The historical rank and industry rank for Hofseth BioCare ASA's Days Inventory or its related term are showing as below:
OSL:HBC'
s Days Inventory Range Over the Past 10 Years
Min: 107.81 Med: 262.73 Max: 959.6
Current: 169.89
During the past 13 years, Hofseth BioCare ASA's highest Days Inventory was 959.60. The lowest was 107.81. And the median was 262.73.
OSL:HBC's Days Inventory is ranked better than 53.97% of 643
companies
in the Biotechnology industry
Industry Median: 184.2
vs OSL:HBC: 169.89
Hofseth BioCare ASA's Days Inventory
declined
from Sep. 2023 (293.90) to Sep. 2024 (126.37).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hofseth BioCare ASA's Inventory Turnover for the
three
months ended in Sep. 2024 was 0.72.
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.
Hofseth BioCare ASA's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 1.00.
Hofseth BioCare ASA Days Inventory Historical Data
The historical data trend for Hofseth BioCare ASA'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.
Competitive Comparison of Hofseth BioCare ASA's Days Inventory
For the Biotechnology subindustry, Hofseth BioCare ASA'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.
Hofseth BioCare ASA's Days Inventory Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Hofseth BioCare ASA's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hofseth BioCare ASA's Days Inventory falls into.
Hofseth BioCare ASA Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hofseth BioCare ASA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Hofseth BioCare ASA (OSL:HBC) 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.
Hofseth BioCare ASA's Inventory Turnover for the
three
months ended in Sep. 2024 is calculated as
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.
Hofseth BioCare ASA's Inventory to Revenue for the
three
months ended in Sep. 2024 is calculated as
* 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.
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.
Hofseth BioCare ASA Days Inventory Related Terms
Thank you for viewing the detailed overview of Hofseth BioCare ASA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Hofseth BioCare ASA is a Norway based company engaged in the business of development, manufacturing, marketing and sale of marine ingredients such as oil, calcium and protein products. It is also involved in cooperation, participation, and ownership in the businesses engaged in related activities. The group operates in the business segment of producing salmon oil, soluble protein, calcium, and nonwater soluble protein. The brands under the company are OmeGo, PetGo, ProGo, and CalGo. The firm sells products to various segments of the human nutrition market such as sports nutrition, supplements, and health foods, as well as to the market within nutrition to pet and feed industry. It generates the majority of the revenue from the sale of salmon oil.
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