Days Inventory is also known as Days Sales of Inventory (DSI). NEL ASA's Average Total Inventories for the
three
months ended in Mar. 2024 was kr792 Mil. NEL ASA's Cost of Goods Sold for the
three
months ended in Mar. 2024 was kr94 Mil.
Hence, NEL ASA's Days Inventory for the
three
months ended in Mar. 2024 was 770.35.
The historical rank and industry rank for NEL ASA's Days Inventory or its related term are showing as below:
OSTO:NELo'
s Days Inventory Range Over the Past 10 Years
Min: 91.41 Med: 191.13 Max: 659.3
Current: 324.49
During the past 13 years, NEL ASA's highest Days Inventory was 659.30. The lowest was 91.41. And the median was 191.13.
OSTO:NELo's Days Inventory is ranked worse than 91.18% of 2902
companies
in the Industrial Products industry
Industry Median: 119.93
vs OSTO:NELo: 324.49
NEL ASA's Days Inventory
increased
from Mar. 2023 (297.85) to Mar. 2024 (770.35).
It might indicate that NEL ASA'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.
NEL ASA's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.12.
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.
NEL ASA's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 2.05.
NEL ASA Days Inventory Historical Data
The historical data trend for NEL 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.
Competitive Comparison of NEL ASA's Days Inventory
For the Specialty Industrial Machinery subindustry, NEL 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.
NEL ASA's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, NEL ASA's Days Inventory distribution charts can be found below:
* The bar in red indicates where NEL ASA's Days Inventory falls into.
NEL ASA Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
NEL ASA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
NEL ASA (OSTO:NELo) 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.
NEL ASA's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
NEL ASA's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
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.
NEL ASA Days Inventory Related Terms
Thank you for viewing the detailed overview of NEL ASA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Fueling and Electroiyser. It generates maximum revenue from the Electroiyser segment.
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