Ferronordic AB (OSTO:FNM) Days Inventory : 151.76 (As of Mar. 2024)

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What is Ferronordic AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ferronordic AB's Average Total Inventories for the three months ended in Mar. 2024 was kr1,565 Mil. Ferronordic AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr941 Mil. Hence, Ferronordic AB's Days Inventory for the three months ended in Mar. 2024 was 151.76.

The historical rank and industry rank for Ferronordic AB's Days Inventory or its related term are showing as below:

OSTO:FNM' s Days Inventory Range Over the Past 10 Years
Min: 95.41 Med: 116.03 Max: 333.88
Current: 128.74

During the past 13 years, Ferronordic AB's highest Days Inventory was 333.88. The lowest was 95.41. And the median was 116.03.

OSTO:FNM's Days Inventory is ranked worse than
70.42% of 142 companies
in the Industrial Distribution industry
Industry Median: 88.49 vs OSTO:FNM: 128.74

Ferronordic AB's Days Inventory increased from Mar. 2023 (83.06) to Mar. 2024 (151.76). It might indicate that Ferronordic AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ferronordic AB's Inventory Turnover for the three months ended in Mar. 2024 was 0.60.

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. Ferronordic AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.34.

Ferronordic AB Days Inventory Historical Data

The historical data trend for Ferronordic AB'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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Ferronordic AB Days Inventory Chart

Ferronordic AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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124.69

109.58

333.88

200.40

139.70

Ferronordic AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															83.06	96.82	113.82	124.97	151.76

Competitive Comparison of Ferronordic AB's Days Inventory

For the Industrial Distribution subindustry, Ferronordic AB'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.

Ferronordic AB's Days Inventory Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Ferronordic AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ferronordic AB's Days Inventory falls into.

Ferronordic AB Days Inventory Calculation

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

Ferronordic AB'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
=	( (460	+	1443)	/	2 )	/	2486	*	365
=	951.5					/	2486	*	365
=	139.70

Ferronordic AB'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
=	( (1443	+	1687)	/	2 )	/	941	*	365 / 4
=	1565					/	941	*	365 / 4
=	151.76

Ferronordic AB (OSTO:FNM) 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.

Ferronordic AB's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	941	/	1565
	=	0.60

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.

Ferronordic AB's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1565	/	1172
	=	1.34

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.

Ferronordic AB Days Inventory Related Terms

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

Ferronordic AB (OSTO:FNM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ferronordic AB (OSTO:FNM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AA4:Germany

Address

Nybrogatan 6, Stockholm, SWE, SE114 34

Website

https://www.ferronordic.com

Ferronordic AB is engaged in sales, rents, and services of construction equipment and other machinery. The company is authorized dealer of Volvo Construction Equipment, Terex Trucks, Dressta, Mecalac and Rottne and also appointed as aftermarket dealer for Volvo and Renault Trucks and dealer for Volvo Penta. The Group has two reporting segments: Germany and CIS (the Commonwealth of Independent States). The Germany segment comprises comprises of sales of new and used trucks, aftermarket sales, rental, and other services in Germany. CIS comprises of sales of new and used construction and other equipment, aftermarket sales, rental, contracting services and other services in CIS and currently only in Kazakhstan.

Ferronordic AB (OSTO:FNM) Headlines

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