Olink Holding AB (Olink Holding AB) Days Inventory : 274.92 (As of Dec. 2023)

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What is Olink Holding AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Olink Holding AB's Average Total Inventories for the three months ended in Dec. 2023 was $59.9 Mil. Olink Holding AB's Cost of Goods Sold for the three months ended in Dec. 2023 was $19.9 Mil. Hence, Olink Holding AB's Days Inventory for the three months ended in Dec. 2023 was 274.92.

The historical rank and industry rank for Olink Holding AB's Days Inventory or its related term are showing as below:

OLK' s Days Inventory Range Over the Past 10 Years
Min: 247.04 Med: 333.32 Max: 366.36
Current: 352.9

During the past 5 years, Olink Holding AB's highest Days Inventory was 366.36. The lowest was 247.04. And the median was 333.32.

OLK's Days Inventory is ranked worse than
93.68% of 190 companies
in the Medical Diagnostics & Research industry
Industry Median: 66.175 vs OLK: 352.90

Olink Holding AB's Days Inventory increased from Dec. 2022 (247.25) to Dec. 2023 (274.92). It might indicate that Olink Holding AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Olink Holding AB's Inventory Turnover for the three months ended in Dec. 2023 was 0.33.

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. Olink Holding AB's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.87.

Olink Holding AB Days Inventory Historical Data

The historical data trend for Olink Holding AB'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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Olink Holding AB Days Inventory Chart

Olink Holding AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

333.32

342.02

247.04

294.53

366.36

Olink Holding AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial												247.25	441.06	385.03	360.97	274.92

Competitive Comparison of Olink Holding AB's Days Inventory

For the Diagnostics & Research subindustry, Olink Holding AB'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.

Olink Holding AB's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Olink Holding AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Olink Holding AB's Days Inventory falls into.

Olink Holding AB Days Inventory Calculation

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

Olink Holding AB'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
=	( (44.246	+	66.436)	/	2 )	/	55.136	*	365
=	55.341					/	55.136	*	365
=	366.36

Olink Holding AB'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (53.372	+	66.436)	/	2 )	/	19.883	*	365 / 4
=	59.904					/	19.883	*	365 / 4
=	274.92

Olink Holding AB (NAS:OLK) 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.

Olink Holding AB's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.883	/	59.904
	=	0.33

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.

Olink Holding AB's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	59.904	/	68.552
	=	0.87

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.

Olink Holding AB Days Inventory Related Terms

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Olink Holding AB (Olink Holding AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Olink Holding AB (NAS:OLK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

6XA:Germany

Address

Uppsala Science Park, Uppsala, SWE, SE-75183

Website

https://www.olink.com

Olink Holding AB has a proprietary and patented Proximity Extension Assay technology, which enables researchers to use one platform for discovery to clinical trials to diagnostic applications utilizing the established infrastructure of labs and installed instrumentation. It has two segments including Kit and Services. It derives revenues from Sweden, the Americas, China, EMEA (Excluding Sweden) Japan, and other regions.