Vow ASA (OSTO:SSHIPO) Days Inventory : 17.76 (As of Dec. 2023)

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What is Vow ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vow ASA's Average Total Inventories for the six months ended in Dec. 2023 was kr40.0 Mil. Vow ASA's Cost of Goods Sold for the six months ended in Dec. 2023 was kr410.5 Mil. Hence, Vow ASA's Days Inventory for the six months ended in Dec. 2023 was 17.76.

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

OSTO:SSHIPo' s Days Inventory Range Over the Past 10 Years
Min: 6.67 Med: 14.41 Max: 27.2
Current: 23.84

During the past 13 years, Vow ASA's highest Days Inventory was 27.20. The lowest was 6.67. And the median was 14.41.

OSTO:SSHIPo's Days Inventory is ranked better than
96.09% of 2913 companies
in the Industrial Products industry
Industry Median: 120.53 vs OSTO:SSHIPo: 23.84

Vow ASA's Days Inventory declined from Dec. 2022 (34.30) to Dec. 2023 (17.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. Vow ASA's Inventory Turnover for the six months ended in Dec. 2023 was 10.28.

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. Vow ASA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.09.

Vow ASA Days Inventory Historical Data

The historical data trend for Vow ASA'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.

* Premium members only.

Vow ASA Days Inventory Chart

Vow ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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9.71

11.92

18.09

27.20

24.12

Vow ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															17.70	19.38	34.30	32.54	17.76

Competitive Comparison of Vow ASA's Days Inventory

For the Pollution & Treatment Controls subindustry, Vow ASA'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.

Vow ASA's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vow ASA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Vow ASA's Days Inventory falls into.

Vow ASA Days Inventory Calculation

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

Vow ASA'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
=	( (54.6	+	36.1)	/	2 )	/	686.4	*	365
=	45.35					/	686.4	*	365
=	24.12

Vow ASA'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
=	( (43.8	+	36.1)	/	2 )	/	410.5	*	365 / 2
=	39.95					/	410.5	*	365 / 2
=	17.76

Vow ASA (OSTO:SSHIPo) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	410.5	/	39.95
	=	10.28

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	39.95	/	469.8
	=	0.09

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.

Vow ASA Days Inventory Related Terms

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

Vow ASA (OSTO:SSHIPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vow ASA (OSTO:SSHIPo) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SSHPF:USA VOW:Norway 0QTW:UK 213:Germany

Address

Lysaker Torg 12, Lysaker, NOR, 1366

Website

https://www.vowasa.com

Vow ASA designs, engineers, and provide solutions for waste management and wastewater purification to markets globaly. The company offers solutions such as wastewater purification, food and industrial waste processing, production of renewable materials and products, molecules, and fuels from organic waste and biomass, valorization of non-recyclable plastic and polymers, and sterilization of food and electrified high-temperature processing of minerals. Its solutions convert biomass and waste into valuable resources and generate clean energy for marine applications and land-based industries. The company's operating segment includes Projects; Aftersales and Landbased. It generates maximum revenue from the Projects segment and Geographically from Europe.

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