Ocean GeoLoop AS (OSL:OCEAN) Days Inventory : 14.95 (As of Dec. 2023)

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What is Ocean GeoLoop AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ocean GeoLoop AS's Average Total Inventories for the six months ended in Dec. 2023 was kr4.9 Mil. Ocean GeoLoop AS's Cost of Goods Sold for the six months ended in Dec. 2023 was kr59.2 Mil. Hence, Ocean GeoLoop AS's Days Inventory for the six months ended in Dec. 2023 was 14.95.

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

OSL:OCEAN' s Days Inventory Range Over the Past 10 Years
Min: 15.21 Med: 15.82 Max: 15.85
Current: 15.21

During the past 5 years, Ocean GeoLoop AS's highest Days Inventory was 15.85. The lowest was 15.21. And the median was 15.82.

OSL:OCEAN's Days Inventory is ranked better than
97.83% of 2905 companies
in the Industrial Products industry
Industry Median: 121.9 vs OSL:OCEAN: 15.21

Ocean GeoLoop AS's Days Inventory increased from Dec. 2022 (8.69) to Dec. 2023 (14.95). It might indicate that Ocean GeoLoop AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ocean GeoLoop AS's Inventory Turnover for the six months ended in Dec. 2023 was 12.21.

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. Ocean GeoLoop AS's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.06.

Ocean GeoLoop AS Days Inventory Historical Data

The historical data trend for Ocean GeoLoop 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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Ocean GeoLoop AS Days Inventory Chart

Ocean GeoLoop AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

15.85

15.78

Ocean GeoLoop AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	9.73	8.69	14.90	14.95

Competitive Comparison of Ocean GeoLoop AS's Days Inventory

For the Pollution & Treatment Controls subindustry, Ocean GeoLoop 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.

Ocean GeoLoop AS's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ocean GeoLoop AS's Days Inventory distribution charts can be found below:

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

Ocean GeoLoop AS Days Inventory Calculation

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

Ocean GeoLoop 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
=	( (4.487	+	5.327)	/	2 )	/	113.5	*	365
=	4.907					/	113.5	*	365
=	15.78

Ocean GeoLoop AS'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.373	+	5.327)	/	2 )	/	59.225	*	365 / 2
=	4.85					/	59.225	*	365 / 2
=	14.95

Ocean GeoLoop AS (OSL:OCEAN) 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.

Ocean GeoLoop AS's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	59.225	/	4.85
	=	12.21

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.

Ocean GeoLoop AS's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.85	/	86.619
	=	0.06

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.

Ocean GeoLoop AS Days Inventory Related Terms

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

Ocean GeoLoop AS (OSL:OCEAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean GeoLoop AS (OSL:OCEAN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Neptunvegen 6, Verdal, NOR, 7652

Website

https://www.oceangeoloop.com

Ocean GeoLoop AS is a green tech company aiming at using nature's own way of solving challenges in a circular way. The company develops, pilots, and commercializes multifunctional environmental technologies, including point source carbon capture.

Ocean GeoLoop AS (OSL:OCEAN) Headlines

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