NICE (BSP:N1IC34) Days Inventory : 0.00 (As of Sep. 2024)

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What is NICE Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NICE's Average Total Inventories for the three months ended in Sep. 2024 was R$0 Mil. NICE's Cost of Goods Sold for the three months ended in Sep. 2024 was R$1,272 Mil. Hence, NICE's Days Inventory for the three months ended in Sep. 2024 was 0.00.

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

During the past 13 years, NICE's highest Days Inventory was 12.28. The lowest was 2.36. And the median was 4.63.

BSP:N1IC34's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 18.72
* Ranked among companies with meaningful Days Inventory only.

NICE's Days Inventory stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. NICE's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.00.

NICE Days Inventory Historical Data

The historical data trend for NICE'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.

NICE Days Inventory Chart

NICE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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2.23

NICE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of NICE's Days Inventory

For the Software - Application subindustry, NICE'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.

NICE's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, NICE's Days Inventory distribution charts can be found below:

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

NICE Days Inventory Calculation

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

NICE'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
=	( (0	+	0)	/	1 )	/	3763.894	*	365
=	0					/	3763.894	*	365
=	0.00

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

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1271.955	*	365 / 4
=	0					/	1271.955	*	365 / 4
=	0.00

NICE (BSP:N1IC34) 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.

NICE's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1271.955	/	0
	=

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.

NICE's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	3820.877
	=	0.00

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.

NICE Days Inventory Related Terms

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

NICE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NICE Ltd (BSP:N1IC34) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NCSYF:USA NICE:USA NICE:Israel NSY:Germany NSY:Germany

Address

13 Zarchin Street, P.O. Box 690, NICE 1, 2, 3, Ra\'anana, ISR, 4310602

Website

https://www.nice.com

Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXone platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions.

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