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Okea ASA (OSL:OKEA) Total Inventories : kr832 Mil (As of Mar. 2024)


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What is Okea ASA Total Inventories?

Okea ASA's total inventories for the quarter that ended in Mar. 2024 was kr832 Mil. Okea ASA's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was kr848 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Okea ASA's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was kr-147.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Okea ASA's Days Inventory for the three months ended in Mar. 2024 was 38.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Okea ASA's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.36.

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. Okea ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.25.


Okea ASA Total Inventories Historical Data

The historical data trend for Okea 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.

* Premium members only.

Okea ASA Total Inventories Chart

Okea ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only 142.29 228.79 253.32 800.33 864.25

Okea ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 472.79 714.19 604.05 864.25 831.96

Okea 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.


Okea ASA  (OSL:OKEA) 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.

Okea ASA's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2035.023+0.75 * 239.713+0.5 * 831.958-17923.213
-0-0)/103.91
=-147.17

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

Okea ASA's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=848.103/2001.821*365 / 4
=38.66

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

Okea ASA's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=2001.821 / 848.103
=2.36

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.

Okea ASA's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=848.103 / 3420.662
=0.25

* 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

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.


Okea ASA Total Inventories Related Terms

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Okea ASA (OSL:OKEA) Business Description

Industry
Traded in Other Exchanges
Address
Kongens Gate 8, Trondheim, NOR, 7011
Okea ASA is an independent oil producer. The company's only reportable segment is the development and production of oil and gas on the Norwegian Continental Shelf. Its operation includes Draugen Field, Gjoa Field, Ivar Aasen, Grevling and Yme.

Okea ASA (OSL:OKEA) Headlines

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