Icelandiclmon AS (OSL:ISLAX) Days Inventory : 205.35 (As of Dec. 2023)

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What is Icelandiclmon AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Icelandiclmon AS's Average Total Inventories for the six months ended in Dec. 2023 was kr889 Mil. Icelandiclmon AS's Cost of Goods Sold for the six months ended in Dec. 2023 was kr790 Mil. Hence, Icelandiclmon AS's Days Inventory for the six months ended in Dec. 2023 was 205.35.

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

OSL:ISLAX' s Days Inventory Range Over the Past 10 Years
Min: 268.89 Med: 437.93 Max: 752.66
Current: 278.16

During the past 7 years, Icelandiclmon AS's highest Days Inventory was 752.66. The lowest was 268.89. And the median was 437.93.

OSL:ISLAX's Days Inventory is ranked worse than
91.99% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.33 vs OSL:ISLAX: 278.16

Icelandiclmon AS's Days Inventory declined from Dec. 2022 (277.83) to Dec. 2023 (205.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. Icelandiclmon AS's Inventory Turnover for the six months ended in Dec. 2023 was 0.89.

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. Icelandiclmon AS's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.83.

Icelandiclmon AS Days Inventory Historical Data

The historical data trend for Icelandiclmon 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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Icelandiclmon AS Days Inventory Chart

Icelandiclmon AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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449.17

609.80

426.68

357.27

268.89

Icelandiclmon AS Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial						314.08	518.40	277.83	439.67	205.35

Competitive Comparison of Icelandiclmon AS's Days Inventory

For the Farm Products subindustry, Icelandiclmon 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.

Icelandiclmon AS's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Icelandiclmon AS's Days Inventory distribution charts can be found below:

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

Icelandiclmon AS Days Inventory Calculation

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

Icelandiclmon 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
=	( (933.471	+	804.78)	/	2 )	/	1179.784	*	365
=	869.1255					/	1179.784	*	365
=	268.89

Icelandiclmon AS's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (973.992	+	804.78)	/	2 )	/	790.434	*	365 / 2
=	889.386					/	790.434	*	365 / 2
=	205.35

Icelandiclmon AS (OSL:ISLAX) 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.

Icelandiclmon AS's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	790.434	/	889.386
	=	0.89

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.

Icelandiclmon AS's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	889.386	/	1072.576
	=	0.83

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.

Icelandiclmon AS Days Inventory Related Terms

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

Icelandiclmon AS (OSL:ISLAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Icelandic Salmon AS (OSL:ISLAX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ISLAX:Iceland

Address

Industriveien 51, Kverva, NOR, 7266

Website

https://www.arnarlax.is

Icelandic Salmon AS is an aquaculture company in Iceland. It is engaged in the production, processing, and sale of high-quality Icelandic salmon. Geographically, it derives a majority of revenue from Europe excluding Norway.

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