MTN Nigeria Communications (NSA:MTNN) Days Inventory: 4.75 (As of Mar. 2026) — 170% Above Median


NSA:MTNN MTN Nigeria Communications PLC NSA:MTNN
85 GF Score
Price ₦780.00
GF Value ₦617.89
Valuation Modestly Overvalued
! 1 Warning Sign
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What is MTN Nigeria Communications Days Inventory?

MTN Nigeria Communications NSA:MTNN +2.62% 85 Days Inventory is 4.75 as of Mar. 2026, which is 170% above its 10-year median of 1.76. GuruFocus rates NSA:MTNN with a GF Score™ of 85/100 and a GF Value™ of ₦617.89 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 295 Telecommunication Services companies, MTN Nigeria Communications ranks better than 89.49% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). MTN Nigeria Communications's Average Total Inventories for the three months ended in Mar. 2026 was ₦21,370 Mil. MTN Nigeria Communications's Cost of Goods Sold for the three months ended in Mar. 2026 was ₦410,951 Mil. Hence, MTN Nigeria Communications's Days Inventory for the three months ended in Mar. 2026 was 4.75.

The historical rank and industry rank for MTN Nigeria Communications's Days Inventory or its related term are showing as below:

NSA:MTNN' s Days Inventory Range Over the Past 10 Years
Min: 1.16   Med: 1.76   Max: 3.36
Current: 3.36

During the past 8 years, MTN Nigeria Communications's highest Days Inventory was 3.36. The lowest was 1.16. And the median was 1.76.

NSA:MTNN's Days Inventory is ranked better than
89.49% of 295 companies
in the Telecommunication Services industry
Industry Median: 18.53 vs NSA:MTNN: 3.36

MTN Nigeria Communications's Days Inventory increased from Mar. 2025 (1.52) to Mar. 2026 (4.75). It might indicate that MTN Nigeria Communications's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. MTN Nigeria Communications's Inventory Turnover for the three months ended in Mar. 2026 was 19.23.

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. MTN Nigeria Communications's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.01.


MTN Nigeria Communications  (NSA:MTNN) 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.

MTN Nigeria Communications's Inventory Turnover for the three months ended in Mar. 2026 is calculated as

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.

MTN Nigeria Communications's Inventory to Revenue for the three months ended in Mar. 2026 is calculated as

* 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.


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.


MTN Nigeria Communications Days Inventory Related Terms


MTN Nigeria Communications Days Inventory Historical Data

* Premium members only.

The historical data trend for MTN Nigeria Communications'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.

MTN Nigeria Communications Days Inventory Chart

MTN Nigeria Communications Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Inventory
Get a 7-Day Free Trial 2.45 2.47 1.99 1.53 3.18

MTN Nigeria Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.52 2.08 3.01 4.20 4.75

NSA:MTNN vs TMUS, VZ, T: Days Inventory Comparison

For the Telecom Services subindustry, MTN Nigeria Communications'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.


MTN Nigeria Communications Days Inventory vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's Days Inventory distribution charts can be found below:

* The bar in red indicates where MTN Nigeria Communications's Days Inventory falls into.


NSA:MTNN
85GF Score
MTN Nigeria Communications PLC NSA:MTNN
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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MTN Nigeria Communications Days Inventory Calculation

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

MTN Nigeria Communications's Days Inventory for the fiscal year that ended in Dec. 2025 is calculated as

Days Inventory (A: Dec. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (6971 + 23298) / 2 ) / 1736460*365
=15134.5 / 1736460*365
=3.18

MTN Nigeria Communications's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (23298 + 19441) / 2 ) / 410951*365 / 4
=21369.5 / 410951*365 / 4
=4.75

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 4.75 mean?
MTN Nigeria Communications (NSA:MTNN) has a Days Inventory of 4.75 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on MTN Nigeria Communications and its competitors. This is 170% above median its historical median of 1.76. Over the past decade, MTN Nigeria Communications' Days Inventory has ranged from 1.16 to 3.36. According to the industry distribution chart, MTN Nigeria Communications ranks #31 out of 295 companies in the Telecommunication Services industry, placing it in the top 10.5%.
Is MTN Nigeria Communications' Days Inventory too high?
MTN Nigeria Communications' current Days Inventory of 4.75 is 170% above median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 3.36. The Telecommunication Services industry median Days Inventory is 18.53. MTN Nigeria Communications' value of 4.75 is 74.4% below this industry median. Based on the distribution chart, MTN Nigeria Communications ranks #31 out of 295 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, MTN Nigeria Communications has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Nigeria Communications' Days Inventory compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Nigeria Communications ranks #31 out of 295 companies for Days Inventory. This places MTN Nigeria Communications in the top 11% of its industry — outperforming the majority of peers. The industry median Days Inventory is 18.53. MTN Nigeria Communications' value of 4.75 is 74.4% below this benchmark. Historically, MTN Nigeria Communications' own Days Inventory has ranged from 1.16 to 3.36 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 18.53, MTN Nigeria Communications has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Telecommunication Services company?
The median Days Inventory among Telecommunication Services companies is 18.53, based on 295 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Nigeria Communications's current Days Inventory of 4.75 is 74.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on MTN Nigeria Communications and its competitors. For the Telecommunication Services industry, the median Days Inventory is 18.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Nigeria Communications's current Days Inventory is 4.75, which is 170% above median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Nigeria Communications stock overvalued right now?
Based on GuruFocus' analysis, MTN Nigeria Communications (NSA:MTNN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₦617.89, compared to a current price of ₦780.00 — trading 26.2% above its estimated fair value. The current Days Inventory is 4.75, which is 170% above median its 10-year median of 1.76 and 74.4% below the Telecommunication Services industry median of 18.53. MTN Nigeria Communications' overall GF Score™ is 85/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For MTN Nigeria Communications (NSA:MTNN), the current Days Inventory is 4.75 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MTN Nigeria Communications (NSA:MTNN) Overvalued in 2026?

Based on GuruFocus' analysis, MTN Nigeria Communications stock appears to be overvalued. The current stock price of ₦780.00 is trading 26.2% above its estimated GF Value™ of ₦617.89. GuruFocus considers MTN Nigeria Communications to be Modestly Overvalued.

Key valuation signals for NSA:MTNN:

  • Days Inventory: 4.75 (170% above median its 10-year median of 1.76)
  • GF Value™: ₦617.89 vs. price of ₦780.00 (26.2% above fair value)
  • GF Score™: 85/100 with 1 warning sign
  • Industry Position: 74.4% below the Telecommunication Services median (#31 of 295)

No single metric tells the full story. See the NSA:MTNN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MTN Nigeria Communications Business Description

Address 4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos, NGA
MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, mobile broadband solutions, and fibre-to-the-home connectivity. The group operates in three reportable segments, namely, Consumer Business Unit (CBU), which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value, and Mass segments, Enterprise Business Unit (EBU), which consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU), which serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.
85GF Score

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Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦780.00
Price
₦617.89
GF Value