Days Inventory is also known as Days Sales of Inventory (DSI). Nuran Wireless's Average Total Inventories for the
three
months ended in Sep. 2024 was C$5.20 Mil. Nuran Wireless's Cost of Goods Sold for the
three
months ended in Sep. 2024 was C$0.80 Mil.
Hence, Nuran Wireless's Days Inventory for the
three
months ended in Sep. 2024 was 594.90.
The historical rank and industry rank for Nuran Wireless's Days Inventory or its related term are showing as below:
XCNQ:NUR'
s Days Inventory Range Over the Past 10 Years
Min: 102.45 Med: 236.14 Max: 857.49
Current: 857.49
During the past 9 years, Nuran Wireless's highest Days Inventory was 857.49. The lowest was 102.45. And the median was 236.14.
XCNQ:NUR's Days Inventory is ranked worse than 98.62% of 2394
companies
in the Hardware industry
Industry Median: 99.695
vs XCNQ:NUR: 857.49
Nuran Wireless's Days Inventory
increased
from Sep. 2023 (496.34) to Sep. 2024 (594.90).
It might indicate that Nuran Wireless's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nuran Wireless's Inventory Turnover for the
three
months ended in Sep. 2024 was 0.15.
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.
Nuran Wireless's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 3.32.
Nuran Wireless Days Inventory Historical Data
The historical data trend for Nuran Wireless'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 Nuran Wireless's Days Inventory
For the Communication Equipment subindustry, Nuran Wireless'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.
Nuran Wireless's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Nuran Wireless's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nuran Wireless's Days Inventory falls into.
Nuran Wireless Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nuran Wireless'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.
Nuran Wireless (XCNQ:NUR) 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.
Nuran Wireless's Inventory Turnover for the
three
months ended in Sep. 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.
Nuran Wireless's Inventory to Revenue for the
three
months ended in Sep. 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.
Nuran Wireless Days Inventory Related Terms
Thank you for viewing the detailed overview of Nuran Wireless's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nuran Wireless Inc is engaged in the Network as a Service (NAAS) business. The group operates in the research, development, manufacturing, marketing and operation of digital electronic circuits and wireless telecommunication products and offers services in the mobile telephony industry. It also provides products and services that help mobile network operators profitably serve off-grid markets that are currently not served. It has two reportable segments NaaS and Direct sales. The majority of the revenue is derived from Africa.
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