Havila Shipping ASA (OSL:HAVI) Days Inventory : 5.62 (As of Dec. 2023)

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What is Havila Shipping ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Havila Shipping ASA's Average Total Inventories for the three months ended in Dec. 2023 was kr10.0 Mil. Havila Shipping ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr162.6 Mil. Hence, Havila Shipping ASA's Days Inventory for the three months ended in Dec. 2023 was 5.62.

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

OSL:HAVI' s Days Inventory Range Over the Past 10 Years
Min: 6.1 Med: 9.11 Max: 14.04
Current: 8.52

During the past 13 years, Havila Shipping ASA's highest Days Inventory was 14.04. The lowest was 6.10. And the median was 9.11.

OSL:HAVI's Days Inventory is ranked better than
59.28% of 781 companies
in the Transportation industry
Industry Median: 11.46 vs OSL:HAVI: 8.52

Havila Shipping ASA's Days Inventory declined from Dec. 2022 (7.99) to Dec. 2023 (5.62).

Inventory Turnover measures how fast the company turns over its inventory within a year. Havila Shipping ASA's Inventory Turnover for the three months ended in Dec. 2023 was 16.24.

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. Havila Shipping ASA's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.07.

Havila Shipping ASA Days Inventory Historical Data

The historical data trend for Havila Shipping 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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Havila Shipping ASA Days Inventory Chart

Havila Shipping ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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14.04

9.38

12.44

12.24

6.97

Havila Shipping ASA Quarterly Data
	Mar19	Jun19	Sep19	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															7.99	10.62	9.38	10.57	5.62

Competitive Comparison of Havila Shipping ASA's Days Inventory

For the Marine Shipping subindustry, Havila Shipping 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.

Havila Shipping ASA's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Havila Shipping ASA's Days Inventory distribution charts can be found below:

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

Havila Shipping ASA Days Inventory Calculation

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

Havila Shipping 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
=	( (19.804	+	2.08)	/	2 )	/	572.846	*	365
=	10.942					/	572.846	*	365
=	6.97

Havila Shipping 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (17.946	+	2.08)	/	2 )	/	162.64	*	365 / 4
=	10.013					/	162.64	*	365 / 4
=	5.62

Havila Shipping ASA (OSL:HAVI) 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.

Havila Shipping ASA's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	162.64	/	10.013
	=	16.24

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.

Havila Shipping ASA's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.013	/	148.013
	=	0.07

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.

Havila Shipping ASA Days Inventory Related Terms

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

Havila Shipping ASA (OSL:HAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Havila Shipping ASA (OSL:HAVI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HAVIO:Sweden H4S:Germany

Address

P.O Box 215, Fosnavag, NOR, N-6099

Website

https://www.havilashipping.no

Havila Shipping ASA along with its subsidiaries is engaged in the shipping business. The company manages and operates offshore service vessels. The group is involved in the operation of approximately 27 vessels. Its segment includes Anchor handling tug service, Anchor handling tug service - Asia, Platform supply vessel, Rescue recovery vessel and Subsea operations vessels. It operates in five geographical areas namely The Norwegian, British and Danish sectors of the North Sea, Asia, Brazil, Africa and the Netherlands. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Asia, and Brazil.

Havila Shipping ASA (OSL:HAVI) Headlines

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