Northrop Grumman (WBO:NOCO) Days Inventory

: 11.21 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Northrop Grumman's Average Total Inventories for the three months ended in Dec. 2023 was €1,143 Mil. Northrop Grumman's Cost of Goods Sold for the three months ended in Dec. 2023 was €9,310 Mil. Hence, Northrop Grumman's Days Inventory for the three months ended in Dec. 2023 was 11.21.

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

WBO:NOCO' s Days Inventory Range Over the Past 10 Years
Min: 8.24 Med: 11.13 Max: 15.81
Current: 13.03

During the past 13 years, Northrop Grumman's highest Days Inventory was 15.81. The lowest was 8.24. And the median was 11.13.

WBO:NOCO's Days Inventory is ranked better than
95.49% of 288 companies
in the Aerospace & Defense industry
Industry Median: 138.735 vs WBO:NOCO: 13.03

Northrop Grumman's Days Inventory declined from Dec. 2022 (11.32) to Dec. 2023 (11.21).

Inventory Turnover measures how fast the company turns over its inventory within a year. Northrop Grumman's Inventory Turnover for the three months ended in Dec. 2023 was 8.14.

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. Northrop Grumman's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.12.

Northrop Grumman Days Inventory Historical Data

The historical data trend for Northrop Grumman'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 9.76 [6] => 10.06 [7] => 9.74 [8] => 10.89 [9] => 11.79 )

Northrop Grumman Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

9.76

10.06

9.74

10.89

11.79

Northrop Grumman Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																11.32	13.12	14.62	15.47	11.21

Competitive Comparison

For the Aerospace & Defense subindustry, Northrop Grumman'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.

Northrop Grumman Days Inventory Distribution

For the Aerospace & Defense industry and Industrials sector, Northrop Grumman's Days Inventory distribution charts can be found below:

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

Northrop Grumman Days Inventory Calculation

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

Northrop Grumman'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
=	( (923.232	+	1016.953)	/	2 )	/	30021.663	*	365
=	970.0925					/	30021.663	*	365
=	11.79

Northrop Grumman'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
=	( (1269.635	+	1016.953)	/	2 )	/	9310.301	*	365 / 4
=	1143.294					/	9310.301	*	365 / 4
=	11.21

Northrop Grumman (WBO:NOCO) 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.

Northrop Grumman's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9310.301	/	1143.294
	=	8.14

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.

Northrop Grumman's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1143.294	/	9755.046
	=	0.12

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.

Northrop Grumman Days Inventory Related Terms

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

Northrop Grumman (WBO:NOCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Northrop Grumman Corp (WBO:NOCO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NOC:USA NOC:Mexico NTH:Germany NTH:Germany NTH:Germany NOCG34:Brazil

Address

2980 Fairview Park Drive, Falls Church, VA, USA, 22042

Website

https://www.northropgrumman.com

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, mission, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

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