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Novo Nordisk AS (BSP:N1VO34) Days Inventory : 271.01 (As of Dec. 2024)


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What is Novo Nordisk AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Novo Nordisk AS's Average Total Inventories for the three months ended in Dec. 2024 was R$33,135 Mil. Novo Nordisk AS's Cost of Goods Sold for the three months ended in Dec. 2024 was R$11,157 Mil. Hence, Novo Nordisk AS's Days Inventory for the three months ended in Dec. 2024 was 271.01.

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

BSP:N1VO34' s Days Inventory Range Over the Past 10 Years
Min: 271.87   Med: 296.1   Max: 328.48
Current: 296.05

During the past 13 years, Novo Nordisk AS's highest Days Inventory was 328.48. The lowest was 271.87. And the median was 296.10.

BSP:N1VO34's Days Inventory is ranked worse than
84.82% of 942 companies
in the Drug Manufacturers industry
Industry Median: 158.655 vs BSP:N1VO34: 296.05

Novo Nordisk AS's Days Inventory declined from Dec. 2023 (277.60) to Dec. 2024 (271.01).

Inventory Turnover measures how fast the company turns over its inventory within a year. Novo Nordisk AS's Inventory Turnover for the three months ended in Dec. 2024 was 0.34.

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. Novo Nordisk AS's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.45.


Novo Nordisk AS Days Inventory Historical Data

The historical data trend for Novo Nordisk AS'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.

Novo Nordisk AS Days Inventory Chart

Novo Nordisk AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 273.23 291.35 301.27 291.98 276.57

Novo Nordisk AS Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 277.60 299.14 300.89 291.33 271.01

Competitive Comparison of Novo Nordisk AS's Days Inventory

For the Drug Manufacturers - General subindustry, Novo Nordisk AS'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.


Novo Nordisk AS's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Novo Nordisk AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Novo Nordisk AS's Days Inventory falls into.



Novo Nordisk AS Days Inventory Calculation

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

Novo Nordisk AS's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

Days Inventory (A: Dec. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (22804.989 + 34992.453) / 2 ) / 38138.852*365
=28898.721 / 38138.852*365
=276.57

Novo Nordisk AS's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

Days Inventory (Q: Dec. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (31278.101 + 34992.453) / 2 ) / 11156.741*365 / 4
=33135.277 / 11156.741*365 / 4
=271.01

* 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.


Novo Nordisk AS  (BSP:N1VO34) 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.

Novo Nordisk AS's Inventory Turnover for the three months ended in Dec. 2024 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.

Novo Nordisk AS's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=33135.277 / 73398.574
=0.45

* 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.


Novo Nordisk AS Days Inventory Related Terms

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


Novo Nordisk AS Business Description

Address
Novo Alle 1, Bagsvaerd, DNK, 2880
With roughly one third of the global branded diabetes treatment market, Novo Nordisk is the leading provider of diabetes-care products in the world. Based in Denmark, the company manufactures and markets a variety of human and modern insulins, injectable diabetes treatments such as GLP-1 therapy, oral antidiabetic agents, and obesity treatments. Novo also has a biopharmaceutical segment (constituting less than 10% of revenue) that specializes in protein therapies for hemophilia and other disorders.

Novo Nordisk AS Headlines

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