CombinedX AB (OSTO:CX) Days Inventory : 1.34 (As of Mar. 2024)

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What is CombinedX AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CombinedX AB's Average Total Inventories for the three months ended in Mar. 2024 was kr2.6 Mil. CombinedX AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr173.1 Mil. Hence, CombinedX AB's Days Inventory for the three months ended in Mar. 2024 was 1.34.

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

OSTO:CX' s Days Inventory Range Over the Past 10 Years
Min: 0.42 Med: 0.66 Max: 1.75
Current: 1.55

During the past 6 years, CombinedX AB's highest Days Inventory was 1.75. The lowest was 0.42. And the median was 0.66.

OSTO:CX's Days Inventory is ranked better than
83.78% of 1560 companies
in the Software industry
Industry Median: 18.89 vs OSTO:CX: 1.55

CombinedX AB's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (1.34). It might indicate that CombinedX AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. CombinedX AB's Inventory Turnover for the three months ended in Mar. 2024 was 67.88.

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. CombinedX AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.01.

CombinedX AB Days Inventory Historical Data

The historical data trend for CombinedX AB'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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CombinedX AB Days Inventory Chart

CombinedX AB Annual Data

Trend

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.66

0.42

1.75

CombinedX AB Quarterly Data
	Apr18	Apr19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial											-	-	-	1.61	1.34

Competitive Comparison of CombinedX AB's Days Inventory

For the Information Technology Services subindustry, CombinedX AB'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.

CombinedX AB's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where CombinedX AB's Days Inventory falls into.

CombinedX AB Days Inventory Calculation

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

CombinedX AB'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
=	( (0	+	2.8)	/	1 )	/	584.6	*	365
=	2.8					/	584.6	*	365
=	1.75

CombinedX AB'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
=	( (2.8	+	2.3)	/	2 )	/	173.1	*	365 / 4
=	2.55					/	173.1	*	365 / 4
=	1.34

CombinedX AB (OSTO:CX) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	173.1	/	2.55
	=	67.88

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.55	/	224.7
	=	0.01

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.

CombinedX AB Days Inventory Related Terms

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

CombinedX AB (OSTO:CX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CombinedX AB (OSTO:CX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tynasgatan 10, Karlstad, SWE, 652 16

Website

https://www.combinedx.com

CombinedX AB is a family of knowledge companies that help companies and organizations to take advantage of the opportunities of digitalisation. It delivers services through eight wholly-owned specialist companies, each with market-leading technology and business expertise in its niche.