Argeo AS (OSL:ARGEO) Days Inventory : 0.00 (As of Mar. 2024)

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What is Argeo AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Argeo AS's Average Total Inventories for the three months ended in Mar. 2024 was kr0.0 Mil. Argeo AS's Cost of Goods Sold for the three months ended in Mar. 2024 was kr56.5 Mil. Hence, Argeo AS's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

OSL:ARGEO' s Days Inventory Range Over the Past 10 Years
Min: 93.41 Med: 687.17 Max: 1006.89
Current: 93.41

During the past 6 years, Argeo AS's highest Days Inventory was 1006.89. The lowest was 93.41. And the median was 687.17.

OSL:ARGEO's Days Inventory is ranked worse than
83.22% of 727 companies
in the Oil & Gas industry
Industry Median: 32.36 vs OSL:ARGEO: 93.41

Argeo AS's Days Inventory declined from Mar. 2023 (283.16) to Mar. 2024 (0.00).

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

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. Argeo AS's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Argeo AS Days Inventory Historical Data

The historical data trend for Argeo AS'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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Argeo AS Days Inventory Chart

Argeo AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1,006.89

367.44

Argeo AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial													283.16	-	-	11.17	-

Competitive Comparison of Argeo AS's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Argeo AS'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.

Argeo AS's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Argeo AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Argeo AS's Days Inventory falls into.

Argeo AS Days Inventory Calculation

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

Argeo AS'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
=	( (154.426	+	0)	/	1 )	/	153.399	*	365
=	154.426					/	153.399	*	365
=	367.44

Argeo AS'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
=	( (0	+	0)	/	1 )	/	56.542	*	365 / 4
=	0					/	56.542	*	365 / 4
=	0.00

Argeo AS (OSL:ARGEO) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	56.542	/	0
	=

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	100.465
	=	0.00

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.

Argeo AS Days Inventory Related Terms

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

Argeo AS (OSL:ARGEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Argeo AS (OSL:ARGEO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

8W2:Germany

Address

Nye Vakasvei 14, Hvalstad, Norge, NOR, 1395

Website

https://www.argeo.no

Argeo AS offers the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. This company is equipped with individual sensors and digital imaging technology, these autonomous underwater vehicles increase efficiency and imaging quality, in addition, to contributing to substantially reducing CO2 emissions from operations. The company's digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow water to the deepest oceans for market segments in Infrastructure, Offshore Wind, Oil & Gas, and Deep Sea Minerals.

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