Ocean Harvest Technology Group (LSE:OHT) Days Inventory : 432.75 (As of Jun. 2024)

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What is Ocean Harvest Technology Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ocean Harvest Technology Group's Average Total Inventories for the six months ended in Jun. 2024 was £1.34 Mil. Ocean Harvest Technology Group's Cost of Goods Sold for the six months ended in Jun. 2024 was £0.56 Mil. Hence, Ocean Harvest Technology Group's Days Inventory for the six months ended in Jun. 2024 was 432.75.

The historical rank and industry rank for Ocean Harvest Technology Group's Days Inventory or its related term are showing as below:

LSE:OHT' s Days Inventory Range Over the Past 10 Years
Min: 109.93 Med: 172.82 Max: 295.66
Current: 295.66

During the past 4 years, Ocean Harvest Technology Group's highest Days Inventory was 295.66. The lowest was 109.93. And the median was 172.82.

LSE:OHT's Days Inventory is ranked worse than
92.74% of 1817 companies
in the Consumer Packaged Goods industry
Industry Median: 82.56 vs LSE:OHT: 295.66

Ocean Harvest Technology Group's Days Inventory increased from Jun. 2023 (127.00) to Jun. 2024 (432.75). It might indicate that Ocean Harvest Technology Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ocean Harvest Technology Group's Inventory Turnover for the six months ended in Jun. 2024 was 0.42.

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. Ocean Harvest Technology Group's Inventory-to-Revenue for the six months ended in Jun. 2024 was 1.66.

Ocean Harvest Technology Group Days Inventory Historical Data

The historical data trend for Ocean Harvest Technology Group'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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Ocean Harvest Technology Group Days Inventory Chart

Ocean Harvest Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

265.53

174.90

109.93

170.73

Ocean Harvest Technology Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial			131.26	93.91	127.00	216.45	432.75

Competitive Comparison of Ocean Harvest Technology Group's Days Inventory

For the Packaged Foods subindustry, Ocean Harvest Technology Group'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.

Ocean Harvest Technology Group's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ocean Harvest Technology Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ocean Harvest Technology Group's Days Inventory falls into.

Ocean Harvest Technology Group Days Inventory Calculation

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

Ocean Harvest Technology Group'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
=	( (0.548	+	1.25)	/	2 )	/	1.922	*	365
=	0.899					/	1.922	*	365
=	170.73

Ocean Harvest Technology Group'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
=	( (1.25	+	1.42)	/	2 )	/	0.563	*	365 / 2
=	1.335					/	0.563	*	365 / 2
=	432.75

Ocean Harvest Technology Group (LSE:OHT) 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.

Ocean Harvest Technology Group's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.563	/	1.335
	=	0.42

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.

Ocean Harvest Technology Group's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.335	/	0.805
	=	1.66

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.

Ocean Harvest Technology Group Days Inventory Related Terms

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

Ocean Harvest Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ocean Harvest Technology Group PLC (LSE:OHT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 London Road, Castle Court, Reigate, GBR, RH2 9RJ

Website

https://www.oceanharvesttechnology.com

Ocean Harvest Technology Group PLC is a commercial-scale producer of seaweed blend ingredients for the animal feed market. It produces seaweed blend ingredients for animal feed under the brand name OceanFeed feed ingredients for multiple species of animals.

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