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No Gravity Development (WAR:NGD) Days Inventory : 474.15 (As of Dec. 2023)


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What is No Gravity Development Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). No Gravity Development's Average Total Inventories for the three months ended in Dec. 2023 was zł0.68 Mil. No Gravity Development's Cost of Goods Sold for the three months ended in Dec. 2023 was zł0.13 Mil. Hence, No Gravity Development's Days Inventory for the three months ended in Dec. 2023 was 474.15.

The historical rank and industry rank for No Gravity Development's Days Inventory or its related term are showing as below:

WAR:NGD' s Days Inventory Range Over the Past 10 Years
Min: 1257.95   Med: 1257.95   Max: 1896.6
Current: 1896.6

During the past 3 years, No Gravity Development's highest Days Inventory was 1896.60. The lowest was 1257.95. And the median was 1257.95.

WAR:NGD's Days Inventory is ranked worse than
97.47% of 237 companies
in the Interactive Media industry
Industry Median: 16.98 vs WAR:NGD: 1896.60

No Gravity Development's Days Inventory increased from . 20 (0.00) to Dec. 2023 (474.15). It might indicate that No Gravity Development'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. No Gravity Development's Inventory Turnover for the three months ended in Dec. 2023 was 0.19.

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. No Gravity Development's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.77.

No Gravity Development Days Inventory Historical Data

The historical data trend for No Gravity Development'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.

No Gravity Development Days Inventory Chart

No Gravity Development Annual Data
Trend Dec21 Dec22 Dec23
Days Inventory
- - 1,257.95

No Gravity Development Quarterly Data
Dec21 Dec22 Dec23
Days Inventory - 1,145.78 474.15

Competitive Comparison of No Gravity Development's Days Inventory

For the Electronic Gaming & Multimedia subindustry, No Gravity Development'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.

No Gravity Development's Days Inventory Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, No Gravity Development's Days Inventory distribution charts can be found below:

* The bar in red indicates where No Gravity Development's Days Inventory falls into.


No Gravity Development Days Inventory Calculation

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

No Gravity Development'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
=( (0.788 + 0.563) / 2 ) / 0.196*365
=0.6755 / 0.196*365
=1,257.95

No Gravity Development'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: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.788 + 0.563) / 2 ) / 0.13*365 / 4
=0.6755 / 0.13*365 / 4
=474.15

* 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.

No Gravity Development  (WAR:NGD) 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.

No Gravity Development's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.13 / 0.6755
=0.19

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.

No Gravity Development's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.6755 / 0.382
=1.77

* 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.

No Gravity Development Days Inventory Related Terms

Thank you for viewing the detailed overview of No Gravity Development's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

No Gravity Development (WAR:NGD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » No Gravity Development SA (WAR:NGD) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
ul. Dzika 15/13, Warszawa, POL, 00-172
Website
https://nogravitydevelopment.com
No Gravity Development SA operates as an independent development studio created by the listed computer game publisher No Gravity Games SA. It specializes mainly in porting (transferring from one hardware platform to another) games while maintaining the highest quality standards, with particular emphasis on console platforms, i.e. Nintendo Switch, Xbox One, Xbox Series, PlayStation 4, and PlayStation 5.