Nanoform Finland (OSTO:NANOFS) Days Inventory : 160.54 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Nanoform Finland Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nanoform Finland's Average Total Inventories for the three months ended in Dec. 2023 was kr2.07 Mil. Nanoform Finland's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1.17 Mil. Hence, Nanoform Finland's Days Inventory for the three months ended in Dec. 2023 was 160.54.

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

OSTO:NANOFS' s Days Inventory Range Over the Past 10 Years
Min: 6.44 Med: 27.3 Max: 48.15
Current: 44.54

During the past 8 years, Nanoform Finland's highest Days Inventory was 48.15. The lowest was 6.44. And the median was 27.30.

OSTO:NANOFS's Days Inventory is ranked better than
88.46% of 650 companies
in the Biotechnology industry
Industry Median: 190.305 vs OSTO:NANOFS: 44.54

Nanoform Finland's Days Inventory increased from Dec. 2022 (3.17) to Dec. 2023 (160.54). It might indicate that Nanoform Finland'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. Nanoform Finland's Inventory Turnover for the three months ended in Dec. 2023 was 0.57.

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. Nanoform Finland's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.46.

Nanoform Finland Days Inventory Historical Data

The historical data trend for Nanoform Finland'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.

* Premium members only.

Nanoform Finland Days Inventory Chart

Nanoform Finland Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

6.44

48.14

Nanoform Finland Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															3.17	20.67	24.01	34.23	160.54

Competitive Comparison of Nanoform Finland's Days Inventory

For the Biotechnology subindustry, Nanoform Finland'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.

Nanoform Finland's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Nanoform Finland's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nanoform Finland's Days Inventory falls into.

Nanoform Finland Days Inventory Calculation

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

Nanoform Finland'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
=	( (0.066	+	2.439)	/	2 )	/	9.497	*	365
=	1.2525					/	9.497	*	365
=	48.14

Nanoform Finland'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.692	+	2.439)	/	2 )	/	1.174	*	365 / 4
=	2.0655					/	1.174	*	365 / 4
=	160.54

Nanoform Finland (OSTO:NANOFS) 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.

Nanoform Finland's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.174	/	2.0655
	=	0.57

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.

Nanoform Finland's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.0655	/	4.474
	=	0.46

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.

Nanoform Finland Days Inventory Related Terms

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

Nanoform Finland (OSTO:NANOFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Nanoform Finland PLC (OSTO:NANOFS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NANOFH:Finland 4YL:Germany

Address

Cultivator II, Viikinkaari 4, Helsinki, FIN, 00790

Website

https://www.nanoform.com

Nanoform Finland PLC is a nanoparticle medicine-enabling company. The company works together with pharma and biotech partners to reduce attrition in clinical trials and enhance their molecules' formulation performance through its nano-forming services. Its patented and scalable Controlled Expansion of Supercritical Solutions (CESS) technology produces nano-formed API particles as small as 10nm. This enables poorly soluble molecules in the pharmaceutical pipeline to progress into clinical development by increasing their rate of dissolution and by improving their bioavailability. Its technology provides novel opportunities in many value-enhancing drug delivery applications.

Nanoform Finland (OSTO:NANOFS) Headlines

No Headlines