Piippo Oyj (OHEL:PIIPPO) Days Inventory : 3,559.68 (As of Jun. 2021)

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What is Piippo Oyj Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Piippo Oyj's Average Total Inventories for the six months ended in Jun. 2021 was €5.73 Mil. Piippo Oyj's Cost of Goods Sold for the six months ended in Jun. 2021 was €0.29 Mil. Hence, Piippo Oyj's Days Inventory for the six months ended in Jun. 2021 was 3,559.68.

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

OHEL:PIIPPO's Days Inventory is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 81.39
* Ranked among companies with meaningful Days Inventory only.

Piippo Oyj's Days Inventory increased from Jun. 2020 (786.86) to Jun. 2021 (3,559.68). It might indicate that Piippo Oyj's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Piippo Oyj's Inventory Turnover for the six months ended in Jun. 2021 was 0.05.

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. Piippo Oyj's Inventory-to-Revenue for the six months ended in Jun. 2021 was 0.50.

Piippo Oyj Days Inventory Historical Data

The historical data trend for Piippo Oyj'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.

Piippo Oyj Days Inventory Chart

Piippo Oyj Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Sep22

Days Inventory

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208.73

165.20

173.35

187.14

187.27

Piippo Oyj Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep22
Days Inventory	Get a 7-Day Free Trial											96.25	786.86	96.49	3,559.68	-

Competitive Comparison of Piippo Oyj's Days Inventory

For the Auto Parts subindustry, Piippo Oyj'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.

Piippo Oyj's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Piippo Oyj's Days Inventory distribution charts can be found below:

* The bar in red indicates where Piippo Oyj's Days Inventory falls into.

Piippo Oyj Days Inventory Calculation

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

Piippo Oyj's Days Inventory for the fiscal year that ended in Sep. 2022 is calculated as

	Days Inventory (A: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2022 )	*	Days in Period
=	( (5.128	+	8.883)	/	2 )	/	13.654	*	365
=	7.0055					/	13.654	*	365
=	187.27

Piippo Oyj's Days Inventory for the quarter that ended in Jun. 2021 is calculated as:

	Days Inventory (Q: Jun. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
=	( (5.128	+	6.341)	/	2 )	/	0.294	*	365 / 2
=	5.7345					/	0.294	*	365 / 2
=	3,559.68

Piippo Oyj (OHEL:PIIPPO) 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.

Piippo Oyj's Inventory Turnover for the six months ended in Jun. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.294	/	5.7345
	=	0.05

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.

Piippo Oyj's Inventory to Revenue for the six months ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.7345	/	11.359
	=	0.50

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.

Piippo Oyj Days Inventory Related Terms

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

Piippo Oyj (OHEL:PIIPPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Piippo Oyj (OHEL:PIIPPO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sysmajarventie 3, Outokumpu, FIN, 83500

Website

http://www.piippo.fi

Piippo Oyj operates in the agricultural twines, net wraps, synthetic ropes and yarns, cables and wires, among others.

Piippo Oyj (OHEL:PIIPPO) Headlines

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