Ngenic AB (OSTO:NGENIC) Days Inventory : 90.49 (As of Sep. 2023)

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What is Ngenic AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ngenic AB's Average Total Inventories for the three months ended in Sep. 2023 was kr8.56 Mil. Ngenic AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr8.63 Mil. Hence, Ngenic AB's Days Inventory for the three months ended in Sep. 2023 was 90.49.

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

OSTO:NGENIC' s Days Inventory Range Over the Past 10 Years
Min: 149.39 Med: 2741.69 Max: 4330.35
Current: 149.39

During the past 4 years, Ngenic AB's highest Days Inventory was 4330.35. The lowest was 149.39. And the median was 2741.69.

OSTO:NGENIC's Days Inventory is ranked worse than
68.06% of 2408 companies
in the Hardware industry
Industry Median: 102.415 vs OSTO:NGENIC: 149.39

Ngenic AB's Days Inventory declined from Sep. 2022 (5,763.42) to Sep. 2023 (90.49).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ngenic AB's Inventory Turnover for the three months ended in Sep. 2023 was 1.01.

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. Ngenic AB's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.44.

Ngenic AB Days Inventory Historical Data

The historical data trend for Ngenic 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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Ngenic AB Days Inventory Chart

Ngenic AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

4,330.35

1,153.03

Ngenic AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial											5,763.42	211.17	230.89	205.59	90.49

Competitive Comparison of Ngenic AB's Days Inventory

For the Scientific & Technical Instruments subindustry, Ngenic 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.

Ngenic AB's Days Inventory Distribution in the Hardware Industry

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

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

Ngenic AB Days Inventory Calculation

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

Ngenic 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
=	( (3.537	+	6.199)	/	2 )	/	1.541	*	365
=	4.868					/	1.541	*	365
=	1,153.03

Ngenic 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
=	( (8.002	+	9.117)	/	2 )	/	8.631	*	365 / 4
=	8.5595					/	8.631	*	365 / 4
=	90.49

Ngenic AB (OSTO:NGENIC) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.631	/	8.5595
	=	1.01

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.5595	/	19.569
	=	0.44

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.

Ngenic AB Days Inventory Related Terms

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

Ngenic AB (OSTO:NGENIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ngenic AB (OSTO:NGENIC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsgatan 41, Uppsala, SWE, 753 21

Website

https://www.ngenic.se

Ngenic AB is an independent energy technology company. It works with digitization and streamlining of energy systems, with energy companies, property owners, tenant-owner associations and homeowners as customers.

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