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Matvareexpressen AS (OSL:MVE) Days Inventory : 18.42 (As of Sep. 2024)


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What is Matvareexpressen AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Matvareexpressen AS's Average Total Inventories for the three months ended in Sep. 2024 was kr13.0 Mil. Matvareexpressen AS's Cost of Goods Sold for the three months ended in Sep. 2024 was kr64.4 Mil. Hence, Matvareexpressen AS's Days Inventory for the three months ended in Sep. 2024 was 18.42.

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

OSL:MVE' s Days Inventory Range Over the Past 10 Years
Min: 14.51   Med: 14.95   Max: 19.71
Current: 16.5

During the past 3 years, Matvareexpressen AS's highest Days Inventory was 19.71. The lowest was 14.51. And the median was 14.95.

OSL:MVE's Days Inventory is ranked better than
92.39% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 106.27 vs OSL:MVE: 16.50

Matvareexpressen AS's Days Inventory increased from Sep. 2023 (17.62) to Sep. 2024 (18.42). It might indicate that Matvareexpressen AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Matvareexpressen AS's Inventory Turnover for the three months ended in Sep. 2024 was 4.95.

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. Matvareexpressen AS's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.14.


Matvareexpressen AS Days Inventory Historical Data

The historical data trend for Matvareexpressen AS'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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Matvareexpressen AS Days Inventory Chart

Matvareexpressen AS Annual Data
Trend Dec21 Dec22 Dec23
Days Inventory
19.71 14.51 14.95

Matvareexpressen AS Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.62 14.98 16.08 15.62 18.42

Competitive Comparison of Matvareexpressen AS's Days Inventory

For the Internet Retail subindustry, Matvareexpressen AS'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.


Matvareexpressen AS's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Matvareexpressen AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Matvareexpressen AS's Days Inventory falls into.


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Matvareexpressen AS Days Inventory Calculation

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

Matvareexpressen AS'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
=( (8.107 + 10.906) / 2 ) / 232.117*365
=9.5065 / 232.117*365
=14.95

Matvareexpressen AS's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (11.046 + 14.942) / 2 ) / 64.381*365 / 4
=12.994 / 64.381*365 / 4
=18.42

* 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.


Matvareexpressen AS  (OSL:MVE) 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.

Matvareexpressen AS'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.

Matvareexpressen AS'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.


Matvareexpressen AS Days Inventory Related Terms

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


Matvareexpressen AS Business Description

Traded in Other Exchanges
N/A
Address
Spannavegen 152, Haugesund, NOR, 5535
Matvareexpressen AS is a leading technology enterprise within the online grocery industry. It has positioned itself as a comprehensive supplier, offering a wide range of groceries and food delivery services. It is a one-stop shop for kindergartens, schools, nursery homes, canteens and similar professional buyers.

Matvareexpressen AS Headlines

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