New Nordic Healthbrands AB (OSTO:NNH) Days Inventory : 183.35 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is New Nordic Healthbrands AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Nordic Healthbrands AB's Average Total Inventories for the three months ended in Dec. 2023 was kr101.3 Mil. New Nordic Healthbrands AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr50.4 Mil. Hence, New Nordic Healthbrands AB's Days Inventory for the three months ended in Dec. 2023 was 183.35.

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

OSTO:NNH' s Days Inventory Range Over the Past 10 Years
Min: 121.88 Med: 188.03 Max: 244.72
Current: 199

During the past 13 years, New Nordic Healthbrands AB's highest Days Inventory was 244.72. The lowest was 121.88. And the median was 188.03.

OSTO:NNH's Days Inventory is ranked worse than
86.72% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 81.77 vs OSTO:NNH: 199.00

New Nordic Healthbrands AB's Days Inventory declined from Dec. 2022 (238.02) to Dec. 2023 (183.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. New Nordic Healthbrands AB's Inventory Turnover for the three months ended in Dec. 2023 was 0.50.

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. New Nordic Healthbrands AB's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.71.

New Nordic Healthbrands AB Days Inventory Historical Data

The historical data trend for New Nordic Healthbrands 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.

* Premium members only.

New Nordic Healthbrands AB Days Inventory Chart

New Nordic Healthbrands AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

193.80

208.48

218.30

244.72

211.65

New Nordic Healthbrands AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															238.02	200.75	202.37	198.42	183.35

Competitive Comparison of New Nordic Healthbrands AB's Days Inventory

For the Packaged Foods subindustry, New Nordic Healthbrands 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.

New Nordic Healthbrands AB's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, New Nordic Healthbrands AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where New Nordic Healthbrands AB's Days Inventory falls into.

New Nordic Healthbrands AB Days Inventory Calculation

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

New Nordic Healthbrands AB's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (110.158	+	105.111)	/	2 )	/	185.62	*	365
=	107.6345					/	185.62	*	365
=	211.65

New Nordic Healthbrands AB'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (97.554	+	105.111)	/	2 )	/	50.43	*	365 / 4
=	101.3325					/	50.43	*	365 / 4
=	183.35

New Nordic Healthbrands AB (OSTO:NNH) 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.

New Nordic Healthbrands AB's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	50.43	/	101.3325
	=	0.50

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.

New Nordic Healthbrands AB's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	101.3325	/	142.55
	=	0.71

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.

New Nordic Healthbrands AB Days Inventory Related Terms

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

New Nordic Healthbrands AB (OSTO:NNH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Nordic Healthbrands AB (OSTO:NNH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sodra Forstadsgatan 3, Malmo, SWE, 211 43

Website

http://www.newnordic.com

New Nordic Healthbrands AB develops herbal supplements, herbal remedies, and personal care products to satisfy specific health and beauty needs. The products are sold in North America, Europe, and Asia. Some products sold are Active legs, Active Liver, Apple Cider, Chili Burn, Clear brain, Ear tone, Equazen, Frutin gastro gel, Hair Gro, Hair Volume, Kilo trim, and Melissa Dream. Maximum revenue is generated from the Nordic region.

New Nordic Healthbrands AB (OSTO:NNH) Headlines

No Headlines