	+	31621.74)	/	2 )	/	7094.673	*	365 / 4
=	30989.1245					/	7094.673	*	365 / 4
=	398.57

Mowi ASA (OSL:MOWI) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Mowi ASA's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7094.673	/	30989.1245
	=	0.23

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Mowi ASA's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30989.1245	/	16094.45
	=	1.93

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Mowi ASA Days Inventory Related Terms

Thank you for viewing the detailed overview of Mowi ASA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Mowi ASA (OSL:MOWI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mowi ASA (OSL:MOWI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MNHVF:USA MHGVY:USA MOWI:Sweden MOWIo:UK 0OAW:UK PNDA:Germany PNDA:Germany PND:Germany PND:Germany

Address

Sandviksboder 77A/B, Bergen, NOR, 5035

Website

https://www.mowi.com

Mowi ASA is a Norway based producer of farmed salmon. It distributes salmon and other processed seafood globally. The company focuses on producing high-quality fish by producing its fish eggs and nurturing the fish in the early stages of their life. The fish are processed and sold once each specimen reaches harvestable weight. Additionally, it owns secondary processor facilities that help transform the fish into ready-to-eat and packaged products.

Mowi ASA (OSL:MOWI) Headlines

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