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Nokia Oyj (NYSE:NOK)
Days Inventory
68.44 (As of Sep. 2016)

Nokia Oyj's average inventory for the three months ended in Sep. 2016 was $3,093 Mil. Nokia Oyj's cost of goods sold for the three months ended in Sep. 2016 was $4,123 Mil. Hence, Nokia Oyj's days inventory for the three months ended in Sep. 2016 was 68.44.

NOK' s Days Inventory Range Over the Past 10 Years
Min: 21.19   Max: 85.1
Current: 57.89

21.19
85.1

During the past 13 years, Nokia Oyj's highest Days Inventory was 85.10. The lowest was 21.19. And the median was 42.50.

NOK's Days Inventory is ranked higher than
61% of the 504 Companies
in the Global Communication Equipment industry.

( Industry Median: 70.17 vs. NOK: 57.89 )

Nokia Oyj's days inventory increased from Sep. 2015 (67.03) to Sep. 2016 (68.44). It might indicate that Nokia Oyj's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Nokia Oyj's days sales of inventory (DSI) for the three months ended in Sep. 2016 was 42.69.

Inventory turnover measures how fast the company turns over its inventory within a year. Nokia Oyj's inventory turnover for the three months ended in Sep. 2016 was 1.33.

Inventory to revenue ratio 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. Nokia Oyj's inventory to revenue ratio for the three months ended in Sep. 2016 was 0.47.


Definition

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

Nokia Oyj's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

Days Inventory (A: Dec. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2013 ) + Inventory (A: Dec. 2014 )) / 2 ) / COGS (A: Dec. 2014 )*Days in Period
=( (1102.88065844 + 1572.13316893) / 2 ) / 8452.52774353*365
=1337.50691368 / 8452.52774353*365
=57.76

Nokia Oyj's Days Inventory for the quarter that ended in Sep. 2016 is calculated as:

Days Inventory (Q: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2016 ) + Inventory (Q: Sep. 2016 )) / 2 ) / COGS (Q: Sep. 2016 )*Days in Period
=( (3177.52808989 + 3007.85634119) / 2 ) / 4123.45679012*365 / 4
=3092.69221554 / 4123.45679012*365 / 4
=68.44

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Nokia Oyj's Days Sales of Inventory for the three months ended in Sep. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=3092.69221554/6610.54994388*365 / 4
=42.69

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Nokia Oyj's Inventory Turnover for the three months ended in Sep. 2016 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Inventory
=4123.45679012 / 3092.69221554
=1.33

3. 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.

Nokia Oyj's Inventory to Revenue for the three months ended in Sep. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=3092.69221554 / 6610.54994388
=0.47

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Nokia Oyj Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 20.0723.1830.8527.7428.2085.3371.8558.0257.7663.64

Nokia Oyj Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysInventory 58.8365.5158.5775.2979.7767.0352.5842.6970.6368.44
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