Novus Acquisition & Development (Novus Acquisition & Development) Days Inventory : 0.00 (As of Sep. 2023)

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What is Novus Acquisition & Development Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Novus Acquisition & Development's Average Total Inventories for the three months ended in Sep. 2023 was $0.00 Mil. Novus Acquisition & Development's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.03 Mil. Hence, Novus Acquisition & Development's Days Inventory for the three months ended in Sep. 2023 was 0.00.

The historical rank and industry rank for Novus Acquisition & Development's Days Inventory or its related term are showing as below:

NDEV's Days Inventory is not ranked ^*
in the Insurance industry.
Industry Median: 8.625
* Ranked among companies with meaningful Days Inventory only.

Novus Acquisition & Development's Days Inventory stayed the same from . 20 (0.00) to Sep. 2023 (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. Novus Acquisition & Development's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.00.

Novus Acquisition & Development Days Inventory Historical Data

The historical data trend for Novus Acquisition & Development'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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Novus Acquisition & Development Days Inventory Chart

Novus Acquisition & Development Annual Data

Trend

Days Inventory

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
Days Inventory	-	-

Competitive Comparison of Novus Acquisition & Development's Days Inventory

For the Insurance - Diversified subindustry, Novus Acquisition & Development'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.

Novus Acquisition & Development's Days Inventory Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Novus Acquisition & Development's Days Inventory distribution charts can be found below:

* The bar in red indicates where Novus Acquisition & Development's Days Inventory falls into.

Novus Acquisition & Development Days Inventory Calculation

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

Novus Acquisition & Development's Days Inventory for the fiscal year that ended in . 20 is calculated as

	Days Inventory (A: . 20 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )	/	Cost of Goods Sold (A: . 20 )	*	Days in Period
=	( (	+	)	/	1 )	/		*	365
=	0					/		*	365
=	N/A

Novus Acquisition & Development's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.026	*	365 / 4
=	0					/	0.026	*	365 / 4
=	0.00

Novus Acquisition & Development (OTCPK:NDEV) 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.

Novus Acquisition & Development's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.026	/	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.

Novus Acquisition & Development's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.086
	=	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.

Novus Acquisition & Development Days Inventory Related Terms

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Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Novus Acquisition & Development Corp (OTCPK:NDEV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.