The Okomu Oil Palm Co (NSA:OKMO) Days Inventory : 0.00 (As of Dec. 2023)

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What is The Okomu Oil Palm Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). The Okomu Oil Palm Co's Average Total Inventories for the three months ended in Dec. 2023 was ₦10,188 Mil. The Okomu Oil Palm Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₦-6,527 Mil.

The historical rank and industry rank for The Okomu Oil Palm Co's Days Inventory or its related term are showing as below:

NSA:OKMO' s Days Inventory Range Over the Past 10 Years
Min: 179.48 Med: 529.03 Max: 2187
Current: 289.04

During the past 13 years, The Okomu Oil Palm Co's highest Days Inventory was 2187.00. The lowest was 179.48. And the median was 529.03.

NSA:OKMO's Days Inventory is ranked worse than
91.9% of 1791 companies
in the Consumer Packaged Goods industry
Industry Median: 83.4 vs NSA:OKMO: 289.04

The Okomu Oil Palm Co's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. The Okomu Oil Palm Co's Inventory Turnover for the three months ended in Dec. 2023 was -0.64.

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. The Okomu Oil Palm Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.70.

The Okomu Oil Palm Co Days Inventory Historical Data

The historical data trend for The Okomu Oil Palm Co'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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The Okomu Oil Palm Co Days Inventory Chart

The Okomu Oil Palm Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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607.38

450.68

273.35

179.48

243.34

The Okomu Oil Palm Co 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															-	176.26	152.91	127.93	-

Competitive Comparison of The Okomu Oil Palm Co's Days Inventory

For the Farm Products subindustry, The Okomu Oil Palm Co'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.

The Okomu Oil Palm Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Okomu Oil Palm Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where The Okomu Oil Palm Co's Days Inventory falls into.

The Okomu Oil Palm Co Days Inventory Calculation

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

The Okomu Oil Palm Co'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
=	( (6359.448	+	10212.545)	/	2 )	/	12428.866	*	365
=	8285.9965					/	12428.866	*	365
=	243.34

The Okomu Oil Palm Co'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
=	( (10164.372	+	10212.545)	/	2 )	/	-6527.116	*	365 / 4
=	10188.4585					/	-6527.116	*	365 / 4
=	N/A

The Okomu Oil Palm Co (NSA:OKMO) 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.

The Okomu Oil Palm Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-6527.116	/	10188.4585
	=	-0.64

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.

The Okomu Oil Palm Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10188.4585	/	14460.796
	=	0.70

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.

The Okomu Oil Palm Co Days Inventory Related Terms

Thank you for viewing the detailed overview of The Okomu Oil Palm Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

The Okomu Oil Palm Co (NSA:OKMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Okomu Oil Palm Co PLC (NSA:OKMO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Okomu-Udo, Ovia South West LGA, P.M.B, Benin, NGA, 1449

Website

https://www.okomunigeria.com

The Okomu Oil Palm Co PLC engages in the cultivation of oil palm and rubber in Nigeria. The company has three reportable segments; the Palm Plantation segment, which produces fresh fruit bunches, crude palm oil, and crude palm kernel; the Rubber Plantation segment, which produces latex and rubber cake; and the Palm Processing segment, which renders palm processing from the company's mill processing equipment. The company processes fresh fruit bunches into crude palm oil for resale, and rubber lumps to rubber cake for export. The company generates maximum revenue from Palm oil products and Rubber products.

The Okomu Oil Palm Co (NSA:OKMO) Headlines

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