The Kingfish Co NV (OSL:KING) Days Inventory : 2,893.54 (As of Dec. 2023)

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What is The Kingfish Co NV Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). The Kingfish Co NV's Average Total Inventories for the six months ended in Dec. 2023 was kr152.1 Mil. The Kingfish Co NV's Cost of Goods Sold for the six months ended in Dec. 2023 was kr9.6 Mil. Hence, The Kingfish Co NV's Days Inventory for the six months ended in Dec. 2023 was 2,893.54.

The historical rank and industry rank for The Kingfish Co NV's Days Inventory or its related term are showing as below:

OSL:KING' s Days Inventory Range Over the Past 10 Years
Min: 212.54 Med: 400.7 Max: 2490.25
Current: 826.28

During the past 7 years, The Kingfish Co NV's highest Days Inventory was 2490.25. The lowest was 212.54. And the median was 400.70.

OSL:KING's Days Inventory is ranked worse than
97.81% of 1783 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs OSL:KING: 826.28

The Kingfish Co NV's Days Inventory increased from Dec. 2022 (218.91) to Dec. 2023 (2,893.54). It might indicate that The Kingfish Co NV's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Kingfish Co NV's Inventory Turnover for the six months ended in Dec. 2023 was 0.06.

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. The Kingfish Co NV's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.23.

The Kingfish Co NV Days Inventory Historical Data

The historical data trend for The Kingfish Co NV'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.

* Premium members only.

The Kingfish Co NV Days Inventory Chart

The Kingfish Co NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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378.68

422.71

280.27

212.54

879.05

The Kingfish Co NV Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial							266.20	218.57	218.91	366.80	2,893.54

Competitive Comparison of The Kingfish Co NV's Days Inventory

For the Packaged Foods subindustry, The Kingfish Co NV'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.

The Kingfish Co NV's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Kingfish Co NV's Days Inventory distribution charts can be found below:

* The bar in red indicates where The Kingfish Co NV's Days Inventory falls into.

The Kingfish Co NV Days Inventory Calculation

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

The Kingfish Co NV'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
=	( (70.72	+	191.603)	/	2 )	/	54.461	*	365
=	131.1615					/	54.461	*	365
=	879.05

The Kingfish Co NV'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (112.655	+	191.603)	/	2 )	/	9.595	*	365 / 2
=	152.129					/	9.595	*	365 / 2
=	2,893.54

The Kingfish Co NV (OSL:KING) 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.

The Kingfish Co NV's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.595	/	152.129
	=	0.06

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.

The Kingfish Co NV's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	152.129	/	123.648
	=	1.23

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.

The Kingfish Co NV Days Inventory Related Terms

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

The Kingfish Co NV (OSL:KING) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Kingfish Co NV (OSL:KING) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

93G:Germany

Address

East Zeedijk 13, Kats, NLD, 4485 PM

Website

https://www.the-kingfish-company.com

The Kingfish Co NV is involved in seafood production, utilizing advanced land-based recirculating aquaculture system technology. It produces Yellowtail Kingfish which is their main source of revenue, a highly versatile seafood species with an active vertically integrated operation in the Netherlands. the Company engages in the production and supply of sustainable, safe and high quality seafood in its target markets.