Ondo InsurTech (LSE:ONDO) Days Inventory : 165.31 (As of Sep. 2023)

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What is Ondo InsurTech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ondo InsurTech's Average Total Inventories for the six months ended in Sep. 2023 was £0.52 Mil. Ondo InsurTech's Cost of Goods Sold for the six months ended in Sep. 2023 was £0.89 Mil. Hence, Ondo InsurTech's Days Inventory for the six months ended in Sep. 2023 was 105.67.

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

LSE:ONDO' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 330.63
Current: 330.63

During the past 0 years, Ondo InsurTech's highest Days Inventory was 330.63. The lowest was 0.00. And the median was 0.00.

LSE:ONDO's Days Inventory is ranked worse than
93.03% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs LSE:ONDO: 330.63

Ondo InsurTech's Days Inventory increased from Feb. 2022 (0.00) to Sep. 2023 (165.31). It might indicate that Ondo InsurTech's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ondo InsurTech's Inventory Turnover for the six months ended in Sep. 2023 was 1.73.

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. Ondo InsurTech's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.44.

Ondo InsurTech Days Inventory Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech Days Inventory Chart

Ondo InsurTech Annual Data

Trend

Days Inventory

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Days Inventory	-	-	80.36	165.31

Competitive Comparison of Ondo InsurTech's Days Inventory

For the Scientific & Technical Instruments subindustry, Ondo InsurTech'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.

Ondo InsurTech's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ondo InsurTech's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ondo InsurTech's Days Inventory falls into.

Ondo InsurTech Days Inventory Calculation

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

Ondo InsurTech's Days Inventory for the fiscal year that ended in . 20 is calculated as

	Days Inventory (A: . 20 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )	/	Cost of Goods Sold (A: . 20 )	*	Days in Period
=	( (	+	)	/	1 )	/		*	365
=	0					/		*	365
=	N/A

Ondo InsurTech's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.225	+	0.808)	/	2 )	/	0.892	*	365 / 2
=	0.5165					/	0.892	*	365 / 2
=	105.67

Ondo InsurTech (LSE:ONDO) 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.

Ondo InsurTech's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.892	/	0.5165
	=	1.73

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.

Ondo InsurTech's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.5165	/	1.186
	=	0.44

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.

Ondo InsurTech Days Inventory Related Terms

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

Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

Ondo InsurTech (LSE:ONDO) Headlines

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