Nightcap (LSE:NGHT) Days Inventory : 34.86 (As of Dec. 2023)

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What is Nightcap Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nightcap's Average Total Inventories for the six months ended in Dec. 2023 was £1.35 Mil. Nightcap's Cost of Goods Sold for the six months ended in Dec. 2023 was £7.04 Mil. Hence, Nightcap's Days Inventory for the six months ended in Dec. 2023 was 34.86.

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

LSE:NGHT' s Days Inventory Range Over the Past 10 Years
Min: 22.08 Med: 41.03 Max: 60.49
Current: 39.82

During the past 4 years, Nightcap's highest Days Inventory was 60.49. The lowest was 22.08. And the median was 41.03.

LSE:NGHT's Days Inventory is ranked worse than
79.46% of 336 companies
in the Restaurants industry
Industry Median: 15.515 vs LSE:NGHT: 39.82

Nightcap's Days Inventory increased from Dec. 2022 (30.31) to Dec. 2023 (34.86). It might indicate that Nightcap's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nightcap's Inventory Turnover for the six months ended in Dec. 2023 was 5.24.

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. Nightcap's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.04.

Nightcap Days Inventory Historical Data

The historical data trend for Nightcap'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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Nightcap Days Inventory Chart

Nightcap Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Days Inventory

47.53

60.49

22.08

34.53

Nightcap Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			26.04	26.56	30.31	46.20	34.86

Competitive Comparison of Nightcap's Days Inventory

For the Restaurants subindustry, Nightcap'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.

Nightcap's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Nightcap's Days Inventory distribution charts can be found below:

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

Nightcap Days Inventory Calculation

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

Nightcap's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.554	+	1.154)	/	2 )	/	9.028	*	365
=	0.854					/	9.028	*	365
=	34.53

Nightcap'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
=	( (1.154	+	1.537)	/	2 )	/	7.044	*	365 / 2
=	1.3455					/	7.044	*	365 / 2
=	34.86

Nightcap (LSE:NGHT) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.044	/	1.3455
	=	5.24

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.3455	/	33.369
	=	0.04

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.

Nightcap Days Inventory Related Terms

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

Nightcap (LSE:NGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Nightcap PLC (LSE:NGHT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/O Locke Lord (UK) LLP, 201 Bishopsgate, London, GBR, EC2M 3AB

Website

https://www.nightcapplc.com

Nightcap PLC operates cocktail-bars. It focuses on the hospitality industry and in consumer preferences. It acquires, recapitalizes and develops drinks-led concepts with potential across the UK.