Nine Entertainment Co. Holdings (ASX:NEC) Days Inventory : 0.00 (As of Dec. 2023)

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What is Nine Entertainment Co. Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nine Entertainment Co. Holdings's Average Total Inventories for the six months ended in Dec. 2023 was A$317 Mil. Nine Entertainment Co. Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0 Mil.

The historical rank and industry rank for Nine Entertainment Co. Holdings's Days Inventory or its related term are showing as below:

ASX:NEC' s Days Inventory Range Over the Past 10 Years
Min: 0.16 Med: 3.52 Max: 70.44
Current: 70.44

During the past 10 years, Nine Entertainment Co. Holdings's highest Days Inventory was 70.44. The lowest was 0.16. And the median was 3.52.

ASX:NEC's Days Inventory is ranked worse than
67.58% of 657 companies
in the Media - Diversified industry
Industry Median: 26.06 vs ASX:NEC: 70.44

Nine Entertainment Co. Holdings's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nine Entertainment Co. Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 0.00.

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. Nine Entertainment Co. Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.23.

Nine Entertainment Co. Holdings Days Inventory Historical Data

The historical data trend for Nine Entertainment Co. Holdings'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.

* Premium members only.

Nine Entertainment Co. Holdings Days Inventory Chart

Nine Entertainment Co. Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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3.52

3.85

3.13

34.72

Nine Entertainment Co. Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	1.56	-	33.30	-

Competitive Comparison of Nine Entertainment Co. Holdings's Days Inventory

For the Entertainment subindustry, Nine Entertainment Co. Holdings'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.

Nine Entertainment Co. Holdings's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nine Entertainment Co. Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nine Entertainment Co. Holdings's Days Inventory falls into.

Nine Entertainment Co. Holdings Days Inventory Calculation

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

Nine Entertainment Co. Holdings's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (12.745	+	299.452)	/	2 )	/	1641.169	*	365
=	156.0985					/	1641.169	*	365
=	34.72

Nine Entertainment Co. Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (299.452	+	334.007)	/	2 )	/	0	*	365 / 2
=	316.7295					/	0	*	365 / 2
=	N/A

Nine Entertainment Co. Holdings (ASX:NEC) 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.

Nine Entertainment Co. Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	316.7295
	=	0.00

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.

Nine Entertainment Co. Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	316.7295	/	1371.33
	=	0.23

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.

Nine Entertainment Co. Holdings Days Inventory Related Terms

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Nine Entertainment Co. Holdings (ASX:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nine Entertainment Co. Holdings Ltd (ASX:NEC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NEE:Germany

Address

1 Denison Street, Level 9, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.nineforbrands.com.au

Nine Entertainment operates Nine Network, a free-to-air TV network across five capital cities, as well as in regional Northern New South Wales and Darwin. It also owns 9Now, a leading broadcast video on demand operation in Australia. The merger with Fairfax combines Nine's top-ranked TV network and the second-largest newspaper group, topped with a collection of quality digital assets in Nine Digital, subscription video on demand operator Stan, and Fairfax's 60%-owned Domain. It ensures the merged entity remains prominent in the eyes of audiences and advertisers.

Nine Entertainment Co. Holdings (ASX:NEC) Headlines

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