Nosa Plugs (OSTO:NOSA) Days Inventory : 259.16 (As of Mar. 2024)

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What is Nosa Plugs Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nosa Plugs's Average Total Inventories for the three months ended in Mar. 2024 was kr2.85 Mil. Nosa Plugs's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1.00 Mil. Hence, Nosa Plugs's Days Inventory for the three months ended in Mar. 2024 was 259.16.

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

OSTO:NOSA' s Days Inventory Range Over the Past 10 Years
Min: 250.25 Med: 350.99 Max: 434.21
Current: 250.25

During the past 9 years, Nosa Plugs's highest Days Inventory was 434.21. The lowest was 250.25. And the median was 350.99.

OSTO:NOSA's Days Inventory is ranked worse than
65.73% of 779 companies
in the Medical Devices & Instruments industry
Industry Median: 193.31 vs OSTO:NOSA: 250.25

Nosa Plugs's Days Inventory declined from Mar. 2023 (351.22) to Mar. 2024 (259.16).

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. Nosa Plugs's Inventory Turnover for the three months ended in Mar. 2024 was 0.35.

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. Nosa Plugs's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.01.

Nosa Plugs Days Inventory Historical Data

The historical data trend for Nosa Plugs'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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Nosa Plugs Days Inventory Chart

Nosa Plugs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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434.21

267.76

Nosa Plugs 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															351.22	243.28	335.07	187.38	259.16

Competitive Comparison of Nosa Plugs's Days Inventory

For the Medical Devices subindustry, Nosa Plugs'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.

Nosa Plugs's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nosa Plugs's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nosa Plugs's Days Inventory falls into.

Nosa Plugs Days Inventory Calculation

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

Nosa Plugs'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
=	( (2.472	+	2.622)	/	2 )	/	3.472	*	365
=	2.547					/	3.472	*	365
=	267.76

Nosa Plugs'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
=	( (2.622	+	3.081)	/	2 )	/	1.004	*	365 / 4
=	2.8515					/	1.004	*	365 / 4
=	259.16

Nosa Plugs (OSTO:NOSA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.004	/	2.8515
	=	0.35

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.8515	/	2.821
	=	1.01

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.

Nosa Plugs Days Inventory Related Terms

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

Nosa Plugs (OSTO:NOSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nosa Plugs (OSTO:NOSA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Observatoriegatan 5, Stockholm, SWE, 113 29

Website

https://www.nosaplugs.com

Nosa Plugs is a Swedish medical technology company. It is a world-leading supplier of nasal protection and nasal filters. With the vision to improve the breathing experience for everyone, NOSA offers a product portfolio consisting of odor protection, nasal filters against allergens and nasal protection that reduces viruses and bacteria.

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