Novonesis AS (Novonesis AS) Change In Inventory : $20 Mil (TTM As of Dec. 2023)

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What is Novonesis AS Change In Inventory?

Novonesis AS's change in inventory for the quarter that ended in Dec. 2023 was $32 Mil. It means Novonesis AS's inventory declined by $32 Mil from Sep. 2023 to Dec. 2023 .

Novonesis AS's change in inventory for the fiscal year that ended in Dec. 2023 was $20 Mil. It means Novonesis AS's inventory declined by $20 Mil from Dec. 2022 to Dec. 2023 .

Novonesis AS's Total Inventories for the quarter that ended in Dec. 2023 was $531 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novonesis AS's Days Inventory for the quarter that ended in Dec. 2023 was 159.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. Novonesis AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

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. Novonesis AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.81.

Novonesis AS Change In Inventory Historical Data

The historical data trend for Novonesis AS's Change In 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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Novonesis AS Change In Inventory Chart

Novonesis AS Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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32.43

29.60

-84.49

-112.06

20.19

Novonesis AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-16.09	-8.92	-17.32	14.74	31.60

Novonesis AS Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $20 Mil.

Novonesis AS (OTCPK:NVZMY) Change In Inventory Explanation

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

Novonesis AS's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	542.821	/	309.885	*	365 / 4
	=	159.84

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Novonesis AS's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	309.885	/	542.821
	=	0.57

3. 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.

Novonesis AS's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	542.821	/	673.465
	=	0.81

Novonesis AS Change In Inventory Related Terms

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Novonesis AS (Novonesis AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Novonesis AS (OTCPK:NVZMY) » Definitions » Change In Inventory

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Traded in Other Exchanges

NVZMF:USA NZYM:Mexico NZYMBc:UK 0Q4U:UK NZYM B:Denmark NZM2:Germany

Address

Krogshoejvej 36, Bagsvaerd, DNK, 2880

Website

https://www.novozymes.com

Novozymes is the world leader in industrial enzymes. In recent years, the company has expanded into micro-organisms, primarily for agricultural markets. The firm supplies five major industry groups: household care, food and beverages, bioenergy, agriculture and feed, and technical and pharma. Its biological solutions create value for its customers by improving yield efficiency and performance, while saving energy and generating less waste. The company is headquartered in Denmark.

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