Days Inventory is also known as Days Sales of Inventory (DSI). Nova Lifestyle's Average Total Inventories for the
three
months ended in Dec. 2023 was $2.06 Mil. Nova Lifestyle's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1.27 Mil.
Hence, Nova Lifestyle's Days Inventory for the
three
months ended in Dec. 2023 was 147.44.
The historical rank and industry rank for Nova Lifestyle's Days Inventory or its related term are showing as below:
NVFY'
s Days Inventory Range Over the Past 10 Years
Min: 12.21 Med: 51.28 Max: 919.53
Current: 164.7
During the past 13 years, Nova Lifestyle's highest Days Inventory was 919.53. The lowest was 12.21. And the median was 51.28.
NVFY's Days Inventory is ranked worse than 79.8% of 406
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 105.195
vs NVFY: 164.70
Nova Lifestyle's Days Inventory
increased
from Dec. 2022 (88.23) to Dec. 2023 (147.44).
It might indicate that Nova Lifestyle's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nova Lifestyle's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.62.
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.
Nova Lifestyle's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.91.
Nova Lifestyle Days Inventory Historical Data
The historical data trend for Nova Lifestyle'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 Nova Lifestyle's Days Inventory
For the Furnishings, Fixtures & Appliances subindustry, Nova Lifestyle'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.
Nova Lifestyle's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nova Lifestyle's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nova Lifestyle's Days Inventory falls into.
Nova Lifestyle Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nova Lifestyle'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.
Nova Lifestyle (NAS:NVFY) 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.
Nova Lifestyle'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.
Nova Lifestyle'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.
Nova Lifestyle Days Inventory Related Terms
Thank you for viewing the detailed overview of Nova Lifestyle's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nova Lifestyle (Nova Lifestyle) Business Description
Nova Lifestyle Inc is a designer and lifestyle furniture company. It distributes and retails contemporary styled residential and commercial furniture. The firms marketing and sales platform offers retail as well as online selection and purchase fulfillment internationally. The company also sells managed a variety of bedding foundation components. Its collection of lifestyle furniture brands includes Diamond Sofa. The firm's products are made in the United States and Asia. Its customers mainly comprise distributors and retailers having specific geographic coverages that deploy middle to high-end private label home furnishings. The Company operates in one business and industry segment: the design and sale of furniture.
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