New Wave Group AB (OSTO:NEWA B) Days Inventory : 483.79 (As of Mar. 2024)

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What is New Wave Group AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Wave Group AB's Average Total Inventories for the three months ended in Mar. 2024 was kr5,319 Mil. New Wave Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1,003 Mil. Hence, New Wave Group AB's Days Inventory for the three months ended in Mar. 2024 was 483.79.

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

OSTO:NEWA B' s Days Inventory Range Over the Past 10 Years
Min: 283.95 Med: 319.16 Max: 432.39
Current: 432.39

During the past 13 years, New Wave Group AB's highest Days Inventory was 432.39. The lowest was 283.95. And the median was 319.16.

OSTO:NEWA B's Days Inventory is ranked worse than
93.55% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.87 vs OSTO:NEWA B: 432.39

New Wave Group AB's Days Inventory increased from Mar. 2023 (469.95) to Mar. 2024 (483.79). It might indicate that New Wave Group AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Wave Group AB's Inventory Turnover for the three months ended in Mar. 2024 was 0.19.

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. New Wave Group AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.67.

New Wave Group AB Days Inventory Historical Data

The historical data trend for New Wave 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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New Wave Group AB Days Inventory Chart

New Wave Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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334.75

339.58

304.43

336.35

410.68

New Wave Group AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															469.95	441.02	438.67	388.54	483.79

Competitive Comparison of New Wave Group AB's Days Inventory

For the Specialty Retail subindustry, New Wave 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.

New Wave Group AB's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, New Wave Group AB's Days Inventory distribution charts can be found below:

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

New Wave Group AB Days Inventory Calculation

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

New Wave Group AB's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (5297.7	+	5346.8)	/	2 )	/	4730.3	*	365
=	5322.25					/	4730.3	*	365
=	410.68

New Wave Group AB's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (5346.8	+	5291.8)	/	2 )	/	1003.3	*	365 / 4
=	5319.3					/	1003.3	*	365 / 4
=	483.79

New Wave Group AB (OSTO:NEWA B) 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.

New Wave Group AB's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1003.3	/	5319.3
	=	0.19

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.

New Wave Group AB's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5319.3	/	1995.2
	=	2.67

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.

New Wave Group AB Days Inventory Related Terms

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

New Wave Group AB (OSTO:NEWA B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New Wave Group AB (OSTO:NEWA B) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NWG0:Germany

Address

Kungsportsavenyen 10, Gothenburg, SWE, 41136

Website

https://www.nwg.se

New Wave Group AB is a Sweden-based company that designs, acquires and develops brands and products in the corporate promo, gifts, and home furnishings sectors. The group achieves synergies by coordinating the design, purchasing, marketing, warehousing and distribution of its product range. To ensure good diversification, the Group market its products in the corporate promo market and the retail market. The group divides its operations into three operating segments, Corporate, Sports and Leisure, and Gifts and Home Furnishings.

New Wave Group AB (OSTO:NEWA B) Headlines

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