Nomad Foods (Nomad Foods) Days Inventory : 75.57 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Nomad Foods Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nomad Foods's Average Total Inventories for the three months ended in Dec. 2023 was $500 Mil. Nomad Foods's Cost of Goods Sold for the three months ended in Dec. 2023 was $603 Mil. Hence, Nomad Foods's Days Inventory for the three months ended in Dec. 2023 was 75.57.

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

NOMD' s Days Inventory Range Over the Past 10 Years
Min: 66.56 Med: 76.89 Max: 87.44
Current: 78.61

During the past 11 years, Nomad Foods's highest Days Inventory was 87.44. The lowest was 66.56. And the median was 76.89.

NOMD's Days Inventory is ranked better than
52.04% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs NOMD: 78.61

Nomad Foods's Days Inventory declined from Dec. 2022 (76.00) to Dec. 2023 (75.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Nomad Foods's Inventory Turnover for the three months ended in Dec. 2023 was 1.21.

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. Nomad Foods's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.60.

Nomad Foods Days Inventory Historical Data

The historical data trend for Nomad Foods'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.

* Premium members only.

Nomad Foods Days Inventory Chart

Nomad Foods Annual Data

Trend

Dec14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

75.62

66.56

76.56

76.89

74.34

Nomad Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															76.00	78.30	82.97	81.18	75.57

Competitive Comparison of Nomad Foods's Days Inventory

For the Packaged Foods subindustry, Nomad Foods'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.

Nomad Foods's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nomad Foods's Days Inventory distribution charts can be found below:

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

Nomad Foods Days Inventory Calculation

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

Nomad Foods'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
=	( (484.216	+	486.805)	/	2 )	/	2383.642	*	365
=	485.5105					/	2383.642	*	365
=	74.34

Nomad Foods'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (512.273	+	486.805)	/	2 )	/	603.163	*	365 / 4
=	499.539					/	603.163	*	365 / 4
=	75.57

Nomad Foods (NYSE:NOMD) 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.

Nomad Foods's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	603.163	/	499.539
	=	1.21

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.

Nomad Foods's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	499.539	/	829.662
	=	0.60

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.

Nomad Foods Days Inventory Related Terms

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

Nomad Foods (Nomad Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nomad Foods Ltd (NYSE:NOMD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NOMD:Mexico 0NH:Germany

Address

No. 1 New Square, Bedfont Lakes Business Park, Feltham, Middlesex, GBR, TW14 8HA

Website

https://www.nomadfoods.com

Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, and ready meals. It sells its products primarily through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.