Atea ASA (OSL:ATEA) Days Inventory : 11.31 (As of Mar. 2024)

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What is Atea ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Atea ASA's Average Total Inventories for the three months ended in Mar. 2024 was kr864 Mil. Atea ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr6,969 Mil. Hence, Atea ASA's Days Inventory for the three months ended in Mar. 2024 was 11.31.

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

OSL:ATEA' s Days Inventory Range Over the Past 10 Years
Min: 8.68 Med: 10.44 Max: 18.72
Current: 18.72

During the past 13 years, Atea ASA's highest Days Inventory was 18.72. The lowest was 8.68. And the median was 10.44.

OSL:ATEA's Days Inventory is ranked better than
50.7% of 1564 companies
in the Software industry
Industry Median: 19.515 vs OSL:ATEA: 18.72

Atea ASA's Days Inventory declined from Dec. 2022 (16.45) to Mar. 2024 (11.31).

Inventory Turnover measures how fast the company turns over its inventory within a year. Atea ASA's Inventory Turnover for the three months ended in Mar. 2024 was 8.07.

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. Atea ASA's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.11.

Atea ASA Days Inventory Historical Data

The historical data trend for Atea 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.

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Atea ASA Days Inventory Chart

Atea ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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9.54

10.28

9.31

18.10

18.64

Atea ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial															16.45	13.96	13.95	17.26	11.31

Competitive Comparison of Atea ASA's Days Inventory

For the Information Technology Services subindustry, Atea 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.

Atea ASA's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Atea ASA's Days Inventory distribution charts can be found below:

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

Atea ASA Days Inventory Calculation

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

Atea ASA's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1191	+	1198)	/	2 )	/	23395	*	365
=	1194.5					/	23395	*	365
=	18.64

Atea ASA'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (834	+	894)	/	2 )	/	6969	*	365 / 4
=	864					/	6969	*	365 / 4
=	11.31

Atea ASA (OSL:ATEA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6969	/	864
	=	8.07

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	864	/	7606
	=	0.11

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.

Atea ASA Days Inventory Related Terms

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

Atea ASA (OSL:ATEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Atea ASA (OSL:ATEA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ATEAY:USA ATAZF:USA ATEAo:Sweden 0JWO:UK MKL:Germany

Address

Karvesvingen 5, P.O. Box 6472, Etterstad, Oslo, NOR, NO-0605

Website

https://www.atea.com

Atea ASA is a Norway-based company that provides IT infrastructure and system integration services to customers. The company's product and services portfolio includes the sale of products such as third-party hardware and software, mobile device management and security software, and maintenance and operation of IT infrastructure services for companies, among others. The company operations are divided into six business segments based on geographical areas and services: Norway, Sweden, Denmark, Finland, The Baltics, and Shared Services. The firm generates most of its revenue in Sweden.