Nuran Wireless (XCNQ:NUR) Days Inventory : 507.21 (As of Sep. 2023)

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What is Nuran Wireless Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nuran Wireless's Average Total Inventories for the three months ended in Sep. 2023 was C$4.95 Mil. Nuran Wireless's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.89 Mil. Hence, Nuran Wireless's Days Inventory for the three months ended in Sep. 2023 was 507.21.

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: 217.78 Max: 901.24
Current: 901.24

During the past 8 years, Nuran Wireless's highest Days Inventory was 901.24. The lowest was 102.45. And the median was 217.78.

XCNQ:NUR's Days Inventory is ranked worse than
98.55% of 2407 companies
in the Hardware industry
Industry Median: 103.77 vs XCNQ:NUR: 901.24

Nuran Wireless's Days Inventory declined from Jun. 2022 (3,646.35) to Sep. 2023 (507.21).

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. 2023 was 0.18.

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. 2023 was 6.21.

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.

* Premium members only.

Nuran Wireless Days Inventory Chart

Nuran Wireless Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec22

Days Inventory

Get a 7-Day Free Trial

192.03

236.14

536.10

237.48

401.95

Nuran Wireless Quarterly Data
	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															3,646.35	1,239.85	695.50	939.46	507.21

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. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2020 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.331	+	4.913)	/	2 )	/	2.835	*	365
=	3.122					/	2.835	*	365
=	401.95

Nuran Wireless's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (5.053	+	4.841)	/	2 )	/	0.89	*	365 / 4
=	4.947					/	0.89	*	365 / 4
=	507.21

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. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.89	/	4.947
	=	0.18

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. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.947	/	0.797
	=	6.21

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 (XCNQ:NUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nuran Wireless Inc (XCNQ:NUR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NRRWF:USA 1RNA:Germany

Address

2150 Cyrille-Duquet Street, Suite 100, Quebec, QC, CAN, G1N 2G3

Website

https://www.nuranwireless.com

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 followed by Canada and so on.

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