Relevance Communication Nordic (NGM:RLVNC) Days Inventory : 0.00 (As of Dec. 2023)

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What is Relevance Communication Nordic Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Relevance Communication Nordic's Average Total Inventories for the three months ended in Dec. 2023 was kr0.00 Mil. Relevance Communication Nordic's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1.10 Mil. Hence, Relevance Communication Nordic's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Relevance Communication Nordic's Days Inventory or its related term are showing as below:

NGM:RLVNC's Days Inventory is not ranked ^*
in the Media - Diversified industry.
Industry Median: 26.215
* Ranked among companies with meaningful Days Inventory only.

Relevance Communication Nordic's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 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. Relevance Communication Nordic's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Relevance Communication Nordic Days Inventory Historical Data

The historical data trend for Relevance Communication Nordic'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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Relevance Communication Nordic Days Inventory Chart

Relevance Communication Nordic Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Relevance Communication Nordic Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Relevance Communication Nordic's Days Inventory

For the Publishing subindustry, Relevance Communication Nordic'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.

Relevance Communication Nordic's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Relevance Communication Nordic's Days Inventory distribution charts can be found below:

* The bar in red indicates where Relevance Communication Nordic's Days Inventory falls into.

Relevance Communication Nordic Days Inventory Calculation

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

Relevance Communication Nordic'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 )	/	3.817	*	365
=	0					/	3.817	*	365
=	0.00

Relevance Communication Nordic's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.1	*	365 / 4
=	0					/	1.1	*	365 / 4
=	0.00

Relevance Communication Nordic (NGM:RLVNC) 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.

Relevance Communication Nordic's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.1	/	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.

Relevance Communication Nordic's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	2.382
	=	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.

Relevance Communication Nordic Days Inventory Related Terms

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

Relevance Communication Nordic (NGM:RLVNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Relevance Communication Nordic (NGM:RLVNC) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Sandhamnsgatan 63C, Stockholm, SWE, 115 28

Website

http://www.news55.se

News55 AB is a media company. Its business includes publishing of regional magazines and newspapers. The company also organizes exhibition for seniors and offers products in advertising and print. It has launched the E55.se site, which focuses on news and guidance in finance, savings and pensions.

Relevance Communication Nordic (NGM:RLVNC) Headlines

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