Novem Group (LTS:0ABP) Days Inventory : 130.86 (As of Sep. 2024)

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What is Novem Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Novem Group's Average Total Inventories for the three months ended in Sep. 2024 was €102.6 Mil. Novem Group's Cost of Goods Sold for the three months ended in Sep. 2024 was €71.5 Mil. Hence, Novem Group's Days Inventory for the three months ended in Sep. 2024 was 130.86.

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

LTS:0ABP' s Days Inventory Range Over the Past 10 Years
Min: 116.82 Med: 121.67 Max: 136.62
Current: 133.73

During the past 4 years, Novem Group's highest Days Inventory was 136.62. The lowest was 116.82. And the median was 121.67.

LTS:0ABP's Days Inventory is ranked worse than
78.61% of 1276 companies
in the Vehicles & Parts industry
Industry Median: 80.605 vs LTS:0ABP: 133.73

Novem Group's Days Inventory increased from Sep. 2023 (111.00) to Sep. 2024 (130.86). It might indicate that Novem Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Novem Group's Inventory Turnover for the three months ended in Sep. 2024 was 0.70.

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. Novem Group's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.74.

Novem Group Days Inventory Historical Data

The historical data trend for Novem Group'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.

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Novem Group Days Inventory Chart

Novem Group Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Inventory

116.82

136.62

122.71

120.62

Novem Group Quarterly Data
	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												111.00	149.14	121.09	138.82	130.86

Competitive Comparison of Novem Group's Days Inventory

For the Auto Parts subindustry, Novem Group'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.

Novem Group's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Novem Group's Days Inventory distribution charts can be found below:

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

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Novem Group Days Inventory Calculation

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

Novem Group's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (115.019	+	95.617)	/	2 )	/	318.698	*	365
=	105.318					/	318.698	*	365
=	120.62

Novem Group'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
=	( (105.5	+	99.695)	/	2 )	/	71.541	*	365 / 4
=	102.5975					/	71.541	*	365 / 4
=	130.86

Novem Group (LTS:0ABP) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	71.541	/	102.5975
	=	0.70

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	102.5975	/	139.37
	=	0.74

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.

Novem Group Days Inventory Related Terms

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

Novem Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Novem Group SA (LTS:0ABP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NVM:Germany

Address

Industriestrasse 45, Vorbach, DEU, 95519

Website

https://www.novem.com

Novem Group SA operates as a developer, supplier, and system supplier for trim parts and decorative functional elements in vehicle interiors. The products of the company are central consoles, dashboards, beltlines, and others. The company operates in three reportable geographical segments namely Europe, Americas, and Asia. The business activities of these segments includes the production, processing, and sale of high quality trims and decorative functional elements in vehicle interiors.

Novem Group Headlines

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