Norwegian Air Shuttle ASA (OSL:NAS) Days Inventory : 5.92 (As of Mar. 2024)

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What is Norwegian Air Shuttle ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Norwegian Air Shuttle ASA's Average Total Inventories for the three months ended in Mar. 2024 was kr382 Mil. Norwegian Air Shuttle ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr5,885 Mil. Hence, Norwegian Air Shuttle ASA's Days Inventory for the three months ended in Mar. 2024 was 5.92.

The historical rank and industry rank for Norwegian Air Shuttle ASA's Days Inventory or its related term are showing as below:

OSL:NAS' s Days Inventory Range Over the Past 10 Years
Min: 1.05 Med: 1.67 Max: 4.37
Current: 4.37

During the past 13 years, Norwegian Air Shuttle ASA's highest Days Inventory was 4.37. The lowest was 1.05. And the median was 1.67.

OSL:NAS's Days Inventory is ranked better than
72.89% of 782 companies
in the Transportation industry
Industry Median: 11.545 vs OSL:NAS: 4.37

Norwegian Air Shuttle ASA's Days Inventory increased from Mar. 2023 (2.03) to Mar. 2024 (5.92). It might indicate that Norwegian Air Shuttle ASA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Norwegian Air Shuttle ASA's Inventory Turnover for the three months ended in Mar. 2024 was 15.41.

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. Norwegian Air Shuttle ASA's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.06.

Norwegian Air Shuttle ASA Days Inventory Historical Data

The historical data trend for Norwegian Air Shuttle ASA'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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Norwegian Air Shuttle ASA Days Inventory Chart

Norwegian Air Shuttle ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1.66

3.02

2.15

1.05

3.09

Norwegian Air Shuttle ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															2.03	2.52	3.24	5.22	5.92

Competitive Comparison of Norwegian Air Shuttle ASA's Days Inventory

For the Airlines subindustry, Norwegian Air Shuttle ASA'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.

Norwegian Air Shuttle ASA's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Norwegian Air Shuttle ASA's Days Inventory falls into.

Norwegian Air Shuttle ASA Days Inventory Calculation

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

Norwegian Air Shuttle ASA'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
=	( (81.3	+	259.6)	/	2 )	/	20102.5	*	365
=	170.45					/	20102.5	*	365
=	3.09

Norwegian Air Shuttle ASA's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (259.6	+	504)	/	2 )	/	5885.2	*	365 / 4
=	381.8					/	5885.2	*	365 / 4
=	5.92

Norwegian Air Shuttle ASA (OSL:NAS) 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.

Norwegian Air Shuttle ASA's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5885.2	/	381.8
	=	15.41

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.

Norwegian Air Shuttle ASA's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	381.8	/	6144.4
	=	0.06

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.

Norwegian Air Shuttle ASA Days Inventory Related Terms

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

Norwegian Air Shuttle ASA (OSL:NAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norwegian Air Shuttle ASA (OSL:NAS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NWARF:USA NASo:Sweden NASo:UK 0FGH:UK NWC:Germany

Address

Oksenoyveien 3, Fornebu, P.O. Box 113, Lysaker, NOR, NO-1366

Website

https://www.norwegian.com

Norwegian Air Shuttle ASA operates a short-haul network across the Nordics and to key European destinations. The group provides its customers with excellent quality at affordable fares with a network of more than 300 routes. The group has one operating segment, which is low-cost air passenger travel. Norwegian believes in affordable fares for all and offers quality flights at a low fare based on operational excellence and helpful, friendly service.

Norwegian Air Shuttle ASA (OSL:NAS) Headlines

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