Novation (Novation) Days Inventory : 0.00 (As of Sep. 2021)

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What is Novation Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Novation's Average Total Inventories for the three months ended in Sep. 2021 was $0.00 Mil. Novation's Cost of Goods Sold for the three months ended in Sep. 2021 was $8.79 Mil. Hence, Novation's Days Inventory for the three months ended in Sep. 2021 was 0.00.

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

NOVCQ's Days Inventory is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 32.575
* Ranked among companies with meaningful Days Inventory only.

Novation's Days Inventory stayed the same from Sep. 2020 (0.00) to Sep. 2021 (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. Novation's Inventory-to-Revenue for the three months ended in Sep. 2021 was 0.00.

Novation Days Inventory Historical Data

The historical data trend for Novation'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.

Novation Days Inventory Chart

Novation Annual Data

Trend

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Days Inventory

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Novation Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Novation's Days Inventory

For the Medical Care Facilities subindustry, Novation'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.

Novation's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Novation's Days Inventory distribution charts can be found below:

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

Novation Days Inventory Calculation

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

Novation's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	45.819	*	365
=	0					/	45.819	*	365
=	0.00

Novation's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	8.794	*	365 / 4
=	0					/	8.794	*	365 / 4
=	0.00

Novation (OTCPK:NOVCQ) 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.

Novation's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.794	/	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.

Novation's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	9.943
	=	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.

Novation Days Inventory Related Terms

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

Novation (Novation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Novation Companies Inc (OTCPK:NOVCQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

9229 Ward Parkway, Suite 340, Kansas City, MO, USA, 64114

Website

http://novationcompanies.com

Novation Companies Inc provides outsourced health care staffing and related services in the State of Georgia. Services are performed by medical staff on-site at the company's clients' facilities.

Executives

Lee D Keddie	director	1110 W. LAKE COOK ROAD SUITE 220 BUFFALO GROVE IL 60089
David William Pointer	director, officer: Chief Executive Officer	PO BOX 402, NEWMAN LAKE WA 99025
Howard Amster	director	23811 CHAGRIN BLVD # 200, BEACHWOOD OH 44122-5525
Barry Igdaloff	director
Howard Timothy Eriksen	director	567 WILDROSE CIRCLE, LYNDEN WA 98264
Jeffrey E. Eberwein	director, officer: Executive Chairman	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Charles M Gillman	director	1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Robert G. Pearse	director	100 CANAL POINTE BLVD., SUITE 108, PRINCETON NJ 08540
Carolyn K. Campbell	officer: Chief Financial Officer	C/O NOVATION COMPANIES, INC. 500 GRAND BOULEVARD, SUITE 201B KANSAS CITY MO 64106
Richard Rector	other: See Remarks	C/O NOVATION COMPANIES, INC. 500 GRAND BOULEVARD, SUITE 201B KANSAS CITY MO 64106
W Lance Anderson	officer: President and COO	2114 CENTRAL ST STE 600 KANSAS CITY MO 64108
Gregory T Barmore	director	C/O NOVASTAR FINANCIAL INC, 8140 WARD PARKWAY, STE 300, KANSAS CITY MO 64114
Steve M Haslam	officer: Chief Operating Officer	2114 CENTRAL STREET SUITE 600 KANSAS CITY MO 64108
Edward W Mehrer	director	C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114
Art N Burtscher	director	C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114

Novation (Novation) Headlines

From GuruFocus

Novation Companies Announces Date of 2018 Annual Meeting of Shareholders

By PRNewswire PRNewswire • 08-02-2018