Oman Packaging CoOG (MUS:OPCI) Days Inventory : 90.55 (As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Oman Packaging CoOG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Oman Packaging CoOG's Average Total Inventories for the three months ended in Mar. 2024 was ر.ع2.12 Mil. Oman Packaging CoOG's Cost of Goods Sold for the three months ended in Mar. 2024 was ر.ع2.14 Mil. Hence, Oman Packaging CoOG's Days Inventory for the three months ended in Mar. 2024 was 90.55.

The historical rank and industry rank for Oman Packaging CoOG's Days Inventory or its related term are showing as below:

MUS:OPCI' s Days Inventory Range Over the Past 10 Years
Min: 68.89 Med: 77.04 Max: 94.98
Current: 94.65

During the past 13 years, Oman Packaging CoOG's highest Days Inventory was 94.98. The lowest was 68.89. And the median was 77.04.

MUS:OPCI's Days Inventory is ranked worse than
61.98% of 363 companies
in the Packaging & Containers industry
Industry Median: 77.6 vs MUS:OPCI: 94.65

Oman Packaging CoOG's Days Inventory increased from Mar. 2023 (76.64) to Mar. 2024 (90.55). It might indicate that Oman Packaging CoOG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oman Packaging CoOG's Inventory Turnover for the three months ended in Mar. 2024 was 1.01.

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. Oman Packaging CoOG's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.80.

Oman Packaging CoOG Days Inventory Historical Data

The historical data trend for Oman Packaging CoOG'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.

Oman Packaging CoOG Days Inventory Chart

Oman Packaging CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

73.16

76.36

77.71

71.26

94.98

Oman Packaging CoOG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															76.64	92.68	101.12	100.20	90.55

Competitive Comparison of Oman Packaging CoOG's Days Inventory

For the Packaging & Containers subindustry, Oman Packaging CoOG'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.

Oman Packaging CoOG's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Oman Packaging CoOG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Oman Packaging CoOG's Days Inventory falls into.

Oman Packaging CoOG Days Inventory Calculation

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

Oman Packaging CoOG'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
=	( (2.375	+	2.254)	/	2 )	/	8.894	*	365
=	2.3145					/	8.894	*	365
=	94.98

Oman Packaging CoOG's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2.254	+	1.989)	/	2 )	/	2.138	*	365 / 4
=	2.1215					/	2.138	*	365 / 4
=	90.55

Oman Packaging CoOG (MUS:OPCI) 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.

Oman Packaging CoOG's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.138	/	2.1215
	=	1.01

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.

Oman Packaging CoOG's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.1215	/	2.649
	=	0.80

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.

Oman Packaging CoOG Days Inventory Related Terms

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

Oman Packaging CoOG (MUS:OPCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Oman Packaging Co SAOG (MUS:OPCI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rusayl Industrial Estate, P.O.Box.99, Sultanate of Oman, Muscat, OMN, 124

Website

https://www.omanipackaging.com

Oman Packaging Co SAOG is engaged in the manufacturing and selling of various types of paper packaging materials. Its product range includes corrugated boxes and a variety of cartons including regular slotted carton, die-cut wrap-around, telescopic top and bottom, single face corrugated rolls for cushioning and protection, and wax-lined cartons for frozen products. The company offers its products to industrial, agriculture and household sector. It sells the products in Oman and also exports to the Gulf Cooperation Council and Asian countries, of which the majority of the revenue is generated from sales made in Oman.

Oman Packaging CoOG (MUS:OPCI) Headlines

No Headlines