Days Inventory is also known as Days Sales of Inventory (DSI). Orsted A/S's Average Total Inventories for the
three
months ended in Mar. 2024 was kr11,711 Mil. Orsted A/S's Cost of Goods Sold for the
three
months ended in Mar. 2024 was kr9,409 Mil.
Hence, Orsted A/S's Days Inventory for the
three
months ended in Mar. 2024 was 113.58.
The historical rank and industry rank for Orsted A/S's Days Inventory or its related term are showing as below:
OCSE:ORSTED'
s Days Inventory Range Over the Past 10 Years
Min: 23.03 Med: 64.7 Max: 203.64
Current: 120.44
During the past 11 years, Orsted A/S's highest Days Inventory was 203.64. The lowest was 23.03. And the median was 64.70.
OCSE:ORSTED's Days Inventory is ranked worse than 81.9% of 326
companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.02
vs OCSE:ORSTED: 120.44
Orsted A/S's Days Inventory
increased
from Mar. 2023 (74.18) to Mar. 2024 (113.58).
It might indicate that Orsted A/S's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Orsted A/S's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.80.
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.
Orsted A/S's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.75.
Orsted A/S Days Inventory Historical Data
The historical data trend for Orsted A/S'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.
Competitive Comparison of Orsted A/S's Days Inventory
For the Utilities - Renewable subindustry, Orsted A/S'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.
Orsted A/S's Days Inventory Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Orsted A/S's Days Inventory distribution charts can be found below:
* The bar in red indicates where Orsted A/S's Days Inventory falls into.
Orsted A/S Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Orsted A/S's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Orsted A/S (OCSE:ORSTED) 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.
Orsted A/S's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
Orsted A/S's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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
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.
Orsted A/S Days Inventory Related Terms
Thank you for viewing the detailed overview of Orsted A/S's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 8.9 gigawatts of offshore wind farms at the end of 2022. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the U.S. Orsted also operates 4.2 GW of onshore wind and solar assets concentrated in the United States. The company is also involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.
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