Days Inventory is also known as Days Sales of Inventory (DSI). Nordic Group's Average Total Inventories for the
six
months ended in Dec. 2023 was S$21.0 Mil. Nordic Group's Cost of Goods Sold for the
six
months ended in Dec. 2023 was S$56.9 Mil.
Hence, Nordic Group's Days Inventory for the
six
months ended in Dec. 2023 was 67.37.
The historical rank and industry rank for Nordic Group's Days Inventory or its related term are showing as below:
SGX:MR7'
s Days Inventory Range Over the Past 10 Years
Min: 51.25 Med: 61.54 Max: 67.5
Current: 60.19
During the past 13 years, Nordic Group's highest Days Inventory was 67.50. The lowest was 51.25. And the median was 61.54.
SGX:MR7's Days Inventory is ranked worse than 55.16% of 1394
companies
in the Construction industry
Industry Median: 48.67
vs SGX:MR7: 60.19
Nordic Group's Days Inventory
increased
from Dec. 2022 (57.60) to Dec. 2023 (67.37).
It might indicate that Nordic Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nordic Group's Inventory Turnover for the
six
months ended in Dec. 2023 was 2.71.
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.
Nordic Group's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.29.
Nordic Group Days Inventory Historical Data
The historical data trend for Nordic Group'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 Nordic Group's Days Inventory
For the Engineering & Construction subindustry, Nordic Group'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.
Nordic Group's Days Inventory Distribution in the Construction Industry
For the Construction industry and Industrials sector, Nordic Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nordic Group's Days Inventory falls into.
Nordic Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nordic Group'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.
Nordic Group (SGX:MR7) 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.
Nordic Group's Inventory Turnover for the
six
months ended in Dec. 2023 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.
Nordic Group's Inventory to Revenue for the
six
months 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.
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.
Nordic Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Nordic Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nordic Group Ltd is an investment holding company. Its operating business segments include Project Services, Maintenance Services, and Others. The company generates maximum revenue from the Maintenance services segment. Its Maintenance Services segment includes maintenance and repair services, trading and supply of material, spare parts and components. The Project services segment includes projects that require engineering, procurement, design, construction, machining, scaffolding works, insulation services, and passive fireproofing services. Geographically, Singapore derives the vast majority of its revenue.
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