Days Inventory is also known as Days Sales of Inventory (DSI). Nova's Average Total Inventories for the
three
months ended in Dec. 2023 was $139.7 Mil. Nova's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $60.2 Mil.
Hence, Nova's Days Inventory for the
three
months ended in Dec. 2023 was 211.75.
The historical rank and industry rank for Nova's Days Inventory or its related term are showing as below:
NVMI'
s Days Inventory Range Over the Past 10 Years
Min: 109.57 Med: 136.31 Max: 221.56
Current: 221.56
During the past 13 years, Nova's highest Days Inventory was 221.56. The lowest was 109.57. And the median was 136.31.
NVMI's Days Inventory is ranked worse than 75.13% of 941
companies
in the Semiconductors industry
Industry Median: 131.06
vs NVMI: 221.56
Nova's Days Inventory
increased
from Dec. 2022 (153.95) to Dec. 2023 (211.75).
It might indicate that Nova'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.
Nova's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.43.
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.
Nova's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.04.
Nova Days Inventory Historical Data
The historical data trend for Nova'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.
For the Semiconductor Equipment & Materials subindustry, Nova'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.
Nova's Days Inventory Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Nova's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nova's Days Inventory falls into.
Nova Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nova'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.
Nova (NAS:NVMI) 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.
Nova's Inventory Turnover for the
three
months ended in Dec. 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.
Nova's Inventory to Revenue for the
three
months 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.
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.
Nova Days Inventory Related Terms
Thank you for viewing the detailed overview of Nova's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nova Ltd is a semiconductor equipment manufacturer. The company provides metrology solutions for process control used in semiconductor manufacturing. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems. The product range consists of Nova 2040, Nova 3090Next, Nova i500 and i500 Plus, Nova T500, Nova T600, Nova V2600, HelioSense 100, Nova Hybrid Metrology solution, NovaMars. The company generates majority of its revenue from Taiwan, R.O.C. Geographically the company has its business spread across the region of Taiwan, Korea, China, the United States, and Europe.
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