Volue ASA (OSL:VOLUE) Days Inventory : 47.28 (As of Mar. 2024)

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What is Volue ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Volue ASA's Average Total Inventories for the three months ended in Mar. 2024 was kr32 Mil. Volue ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr61 Mil. Hence, Volue ASA's Days Inventory for the three months ended in Mar. 2024 was 47.28.

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

OSL:VOLUE' s Days Inventory Range Over the Past 10 Years
Min: 11.78 Med: 24.77 Max: 37.74
Current: 12.15

During the past 6 years, Volue ASA's highest Days Inventory was 37.74. The lowest was 11.78. And the median was 24.77.

OSL:VOLUE's Days Inventory is ranked better than
56.91% of 1562 companies
in the Software industry
Industry Median: 18.835 vs OSL:VOLUE: 12.15

Volue ASA's Days Inventory declined from Mar. 2023 (52.36) to Mar. 2024 (47.28).

Inventory Turnover measures how fast the company turns over its inventory within a year. Volue ASA's Inventory Turnover for the three months ended in Mar. 2024 was 1.93.

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. Volue ASA's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.08.

Volue ASA Days Inventory Historical Data

The historical data trend for Volue 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.

* Premium members only.

Volue ASA Days Inventory Chart

Volue ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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28.81

20.72

33.86

11.78

12.52

Volue ASA Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial														52.36	46.69	46.32	3.67	47.28

Competitive Comparison of Volue ASA's Days Inventory

For the Software - Application subindustry, Volue 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.

Volue ASA's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Volue ASA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Volue ASA's Days Inventory falls into.

Volue ASA Days Inventory Calculation

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

Volue ASA'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
=	( (29.488	+	29.871)	/	2 )	/	865.444	*	365
=	29.6795					/	865.444	*	365
=	12.52

Volue ASA's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (29.871	+	33.47)	/	2 )	/	61.126	*	365 / 4
=	31.6705					/	61.126	*	365 / 4
=	47.28

Volue ASA (OSL:VOLUE) 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.

Volue ASA's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	61.126	/	31.6705
	=	1.93

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.

Volue ASA's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	31.6705	/	399.887
	=	0.08

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.

Volue ASA Days Inventory Related Terms

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

Volue ASA (OSL:VOLUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Volue ASA (OSL:VOLUE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

VOLUEo:Sweden 642:Germany

Address

Christian Krohgs gate 16, Postboks 9008, Oslo, NOR, NO-0186

Website

https://www.volue.com

Volue ASA is engaged in investing in its own and managing companies and carrying out its business activities within IT and other software services. The company operates in three segments: Energy, Power Grid, and Infrastructure. The Energy segment delivers solutions that help customers master the energy transition by enabling wall-to-wall digitalization of the green energy value chain. The Power Grid segment enables power distributors to support the electrification of society by unlocking flexibility and digital management of the power grid. Some of its product categories are Water & Community software, Optimization and Trading Software, and Construction Software. The majority of the company's revenue comes from the Energy segment.

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