Days Inventory is also known as Days Sales of Inventory (DSI). Nokian Tyres's Average Total Inventories for the
three
months ended in Dec. 2023 was $524 Mil. Nokian Tyres's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $306 Mil.
Hence, Nokian Tyres's Days Inventory for the
three
months ended in Dec. 2023 was 156.41.
The historical rank and industry rank for Nokian Tyres's Days Inventory or its related term are showing as below:
NKRKY'
s Days Inventory Range Over the Past 10 Years
Min: 116.9 Med: 143.95 Max: 196
Current: 191.67
During the past 13 years, Nokian Tyres's highest Days Inventory was 196.00. The lowest was 116.90. And the median was 143.95.
NKRKY's Days Inventory is ranked worse than 89.32% of 1255
companies
in the Vehicles & Parts industry
Industry Median: 81.83
vs NKRKY: 191.67
Nokian Tyres's Days Inventory
declined
from Dec. 2022 (169.85) to Dec. 2023 (156.41).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nokian Tyres's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.58.
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.
Nokian Tyres's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.31.
Nokian Tyres Days Inventory Historical Data
The historical data trend for Nokian Tyres'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.
Competitive Comparison of Nokian Tyres's Days Inventory
For the Auto Parts subindustry, Nokian Tyres'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.
Nokian Tyres's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nokian Tyres's Days Inventory falls into.
Nokian Tyres Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nokian Tyres's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Nokian Tyres (OTCPK:NKRKY) 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.
Nokian Tyres's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Nokian Tyres's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Nokian Tyres Days Inventory Related Terms
Thank you for viewing the detailed overview of Nokian Tyres's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nokian Tyres plc develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The passenger car tires segment generates the majority of revenue.
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