Nord Insuretech Group AB (NGM:NORDIG) Days Inventory : 0.00 (As of Jun. 2024)

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What is Nord Insuretech Group AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nord Insuretech Group AB's Average Total Inventories for the six months ended in Jun. 2024 was kr0.00 Mil. Nord Insuretech Group AB's Cost of Goods Sold for the six months ended in Jun. 2024 was kr6.41 Mil. Hence, Nord Insuretech Group AB's Days Inventory for the six months ended in Jun. 2024 was 0.00.

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

NGM:NORDIG's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 18.725
* Ranked among companies with meaningful Days Inventory only.

Nord Insuretech Group AB's Days Inventory stayed the same from Jun. 2023 (0.00) to Jun. 2024 (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. Nord Insuretech Group AB's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.00.

Nord Insuretech Group AB Days Inventory Historical Data

The historical data trend for Nord Insuretech Group 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.

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Nord Insuretech Group AB Days Inventory Chart

Nord Insuretech Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Nord Insuretech Group AB Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Nord Insuretech Group AB's Days Inventory

For the Software - Application subindustry, Nord Insuretech Group 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.

Nord Insuretech Group AB's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Nord Insuretech Group AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nord Insuretech Group AB's Days Inventory falls into.

Nord Insuretech Group AB Days Inventory Calculation

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

Nord Insuretech Group AB'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	+	0)	/	1 )	/	19.1	*	365
=	0					/	19.1	*	365
=	0.00

Nord Insuretech Group AB's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	6.411	*	365 / 2
=	0					/	6.411	*	365 / 2
=	0.00

Nord Insuretech Group AB (NGM:NORDIG) 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.

Nord Insuretech Group AB's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.411	/	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.

Nord Insuretech Group AB's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	2.31
	=	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.

Nord Insuretech Group AB Days Inventory Related Terms

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Nord Insuretech Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nord Insuretech Group AB (NGM:NORDIG) » Definitions » Days Inventory

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Traded in Other Exchanges

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Address

Industrigatan 4A, Stockholm, SWE, 112 46

Website

https://www.nordinsuretechgroup.se

Nord Insuretech Group AB is a operator of digital platform. It delivers next-generation integrated insurance in the Nordic region. The company distributes its services through partners who can then sell various insurance products to end customers through the company's digital platform.

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