Fly Play hf (OISE:PLAY) Days Inventory : 0.73 (As of Sep. 2023)

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What is Fly Play hf Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fly Play hf's Average Total Inventories for the three months ended in Sep. 2023 was kr100 Mil. Fly Play hf's Cost of Goods Sold for the three months ended in Sep. 2023 was kr12,592 Mil. Hence, Fly Play hf's Days Inventory for the three months ended in Sep. 2023 was 0.73.

The historical rank and industry rank for Fly Play hf's Days Inventory or its related term are showing as below:

OISE:PLAY' s Days Inventory Range Over the Past 10 Years
Min: 1.08 Med: 2.2 Max: 2.91
Current: 1.08

During the past 4 years, Fly Play hf's highest Days Inventory was 2.91. The lowest was 1.08. And the median was 2.20.

OISE:PLAY's Days Inventory is ranked better than
91.29% of 781 companies
in the Transportation industry
Industry Median: 11.4 vs OISE:PLAY: 1.08

Fly Play hf's Days Inventory increased from Sep. 2022 (0.59) to Sep. 2023 (0.73). It might indicate that Fly Play hf's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fly Play hf's Inventory Turnover for the three months ended in Sep. 2023 was 125.58.

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. Fly Play hf's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.01.

Fly Play hf Days Inventory Historical Data

The historical data trend for Fly Play hf'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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Fly Play hf Days Inventory Chart

Fly Play hf Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

2.91

1.48

Fly Play hf Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial									0.59	2.87	1.74	1.01	0.73

Competitive Comparison of Fly Play hf's Days Inventory

For the Airlines subindustry, Fly Play hf'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.

Fly Play hf's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Fly Play hf's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fly Play hf's Days Inventory falls into.

Fly Play hf Days Inventory Calculation

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

Fly Play hf'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
=	( (38.973	+	113.189)	/	2 )	/	18798.348	*	365
=	76.081					/	18798.348	*	365
=	1.48

Fly Play hf's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (137.651	+	62.883)	/	2 )	/	12592.028	*	365 / 4
=	100.267					/	12592.028	*	365 / 4
=	0.73

Fly Play hf (OISE:PLAY) 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.

Fly Play hf's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12592.028	/	100.267
	=	125.58

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.

Fly Play hf's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	100.267	/	15226.331
	=	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.

Fly Play hf Days Inventory Related Terms

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

Fly Play hf (OISE:PLAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fly Play hf (OISE:PLAY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Suourlandsbraut 14, Reykjavik, ISL, 108

Website

https://www.flyplay.com

Fly Play hf is a low-cost airline operating flights between Iceland and Europe using Keflavik International Airport as a hub to facilitate connections for passengers, and cargo.