Days Inventory is also known as Days Sales of Inventory (DSI). Novonesis AS's Average Total Inventories for the
three
months ended in Dec. 2023 was $543 Mil. Novonesis AS's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $310 Mil.
Hence, Novonesis AS's Days Inventory for the
three
months ended in Dec. 2023 was 159.84.
The historical rank and industry rank for Novonesis AS's Days Inventory or its related term are showing as below:
NVZMY'
s Days Inventory Range Over the Past 10 Years
Min: 138.75 Med: 152.87 Max: 170.7
Current: 170.7
During the past 13 years, Novonesis AS's highest Days Inventory was 170.70. The lowest was 138.75. And the median was 152.87.
NVZMY's Days Inventory is ranked worse than 85.22% of 1495
companies
in the Chemicals industry
Industry Median: 83.73
vs NVZMY: 170.70
Novonesis AS's Days Inventory
increased
from Dec. 2022 (158.43) to Dec. 2023 (159.84).
It might indicate that Novonesis AS's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Novonesis AS's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.57.
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.
Novonesis AS's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.81.
Novonesis AS Days Inventory Historical Data
The historical data trend for Novonesis AS'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 Novonesis AS's Days Inventory
For the Specialty Chemicals subindustry, Novonesis AS'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.
Novonesis AS's Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Novonesis AS's Days Inventory distribution charts can be found below:
* The bar in red indicates where Novonesis AS's Days Inventory falls into.
Novonesis AS Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Novonesis AS'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.
Novonesis AS (OTCPK:NVZMY) 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.
Novonesis AS'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.
Novonesis AS'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.
Novonesis AS Days Inventory Related Terms
Thank you for viewing the detailed overview of Novonesis AS's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Novozymes is the world leader in industrial enzymes. In recent years, the company has expanded into micro-organisms, primarily for agricultural markets. The firm supplies five major industry groups: household care, food and beverages, bioenergy, agriculture and feed, and technical and pharma. Its biological solutions create value for its customers by improving yield efficiency and performance, while saving energy and generating less waste. The company is headquartered in Denmark.
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