Northbaze Group AB (OSTO:NBZ) Days Inventory : 140.67 (As of Sep. 2023)

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What is Northbaze Group AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Northbaze Group AB's Average Total Inventories for the three months ended in Sep. 2023 was kr15.1 Mil. Northbaze Group AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr9.8 Mil. Hence, Northbaze Group AB's Days Inventory for the three months ended in Sep. 2023 was 140.67.

The historical rank and industry rank for Northbaze Group AB's Days Inventory or its related term are showing as below:

OSTO:NBZ' s Days Inventory Range Over the Past 10 Years
Min: 74.17 Med: 152.08 Max: 423.12
Current: 88.47

During the past 13 years, Northbaze Group AB's highest Days Inventory was 423.12. The lowest was 74.17. And the median was 152.08.

OSTO:NBZ's Days Inventory is ranked better than
58.2% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs OSTO:NBZ: 88.47

Northbaze Group AB's Days Inventory increased from Sep. 2022 (105.51) to Sep. 2023 (140.67). It might indicate that Northbaze Group AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Northbaze Group AB's Inventory Turnover for the three months ended in Sep. 2023 was 0.65.

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. Northbaze Group AB's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.54.

Northbaze Group AB Days Inventory Historical Data

The historical data trend for Northbaze Group AB'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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Northbaze Group AB Days Inventory Chart

Northbaze Group AB Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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146.08

158.08

124.47

87.42

74.17

Northbaze Group AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															105.51	51.78	104.97	135.98	140.67

Competitive Comparison of Northbaze Group AB's Days Inventory

For the Consumer Electronics subindustry, Northbaze Group AB'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.

Northbaze Group AB's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Northbaze Group AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Northbaze Group AB's Days Inventory falls into.

Northbaze Group AB Days Inventory Calculation

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

Northbaze Group AB'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
=	( (16.07	+	20.54)	/	2 )	/	90.087	*	365
=	18.305					/	90.087	*	365
=	74.17

Northbaze Group AB'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (14.702	+	15.565)	/	2 )	/	9.817	*	365 / 4
=	15.1335					/	9.817	*	365 / 4
=	140.67

Northbaze Group AB (OSTO:NBZ) 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.

Northbaze Group AB's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.817	/	15.1335
	=	0.65

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.

Northbaze Group AB's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.1335	/	28.025
	=	0.54

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.

Northbaze Group AB Days Inventory Related Terms

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

Northbaze Group AB (OSTO:NBZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Northbaze Group AB (OSTO:NBZ) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Asogatan 121, 4F, Stockholm, SWE, 116 24

Website

https://www.jaysheadphones.com

Northbaze Group AB, formerly Jays Group AB is a Sweden based company engaged in designing, engineering, and marketing of earphones, headphones and other musical related products. The company markets its products in the international market under its own brand name. Its products include a-JAYS and q-JAYS series earphones, u-JAYS On-ear headphones, and others. The products of the company are used together with mobile phones, tablets, and media players.

Northbaze Group AB (OSTO:NBZ) Headlines

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