Naas Technology (Naas Technology) Days Inventory : 28.56 (As of Mar. 2024)

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What is Naas Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Naas Technology's Average Total Inventories for the three months ended in Mar. 2024 was $3.12 Mil. Naas Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was $9.98 Mil. Hence, Naas Technology's Days Inventory for the three months ended in Mar. 2024 was 28.56.

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

NAAS' s Days Inventory Range Over the Past 10 Years
Min: 31.17 Med: 35.43 Max: 35.43
Current: 31.17

During the past 4 years, Naas Technology's highest Days Inventory was 35.43. The lowest was 31.17. And the median was 35.43.

NAAS's Days Inventory is ranked better than
86.72% of 1069 companies
in the Retail - Cyclical industry
Industry Median: 110.7 vs NAAS: 31.17

Naas Technology's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (28.56). It might indicate that Naas Technology's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Naas Technology's Inventory Turnover for the three months ended in Mar. 2024 was 3.20.

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. Naas Technology's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.23.

Naas Technology Days Inventory Historical Data

The historical data trend for Naas Technology'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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Naas Technology Days Inventory Chart

Naas Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

35.43

Naas Technology Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial							-	91.49	18.01	39.16	28.56

Competitive Comparison of Naas Technology's Days Inventory

For the Specialty Retail subindustry, Naas Technology'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.

Naas Technology's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Naas Technology's Days Inventory distribution charts can be found below:

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

Naas Technology Days Inventory Calculation

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

Naas Technology'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	+	3.145)	/	1 )	/	32.397	*	365
=	3.145					/	32.397	*	365
=	35.43

Naas Technology's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.145	+	3.103)	/	2 )	/	9.982	*	365 / 4
=	3.124					/	9.982	*	365 / 4
=	28.56

Naas Technology (NAS:NAAS) 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.

Naas Technology's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.982	/	3.124
	=	3.20

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.

Naas Technology's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.124	/	13.363
	=	0.23

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.

Naas Technology Days Inventory Related Terms

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

Naas Technology (Naas Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Naas Technology Inc (NAS:NAAS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

6RE0:Germany

Address

No.1 Yaojiayuan South Road, Newlink Center, Area G, Building 7, Huitong Times Square, Chaoyang District, Beijing, CHN, 100024

Website

https://www.enaas.com

Naas Technology Inc is an electric vehicle charging service provider in China, whose vision is to power the world with carbon-neutral energy. It offers an integrated set of online solutions to charging station operators. wide range of offline services that simplify the daily operations of charging station operators, and of non-charging services such as food and beverage services to station operators.