Norsk Renewables AS (OSL:NSOL) Days Inventory : 0.00 (As of Sep. 2024)

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What is Norsk Renewables AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Norsk Renewables AS's Average Total Inventories for the three months ended in Sep. 2024 was kr0.15 Mil. Norsk Renewables AS's Cost of Goods Sold for the three months ended in Sep. 2024 was kr0.00 Mil.

The historical rank and industry rank for Norsk Renewables AS's Days Inventory or its related term are showing as below:

During the past 7 years, Norsk Renewables AS's highest Days Inventory was 359.54. The lowest was 14.22. And the median was 100.30.

OSL:NSOL's Days Inventory is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 31.205
* Ranked among companies with meaningful Days Inventory only.

Norsk Renewables AS's Days Inventory stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Norsk Renewables AS's Inventory Turnover for the three months ended in Sep. 2024 was 0.00.

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. Norsk Renewables AS's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.02.

Norsk Renewables AS Days Inventory Historical Data

The historical data trend for Norsk Renewables AS'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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Norsk Renewables AS Days Inventory Chart

Norsk Renewables AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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14.22

120.11

80.49

359.54

Norsk Renewables AS Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial												-	-	-	-	-

Competitive Comparison of Norsk Renewables AS's Days Inventory

For the Utilities - Renewable subindustry, Norsk Renewables AS'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.

Norsk Renewables AS's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Norsk Renewables AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Norsk Renewables AS's Days Inventory falls into.

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Norsk Renewables AS Days Inventory Calculation

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

Norsk Renewables AS'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
=	( (0.15	+	0.15)	/	2 )	/	0	*	365
=	0.15					/	0	*	365
=	N/A

Norsk Renewables AS's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.147	+	0.143)	/	2 )	/	0	*	365 / 4
=	0.145					/	0	*	365 / 4
=	N/A

Norsk Renewables AS (OSL:NSOL) 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.

Norsk Renewables AS's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0.145
	=	0.00

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.

Norsk Renewables AS's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.145	/	6.869
	=	0.02

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.

Norsk Renewables AS Days Inventory Related Terms

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

Norsk Renewables AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Norsk Renewables AS (OSL:NSOL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haakon VIIs gata 8, Naeringslivets hus, Stavanger, NOR, N-4005

Website

https://www.norskrenewables.com

Norsk Renewables AS is a Norway-based renewable energy provider with 100 MW solar power in operation and under construction combined with a 1 GW secured portfolio under development. It has an in-country presence in South Africa, Brazil, Vietnam, Spain, and Norway.

Norsk Renewables AS Headlines

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