Days Inventory is also known as Days Sales of Inventory (DSI). Nerds On Site's Average Total Inventories for the
three
months ended in Feb. 2024 was C$0.09 Mil. Nerds On Site's Cost of Goods Sold for the
three
months ended in Feb. 2024 was C$2.11 Mil.
Hence, Nerds On Site's Days Inventory for the
three
months ended in Feb. 2024 was 3.91.
The historical rank and industry rank for Nerds On Site's Days Inventory or its related term are showing as below:
XCNQ:NERD'
s Days Inventory Range Over the Past 10 Years
Min: 1.41 Med: 3.5 Max: 6.2
Current: 4.69
During the past 8 years, Nerds On Site's highest Days Inventory was 6.20. The lowest was 1.41. And the median was 3.50.
XCNQ:NERD's Days Inventory is ranked better than 71.68% of 1561
companies
in the Software industry
Industry Median: 18.99
vs XCNQ:NERD: 4.69
Nerds On Site's Days Inventory
declined
from Feb. 2023 (7.15) to Feb. 2024 (3.91).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nerds On Site's Inventory Turnover for the
three
months ended in Feb. 2024 was 23.31.
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.
Nerds On Site's Inventory-to-Revenue for the
three
months ended in Feb. 2024 was 0.03.
Nerds On Site Days Inventory Historical Data
The historical data trend for Nerds On Site'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 Nerds On Site's Days Inventory
For the Information Technology Services subindustry, Nerds On Site'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.
Nerds On Site's Days Inventory Distribution in the Software Industry
For the Software industry and Technology sector, Nerds On Site's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nerds On Site's Days Inventory falls into.
Nerds On Site Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nerds On Site's Days Inventory for the fiscal year that ended in May. 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.
Nerds On Site (XCNQ:NERD) 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.
Nerds On Site's Inventory Turnover for the
three
months ended in Feb. 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.
Nerds On Site's Inventory to Revenue for the
three
months ended in Feb. 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.
Nerds On Site Days Inventory Related Terms
Thank you for viewing the detailed overview of Nerds On Site's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nerds On Site Inc provides mobile information technology (IT) support for small to medium-sized enterprises. Its services include computer set-up, network installation, tailored software services, and IT support. The company offers business solutions and residential services. The corporation oversees and retains a network of technically proficient and specially trained independent IT consultants (Consultants) to help clients by providing on-site, effective, consistent, and customized IT solutions. Its revenue is principally derived from service fees charged for consulting services performed by the consultants and the sale of off-the-shelf software, hardware, and related support.
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