Lemonsoft Oyj (OHEL:LEMON) Days Inventory : 1.31 (As of Mar. 2024)

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What is Lemonsoft Oyj Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lemonsoft Oyj's Average Total Inventories for the three months ended in Mar. 2024 was €0.07 Mil. Lemonsoft Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was €4.76 Mil. Hence, Lemonsoft Oyj's Days Inventory for the three months ended in Mar. 2024 was 1.31.

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

OHEL:LEMON' s Days Inventory Range Over the Past 10 Years
Min: 1.62 Med: 1.98 Max: 2.28
Current: 1.77

During the past 6 years, Lemonsoft Oyj's highest Days Inventory was 2.28. The lowest was 1.62. And the median was 1.98.

OHEL:LEMON's Days Inventory is ranked better than
82.53% of 1563 companies
in the Software industry
Industry Median: 19.18 vs OHEL:LEMON: 1.77

Lemonsoft Oyj's Days Inventory declined from Mar. 2023 (2.03) to Mar. 2024 (1.31).

Inventory Turnover measures how fast the company turns over its inventory within a year. Lemonsoft Oyj's Inventory Turnover for the three months ended in Mar. 2024 was 69.50.

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. Lemonsoft Oyj's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.01.

Lemonsoft Oyj Days Inventory Historical Data

The historical data trend for Lemonsoft Oyj'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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Lemonsoft Oyj Days Inventory Chart

Lemonsoft Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1.62

1.86

2.28

2.10

Lemonsoft Oyj Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial												2.03	1.48	1.77	3.11	1.31

Competitive Comparison of Lemonsoft Oyj's Days Inventory

For the Software - Application subindustry, Lemonsoft Oyj'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.

Lemonsoft Oyj's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where Lemonsoft Oyj's Days Inventory falls into.

Lemonsoft Oyj Days Inventory Calculation

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

Lemonsoft Oyj'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
=	( (0.088	+	0.068)	/	2 )	/	13.56	*	365
=	0.078					/	13.56	*	365
=	2.10

Lemonsoft Oyj'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
=	( (0.068	+	0.069)	/	2 )	/	4.761	*	365 / 4
=	0.0685					/	4.761	*	365 / 4
=	1.31

Lemonsoft Oyj (OHEL:LEMON) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.761	/	0.0685
	=	69.50

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0685	/	6.897
	=	0.01

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.

Lemonsoft Oyj Days Inventory Related Terms

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

Lemonsoft Oyj (OHEL:LEMON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lemonsoft Oyj (OHEL:LEMON) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

M36:Germany

Address

Vaasanpuistikko 20 A 4.krs, Vaasa, FIN, 65100

Website

https://www.lemonsoft.fi

Lemonsoft Oyj is a Finnish software company that designs, develops, and sells ERP software solutions to streamline its customers' processes across different business lines and administration.

Lemonsoft Oyj (OHEL:LEMON) Headlines

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