Nosium AB (NGM:NOSIUM B) Days Inventory : 116.29 (As of Jun. 2024)

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What is Nosium AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nosium AB's Average Total Inventories for the three months ended in Jun. 2024 was kr2.58 Mil. Nosium AB's Cost of Goods Sold for the three months ended in Jun. 2024 was kr2.03 Mil. Hence, Nosium AB's Days Inventory for the three months ended in Jun. 2024 was 116.29.

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

NGM:NOSIUM B' s Days Inventory Range Over the Past 10 Years
Min: 52.63 Med: 85.82 Max: 187.56
Current: 187.56

During the past 7 years, Nosium AB's highest Days Inventory was 187.56. The lowest was 52.63. And the median was 85.82.

NGM:NOSIUM B's Days Inventory is ranked worse than
71.52% of 165 companies
in the Asset Management industry
Industry Median: 78.38 vs NGM:NOSIUM B: 187.56

Nosium AB's Days Inventory increased from Jun. 2023 (93.27) to Jun. 2024 (116.29). It might indicate that Nosium AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nosium AB's Inventory Turnover for the three months ended in Jun. 2024 was 0.78.

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. Nosium AB's Inventory-to-Revenue for the three months ended in Jun. 2024 was 1.19.

Nosium AB Days Inventory Historical Data

The historical data trend for Nosium 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.

* Premium members only.

Nosium AB Days Inventory Chart

Nosium AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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111.76

85.82

72.42

148.62

122.10

Nosium AB Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial															93.27	93.84	-	103.87	116.29

Competitive Comparison of Nosium AB's Days Inventory

For the Asset Management subindustry, Nosium 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.

Nosium AB's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nosium AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nosium AB's Days Inventory falls into.

Nosium AB Days Inventory Calculation

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

Nosium 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
=	( (3.034	+	2.796)	/	2 )	/	8.714	*	365
=	2.915					/	8.714	*	365
=	122.10

Nosium 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: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (2.636	+	2.533)	/	2 )	/	2.028	*	365 / 4
=	2.5845					/	2.028	*	365 / 4
=	116.29

Nosium AB (NGM:NOSIUM B) 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.

Nosium AB's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.028	/	2.5845
	=	0.78

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.

Nosium AB's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.5845	/	2.168
	=	1.19

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.

Nosium AB Days Inventory Related Terms

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

Nosium AB Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Artillerigatan 6, Stockholm, SWE, 11451

Website

https://nosium.com

Nosium AB invests in companies with operations online, organic and sustainable. It owns, manages, and acquires shares in companies where it can increase growth and market value by implementing new digital strategies. Its investments are found in innovative tech platforms and product brands that target a health and sustainability-conscious target group.

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