Days Inventory is also known as Days Sales of Inventory (DSI). NIO's Average Total Inventories for the
three
months ended in Dec. 2023 was $854 Mil. NIO's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2,216 Mil.
Hence, NIO's Days Inventory for the
three
months ended in Dec. 2023 was 35.14.
The historical rank and industry rank for NIO's Days Inventory or its related term are showing as below:
NIO'
s Days Inventory Range Over the Past 10 Years
Min: 19.36 Med: 45.32 Max: 54.63
Current: 49.54
During the past 8 years, NIO's highest Days Inventory was 54.63. The lowest was 19.36. And the median was 45.32.
NIO's Days Inventory is ranked better than 76.71% of 1258
companies
in the Vehicles & Parts industry
Industry Median: 81.295
vs NIO: 49.54
NIO's Days Inventory
declined
from Dec. 2022 (43.78) to Dec. 2023 (35.14).
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
NIO's Inventory Turnover for the
three
months ended in Dec. 2023 was 2.60.
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.
NIO's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.36.
NIO Days Inventory Historical Data
The historical data trend for NIO'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.
For the Auto Manufacturers subindustry, NIO'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.
NIO's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NIO's Days Inventory distribution charts can be found below:
* The bar in red indicates where NIO's Days Inventory falls into.
NIO Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
NIO'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.
NIO (NYSE:NIO) 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.
NIO's Inventory Turnover for the
three
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.
NIO's Inventory to Revenue for the
three
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.
NIO Days Inventory Related Terms
Thank you for viewing the detailed overview of NIO's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.
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