Observe Medical ASA (OSL:OBSRV) Total Inventories : kr9.56 Mil (As of Jun. 2023)

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What is Observe Medical ASA Total Inventories?

Observe Medical ASA's total inventories for the quarter that ended in Jun. 2023 was kr9.56 Mil. Observe Medical ASA's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Jun. 2023 was kr9.10 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Observe Medical ASA's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was kr-1.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Observe Medical ASA's Days Inventory for the three months ended in Jun. 2023 was 229.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Observe Medical ASA's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.40.

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. Observe Medical ASA's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 1.67.

Observe Medical ASA Total Inventories Historical Data

The historical data trend for Observe Medical ASA's Total Inventories 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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Observe Medical ASA Total Inventories Chart

Observe Medical ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2.50

7.66

7.01

8.12

6.89

Observe Medical ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															10.15	8.12	8.64	9.56	6.89

Observe Medical ASA Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Observe Medical ASA (OSL:OBSRV) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Observe Medical ASA's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.735	+	0.75 * 1.16	+	0.5 * 9.556	-	94.503
-	0	-	0)	/	59.2426
=	-1.47

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

Observe Medical ASA's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	9.0995	/	3.611	*	365 / 4
	=	229.94

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Observe Medical ASA's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	3.611	/	9.0995
	=	0.40

4. 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.

Observe Medical ASA's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	9.0995	/	5.436
	=	1.67

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Observe Medical ASA Total Inventories Related Terms

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Observe Medical ASA (OSL:OBSRV) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Observe Medical ASA (OSL:OBSRV) » Definitions » Total Inventories

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OM5A:Germany

Address

Dronning Eufemias gate 16, Oslo, NOR, 0191

Website

https://www.observemedical.com

Observe Medical ASA through its subsidiaries develops medical technology products that benefit patients and healthcare professionals. It has developed the product Sippi which is an automatic and digital urine meter and the technology Sippcoat which prevents bacterial migration in closed collection systems.

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