Noratis AG (HAM:NUVA) Days Inventory : 3,700.41 (As of Jun. 2023)

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What is Noratis AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Noratis AG's Average Total Inventories for the six months ended in Jun. 2023 was €448.27 Mil. Noratis AG's Cost of Goods Sold for the six months ended in Jun. 2023 was €22.11 Mil. Hence, Noratis AG's Days Inventory for the six months ended in Jun. 2023 was 3,700.41.

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

HAM:NUVA' s Days Inventory Range Over the Past 10 Years
Min: 704.57 Med: 1482.06 Max: 7656.7
Current: 4975.65

During the past 8 years, Noratis AG's highest Days Inventory was 7656.70. The lowest was 704.57. And the median was 1482.06.

HAM:NUVA's Days Inventory is ranked worse than
92.09% of 1327 companies
in the Real Estate industry
Industry Median: 697.68 vs HAM:NUVA: 4975.65

Noratis AG's Days Inventory increased from Jun. 2022 (1,492.52) to Jun. 2023 (3,700.41). It might indicate that Noratis AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Noratis AG's Inventory Turnover for the six months ended in Jun. 2023 was 0.05.

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. Noratis AG's Inventory-to-Revenue for the six months ended in Jun. 2023 was 13.39.

Noratis AG Days Inventory Historical Data

The historical data trend for Noratis AG'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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Noratis AG Days Inventory Chart

Noratis AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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1,482.06

1,423.17

7,656.70

2,788.76

2,629.86

Noratis AG Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial											1,503.20	10,026.79	1,492.52	8,000.24	3,700.41

Competitive Comparison of Noratis AG's Days Inventory

For the Real Estate - Development subindustry, Noratis AG'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.

Noratis AG's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Noratis AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Noratis AG's Days Inventory falls into.

Noratis AG Days Inventory Calculation

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

Noratis AG'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
=	( (424.18	+	454.812)	/	2 )	/	60.998	*	365
=	439.496					/	60.998	*	365
=	2,629.86

Noratis AG'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
=	( (454.812	+	441.722)	/	2 )	/	22.108	*	365 / 2
=	448.267					/	22.108	*	365 / 2
=	3,700.41

Noratis AG (HAM:NUVA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	22.108	/	448.267
	=	0.05

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	448.267	/	33.479
	=	13.39

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.

Noratis AG Days Inventory Related Terms

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Noratis AG (HAM:NUVA) Business Description

Industry

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Traded in Other Exchanges

NUVA:Germany

Address

Hauptstrasse 129, Eschborn, HE, DEU, 65760

Website

https://www.noratis.de

Noratis AG is a developer of residential property portfolios. The company invests in residential properties with technical and commercial development potential in Germany, mainly in small and medium-sized towns or on the outskirts of metropolitan areas. The Company specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations.