Holdco Nuvo Group DG (Holdco Nuvo Group DG) Days Inventory : 530.30 (As of Dec. 2023)

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What is Holdco Nuvo Group DG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Holdco Nuvo Group DG's Average Total Inventories for the six months ended in Dec. 2023 was $0.28 Mil. Holdco Nuvo Group DG's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.19 Mil. Hence, Holdco Nuvo Group DG's Days Inventory for the six months ended in Dec. 2023 was 265.15.

The historical rank and industry rank for Holdco Nuvo Group DG's Days Inventory or its related term are showing as below:

NUVO' s Days Inventory Range Over the Past 10 Years
Min: 530.3 Med: 530.3 Max: 530.3
Current: 530.3

During the past 3 years, Holdco Nuvo Group DG's highest Days Inventory was 530.30. The lowest was 530.30. And the median was 530.30.

NUVO's Days Inventory is ranked worse than
87.81% of 771 companies
in the Medical Devices & Instruments industry
Industry Median: 192.74 vs NUVO: 530.30

Holdco Nuvo Group DG's Days Inventory increased from Dec. 2021 (0.00) to Dec. 2023 (530.30). It might indicate that Holdco Nuvo Group DG's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Holdco Nuvo Group DG's Inventory Turnover for the six months ended in Dec. 2023 was 0.69.

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. Holdco Nuvo Group DG's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.58.

Holdco Nuvo Group DG Days Inventory Historical Data

The historical data trend for Holdco Nuvo Group DG'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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Holdco Nuvo Group DG Days Inventory Chart

Holdco Nuvo Group DG Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

530.30

Holdco Nuvo Group DG Semi-Annual Data
	Dec21	Dec22	Dec23
Days Inventory	-	-	530.30

Competitive Comparison of Holdco Nuvo Group DG's Days Inventory

For the Medical Devices subindustry, Holdco Nuvo Group DG'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.

Holdco Nuvo Group DG's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Holdco Nuvo Group DG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Holdco Nuvo Group DG's Days Inventory falls into.

Holdco Nuvo Group DG Days Inventory Calculation

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

Holdco Nuvo Group DG'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
=	( (0.535	+	0.02)	/	2 )	/	0.191	*	365
=	0.2775					/	0.191	*	365
=	530.30

Holdco Nuvo Group DG'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: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.535	+	0.02)	/	2 )	/	0.191	*	365 / 2
=	0.2775					/	0.191	*	365 / 2
=	265.15

Holdco Nuvo Group DG (NAS:NUVO) 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.

Holdco Nuvo Group DG's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.191	/	0.2775
	=	0.69

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.

Holdco Nuvo Group DG's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2775	/	0.176
	=	1.58

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.

Holdco Nuvo Group DG Days Inventory Related Terms

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

Holdco Nuvo Group DG (Holdco Nuvo Group DG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Holdco Nuvo Group DG Ltd (NAS:NUVO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

94 Yigal Alon Street, Alon Tower 1, Tel Aviv, ISR, 6789155

Website

https://www.nuvocares.com

Holdco Nuvo Group DG Ltd is a women's health and connected pregnancy care company and has developed INVU by Nuvo, an FDA-cleared, prescription-initiated, remote pregnancy monitoring platform that enables the delivery of remote non-stress tests and maternal and fetal heart rate monitoring, helping expectant mothers adhere to their prescribed care plan. It is leading the transformation from a world where pregnancy care is limited by outdated technology and barriers to accessing care to a world where data-driven, clinically relevant, actionable insights can be accessed both at home and in the clinic. INVU is composed of a hardware component (wearable), with digital signal processing and cloud analytics, and interfaces for every participant involved in pregnancy care.

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