Novus Holdings (JSE:NVS) Days Inventory : 98.58 (As of Sep. 2023)

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What is Novus Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Novus Holdings's Average Total Inventories for the six months ended in Sep. 2023 was R778 Mil. Novus Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was R1,441 Mil. Hence, Novus Holdings's Days Inventory for the six months ended in Sep. 2023 was 98.58.

The historical rank and industry rank for Novus Holdings's Days Inventory or its related term are showing as below:

JSE:NVS' s Days Inventory Range Over the Past 10 Years
Min: 37.99 Med: 53.33 Max: 105.25
Current: 105.25

During the past 10 years, Novus Holdings's highest Days Inventory was 105.25. The lowest was 37.99. And the median was 53.33.

JSE:NVS's Days Inventory is ranked worse than
75.15% of 680 companies
in the Business Services industry
Industry Median: 30.305 vs JSE:NVS: 105.25

Novus Holdings's Days Inventory increased from Sep. 2022 (97.30) to Sep. 2023 (98.58). It might indicate that Novus Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Novus Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 1.85.

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. Novus Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.38.

Novus Holdings Days Inventory Historical Data

The historical data trend for Novus Holdings'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.

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Novus Holdings Days Inventory Chart

Novus Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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62.85

64.32

63.26

59.78

87.18

Novus Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															59.77	71.96	97.30	111.80	98.58

Competitive Comparison of Novus Holdings's Days Inventory

For the Specialty Business Services subindustry, Novus Holdings'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.

Novus Holdings's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Novus Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Novus Holdings's Days Inventory falls into.

Novus Holdings Days Inventory Calculation

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

Novus Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (437.223	+	802.446)	/	2 )	/	2595.234	*	365
=	619.8345					/	2595.234	*	365
=	87.18

Novus Holdings'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
=	( (802.446	+	754.241)	/	2 )	/	1441	*	365 / 2
=	778.3435					/	1441	*	365 / 2
=	98.58

Novus Holdings (JSE:NVS) 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.

Novus Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1441	/	778.3435
	=	1.85

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.

Novus Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	778.3435	/	2022.284
	=	0.38

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.

Novus Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Novus Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Novus Holdings (JSE:NVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Novus Holdings Ltd (JSE:NVS) » Definitions » Days Inventory

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Traded in Other Exchanges

N09:Germany

Address

10 Freedom Way, Marconi Beam, Montague Gardens, Milnerton, Cape Town, WC, ZAF, 7441

Website

https://www.novus.holdings

Novus Holdings Ltd services South Africa and the African continent through its print production of all short to long-run requirements of educational materials, magazines, retail inserts, catalogs, books, newspapers, and commercial work, as well as security and digital printing. The company's reportable segment comprises Printing, Education, and Packaging where printing includes gravure, headset, coldest, sheet-fed, and digital, education contains educational content and packaging includes labels and flexible packaging. Other includes non-print or packaging products. The Majority of the firm's revenue is derived from the Printing segment.