Days Inventory is also known as Days Sales of Inventory (DSI). Loomis AB's Average Total Inventories for the
three
months ended in Mar. 2024 was kr525 Mil. Loomis AB's Cost of Goods Sold for the
three
months ended in Mar. 2024 was kr5,311 Mil.
Hence, Loomis AB's Days Inventory for the
three
months ended in Mar. 2024 was 9.01.
The historical rank and industry rank for Loomis AB's Days Inventory or its related term are showing as below:
OSTO:LOOMIS'
s Days Inventory Range Over the Past 10 Years
Min: 1.85 Med: 2.31 Max: 8.78
Current: 8.78
During the past 13 years, Loomis AB's highest Days Inventory was 8.78. The lowest was 1.85. And the median was 2.31.
OSTO:LOOMIS's Days Inventory is ranked better than 70.78% of 681
companies
in the Business Services industry
Industry Median: 29.77
vs OSTO:LOOMIS: 8.78
Loomis AB's Days Inventory
increased
from Mar. 2023 (1.71) to Mar. 2024 (9.01).
It might indicate that Loomis AB's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Loomis AB's Inventory Turnover for the
three
months ended in Mar. 2024 was 10.13.
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.
Loomis AB's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.07.
Loomis AB Days Inventory Historical Data
The historical data trend for Loomis 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.
Competitive Comparison of Loomis AB's Days Inventory
For the Security & Protection Services subindustry, Loomis 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.
Loomis AB's Days Inventory Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Loomis AB's Days Inventory distribution charts can be found below:
* The bar in red indicates where Loomis AB's Days Inventory falls into.
Loomis AB Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Loomis AB's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Loomis AB (OSTO:LOOMIS) 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.
Loomis AB's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
Loomis AB's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
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.
Loomis AB Days Inventory Related Terms
Thank you for viewing the detailed overview of Loomis AB's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Loomis AB is a Sweden-based company primarily engaged in cash handling services, which include cash in transit, or CIT, and cash management services, or CMS. CIT involves transporting cash to and from stores, banks and ATMs. CMS involves moving cash from customers to Loomis' cash centers where Loomis counts and packages bills and coins with quality assurance. CMS also involves cash flow analyzing, forecasting, and reporting, as well as other customized solutions. Besides CIT and CMS, Loomis also provides cross-border transportation services and general cargo services. Its segments are Europe, the United States, and Loomis Pay.
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