Resqunit AB (OSTO:RESQ) Days Inventory : 653.50 (As of Jun. 2023)

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What is Resqunit AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Resqunit AB's Average Total Inventories for the six months ended in Jun. 2023 was kr1.53 Mil. Resqunit AB's Cost of Goods Sold for the six months ended in Jun. 2023 was kr0.43 Mil. Hence, Resqunit AB's Days Inventory for the six months ended in Jun. 2023 was 653.50.

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

OSTO:RESQ' s Days Inventory Range Over the Past 10 Years
Min: 488.79 Med: 488.79 Max: 546.93
Current: 546.93

During the past 2 years, Resqunit AB's highest Days Inventory was 546.93. The lowest was 488.79. And the median was 488.79.

OSTO:RESQ's Days Inventory is ranked worse than
97.52% of 2904 companies
in the Industrial Products industry
Industry Median: 120.69 vs OSTO:RESQ: 546.93

Resqunit AB's Days Inventory declined from Jun. 2022 (753.70) to Jun. 2023 (653.50).

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. Resqunit AB's Inventory Turnover for the six months ended in Jun. 2023 was 0.28.

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. Resqunit AB's Inventory-to-Revenue for the six months ended in Jun. 2023 was 2.60.

Resqunit AB Days Inventory Historical Data

The historical data trend for Resqunit 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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Resqunit AB Days Inventory Chart

Resqunit AB Annual Data

Trend

Dec21

Dec22

Days Inventory

488.79

Resqunit AB Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23
Days Inventory	-	753.70	351.20	653.50

Competitive Comparison of Resqunit AB's Days Inventory

For the Pollution & Treatment Controls subindustry, Resqunit 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.

Resqunit AB's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Resqunit AB's Days Inventory distribution charts can be found below:

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

Resqunit AB Days Inventory Calculation

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

Resqunit AB'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
=	( (0.145	+	0.929)	/	2 )	/	0.401	*	365
=	0.537					/	0.401	*	365
=	488.79

Resqunit AB's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.929	+	2.129)	/	2 )	/	0.427	*	365 / 2
=	1.529					/	0.427	*	365 / 2
=	653.50

Resqunit AB (OSTO:RESQ) 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.

Resqunit AB's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.427	/	1.529
	=	0.28

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.

Resqunit AB's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.529	/	0.588
	=	2.60

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.

Resqunit AB Days Inventory Related Terms

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

Resqunit AB (OSTO:RESQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Resqunit AB (OSTO:RESQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.resqunit.com

Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

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