Northcoders Group (LSE:CODE) Days Inventory : 0.00 (As of Dec. 2023)

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What is Northcoders Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Northcoders Group's Average Total Inventories for the six months ended in Dec. 2023 was £0.00 Mil. Northcoders Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £1.39 Mil. Hence, Northcoders Group's Days Inventory for the six months ended in Dec. 2023 was 0.00.

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

LSE:CODE's Days Inventory is not ranked ^*
in the Education industry.
Industry Median: 8.13
* Ranked among companies with meaningful Days Inventory only.

Northcoders Group's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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. Northcoders Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Northcoders Group Days Inventory Historical Data

The historical data trend for Northcoders 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.

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Northcoders Group Days Inventory Chart

Northcoders Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Northcoders Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					-	-	-	-	-

Competitive Comparison of Northcoders Group's Days Inventory

For the Education & Training Services subindustry, Northcoders 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.

Northcoders Group's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Northcoders Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Northcoders Group's Days Inventory falls into.

Northcoders Group Days Inventory Calculation

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

Northcoders Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2.658	*	365
=	0					/	2.658	*	365
=	0.00

Northcoders Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.389	*	365 / 2
=	0					/	1.389	*	365 / 2
=	0.00

Northcoders Group (LSE:CODE) 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.

Northcoders Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.389	/	0
	=

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.

Northcoders Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	3.652
	=	0.00

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.

Northcoders Group Days Inventory Related Terms

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

Northcoders Group (LSE:CODE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Northcoders Group PLC (LSE:CODE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Oxford Road, Manchester Technology Centre, Lancashire, Manchester, GBR, M1 7ED

Website

https://www.northcodersgroup.com

Northcoders Group PLC is an independent provider of training programs for software coding. It offers a range of training and software development solutions to individual and corporate customers. Its offering includes boot camp training courses, government-funded apprenticeships, bespoke training courses, and software development solutions.

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