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Oceansix Future Paths (TSXV:OSIX) Days Inventory : 26.77 (As of Sep. 2023)


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What is Oceansix Future Paths Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Oceansix Future Paths's Average Total Inventories for the three months ended in Sep. 2023 was C$0.18 Mil. Oceansix Future Paths's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.61 Mil. Hence, Oceansix Future Paths's Days Inventory for the three months ended in Sep. 2023 was 26.77.

The historical rank and industry rank for Oceansix Future Paths's Days Inventory or its related term are showing as below:

TSXV:OSIX' s Days Inventory Range Over the Past 10 Years
Min: 18.62   Med: 25.48   Max: 80.4
Current: 65.9

During the past 4 years, Oceansix Future Paths's highest Days Inventory was 80.40. The lowest was 18.62. And the median was 25.48.

TSXV:OSIX's Days Inventory is ranked better than
81.89% of 2904 companies
in the Industrial Products industry
Industry Median: 120.69 vs TSXV:OSIX: 65.90

Oceansix Future Paths's Days Inventory declined from Jun. 2022 (38.71) to Sep. 2023 (26.77).

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. Oceansix Future Paths's Inventory Turnover for the three months ended in Sep. 2023 was 3.41.

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. Oceansix Future Paths's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.24.


Oceansix Future Paths Days Inventory Historical Data

The historical data trend for Oceansix Future Paths'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.

Oceansix Future Paths Days Inventory Chart

Oceansix Future Paths Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Days Inventory
18.62 25.48 - 80.40

Oceansix Future Paths Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.71 94.60 92.89 38.10 26.77

Competitive Comparison of Oceansix Future Paths's Days Inventory

For the Pollution & Treatment Controls subindustry, Oceansix Future Paths'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.


Oceansix Future Paths's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Oceansix Future Paths's Days Inventory falls into.



Oceansix Future Paths Days Inventory Calculation

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

Oceansix Future Paths'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
=( (0.104 + 0.196) / 2 ) / 0.681*365
=0.15 / 0.681*365
=80.40

Oceansix Future Paths's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (0.133 + 0.222) / 2 ) / 0.605*365 / 4
=0.1775 / 0.605*365 / 4
=26.77

* 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.


Oceansix Future Paths  (TSXV:OSIX) 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.

Oceansix Future Paths's Inventory Turnover for the three months ended in Sep. 2023 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.

Oceansix Future Paths's Inventory to Revenue for the three months ended in Sep. 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.


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.


Oceansix Future Paths Days Inventory Related Terms

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


Oceansix Future Paths (TSXV:OSIX) Business Description

Traded in Other Exchanges
Address
11 Derech Menahem Begin, Ramat Gan, ISR
Oceansix Future Paths Ltd is an environmental technology company. It operates in one principal business segment - advanced solutions based on recycled plastic products. Geographically, it operates in Israel & Foreign countries, out of which the majority is from foreign countries. The manufacturing arm transforms recycled plastics into diverse, smart products that serve multiple industries, including automotive, beverage, construction, and agriculture. The group offers customized, multifunctional solutions that comply with the latest environmental requirements as well as demanding client needs.

Oceansix Future Paths (TSXV:OSIX) Headlines

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