Oakridge International (ASX:OAK) Days Inventory : 268.88 (As of Jun. 2024)

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What is Oakridge International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Oakridge International's Average Total Inventories for the six months ended in Jun. 2024 was A$0.33 Mil. Oakridge International's Cost of Goods Sold for the six months ended in Jun. 2024 was A$0.23 Mil. Hence, Oakridge International's Days Inventory for the six months ended in Jun. 2024 was 268.88.

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

ASX:OAK' s Days Inventory Range Over the Past 10 Years
Min: 88.62 Med: 206.32 Max: 896.31
Current: 404.58

During the past 13 years, Oakridge International's highest Days Inventory was 896.31. The lowest was 88.62. And the median was 206.32.

ASX:OAK's Days Inventory is ranked worse than
97.71% of 480 companies
in the Healthcare Providers & Services industry
Industry Median: 32.03 vs ASX:OAK: 404.58

Oakridge International's Days Inventory increased from Jun. 2023 (244.61) to Jun. 2024 (268.88). It might indicate that Oakridge International's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oakridge International's Inventory Turnover for the six months ended in Jun. 2024 was 0.68.

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. Oakridge International's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.71.

Oakridge International Days Inventory Historical Data

The historical data trend for Oakridge International'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.

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Oakridge International Days Inventory Chart

Oakridge International Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Inventory

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896.31

183.95

128.24

240.13

409.39

Oakridge International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															162.82	160.26	244.61	680.54	268.88

Competitive Comparison of Oakridge International's Days Inventory

For the Health Information Services subindustry, Oakridge International'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.

Oakridge International's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Oakridge International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Oakridge International's Days Inventory falls into.

Oakridge International Days Inventory Calculation

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

Oakridge International's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as

	Days Inventory (A: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (0.441	+	0.306)	/	2 )	/	0.333	*	365
=	0.3735					/	0.333	*	365
=	409.39

Oakridge International's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.357	+	0.306)	/	2 )	/	0.225	*	365 / 2
=	0.3315					/	0.225	*	365 / 2
=	268.88

Oakridge International (ASX:OAK) 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.

Oakridge International's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.225	/	0.3315
	=	0.68

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.

Oakridge International's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.3315	/	0.47
	=	0.71

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.

Oakridge International Days Inventory Related Terms

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

Oakridge International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Oakridge International Ltd (ASX:OAK) » Definitions » Days Inventory

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Traded in Other Exchanges

U9O0:Germany

Address

89 Pirie Street, Suite 3, Level 3, Adelaide, SA, AUS, 5000

Website

https://www.oakridgeint.com

Oakridge International Ltd is an Australian ax (IoT) technology business. It has developed revolutionary technology that allows anyone using their smartphone to connect and control electronic devices, embedded with ADRC (Auto Discovery Remote Control). It serves consumers, manufacturers, retailers, and data centers, as well as the healthcare sector. The company has four operating segments: Technology development, Healthcare technology, Geothermal projects, and Corporate. Geographically, it operates within Australia.