Next (LSE:NXT) Days Inventory : 80.24 (As of Jan. 2024)

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What is Next Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Next's Average Total Inventories for the six months ended in Jan. 2024 was £727 Mil. Next's Cost of Goods Sold for the six months ended in Jan. 2024 was £1,653 Mil. Hence, Next's Days Inventory for the six months ended in Jan. 2024 was 80.24.

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

LSE:NXT' s Days Inventory Range Over the Past 10 Years
Min: 55.13 Med: 69.64 Max: 85.07
Current: 83.84

During the past 13 years, Next's highest Days Inventory was 85.07. The lowest was 55.13. And the median was 69.64.

LSE:NXT's Days Inventory is ranked better than
61.61% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.545 vs LSE:NXT: 83.84

Next's Days Inventory declined from Jan. 2023 (88.77) to Jan. 2024 (80.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. Next's Inventory Turnover for the six months ended in Jan. 2024 was 2.27.

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. Next's Inventory-to-Revenue for the six months ended in Jan. 2024 was 0.24.

Next Days Inventory Historical Data

The historical data trend for Next'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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Next Days Inventory Chart

Next Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Inventory

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71.62

84.96

80.45

82.69

85.07

Next Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Days Inventory	Get a 7-Day Free Trial															75.25	92.04	88.77	86.70	80.24

Competitive Comparison of Next's Days Inventory

For the Apparel Retail subindustry, Next'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.

Next's Days Inventory Distribution in the Retail - Cyclical Industry

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

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

Next Days Inventory Calculation

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

Next's Days Inventory for the fiscal year that ended in Jan. 2024 is calculated as

	Days Inventory (A: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (662.2	+	769)	/	2 )	/	3070.5	*	365
=	715.6					/	3070.5	*	365
=	85.07

Next's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (684.6	+	769)	/	2 )	/	1653	*	365 / 2
=	726.8					/	1653	*	365 / 2
=	80.24

Next (LSE:NXT) 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.

Next's Inventory Turnover for the six months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1653	/	726.8
	=	2.27

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.

Next's Inventory to Revenue for the six months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	726.8	/	2974.4
	=	0.24

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.

Next Days Inventory Related Terms

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

Next (LSE:NXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Next PLC (LSE:NXT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NXGPY:USA NXTl:UK NXG:Germany

Address

Desford Road, Enderby, Leicester, GBR, LE19 4AT

Website

https://www.nextplc.co.uk

Next PLC is a retailer that sells clothing, footwear, accessories, and home products. most of the company's offerings consist of its own Next-branded products. Almost all of Next's revenue comes from its hundreds of stores in the United Kingdom and through its online and catalog business that reaches dozens of other countries. most of the company's remaining sales are through retail stores outside of the United Kingdom that it franchises. Its segments include NEXT Online, NEXT Finance, NEXT Retail, NEXT International Retail, Sourcing and other, and Property Management. Roughly 90% of the company's revenue comes from customers in the United Kingdom.