Days Inventory is also known as Days Sales of Inventory (DSI). Nobia AB's Average Total Inventories for the
three
months ended in Mar. 2024 was $116 Mil. Nobia AB's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $159 Mil.
Hence, Nobia AB's Days Inventory for the
three
months ended in Mar. 2024 was 66.78.
The historical rank and industry rank for Nobia AB's Days Inventory or its related term are showing as below:
NBIAY'
s Days Inventory Range Over the Past 10 Years
Min: 41.67 Med: 45.15 Max: 60.83
Current: 60.83
During the past 13 years, Nobia AB's highest Days Inventory was 60.83. The lowest was 41.67. And the median was 45.15.
NBIAY's Days Inventory is ranked better than 77.48% of 404
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.365
vs NBIAY: 60.83
Nobia AB's Days Inventory
increased
from Mar. 2023 (61.50) to Mar. 2024 (66.78).
It might indicate that Nobia AB's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nobia AB's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.37.
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.
Nobia AB's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.46.
Nobia AB Days Inventory Historical Data
The historical data trend for Nobia AB'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.
Competitive Comparison of Nobia AB's Days Inventory
For the Furnishings, Fixtures & Appliances subindustry, Nobia AB'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.
Nobia AB's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nobia AB's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nobia AB's Days Inventory falls into.
Nobia AB Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nobia AB's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Nobia AB (OTCPK:NBIAY) 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.
Nobia AB's Inventory Turnover for the
three
months ended in Mar. 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.
Nobia AB's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
Nobia AB Days Inventory Related Terms
Thank you for viewing the detailed overview of Nobia AB's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nobia AB is a Sweden-based furniture company that designs, manufactures, and sells various kitchen products. The company operates in the United Kingdom, Denmark, Finland, and Austria. Nobia sells its products through a network of subsidiaries to retailers, builders' merchants, DIY stores, and professional construction companies. The company generates the majority of its net sales from the UK and, secondarily, from the Nordic region. The core brands of Nobia include Magnet, HTH, Marbodal, A la Carte, Sigdal, and ewe. The firm derives revenue from the sale and installation services of kitchen products and other products.
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