Nowonomics AB (NGM:NOWO.TO2) Days Inventory : 0.00 (As of Sep. 2023)

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What is Nowonomics AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nowonomics AB's Average Total Inventories for the three months ended in Sep. 2023 was kr0.00 Mil. Nowonomics AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr-0.63 Mil.

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

NGM:NOWO.TO2's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 19.265
* Ranked among companies with meaningful Days Inventory only.

Nowonomics AB's Days Inventory stayed the same from Sep. 2022 (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. Nowonomics AB's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.00.

Nowonomics AB Days Inventory Historical Data

The historical data trend for Nowonomics 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.

Nowonomics AB Days Inventory Chart

Nowonomics AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

Nowonomics AB Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Nowonomics AB's Days Inventory

For the Software - Application subindustry, Nowonomics 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.

Nowonomics AB's Days Inventory Distribution in the Software Industry

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

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

Nowonomics AB Days Inventory Calculation

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

Nowonomics AB's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	-4.698	*	365
=	0					/	-4.698	*	365
=	N/A

Nowonomics AB'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	-0.634	*	365 / 4
=	0					/	-0.634	*	365 / 4
=	N/A

Nowonomics AB (NGM:NOWO.TO2) 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.

Nowonomics AB's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-0.634	/	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.

Nowonomics AB's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	1.484
	=	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.

Nowonomics AB Days Inventory Related Terms

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

Nowonomics AB (NGM:NOWO.TO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nowonomics AB (NGM:NOWO.TO2) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NOWO:Sweden

Address

Artillerigatan 42, Stockholm, SWE, 114 45

Website

https://www.nowo.se

Nowonomics AB is a savings platform whose purpose is to help you as a user to get a better personal finances. It aims to promote savings before retirement and therefore develops its own tools and solutions together with partners to simplify, educate and help members to have a better financial situation.

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