The historical rank and industry rank for nVent Electric's Days Inventory or its related term are showing as below:
NVT'
s Days Inventory Range Over the Past 10 Years
Min: 57.65 Med: 65.69 Max: 79.58
Current: 79.58
During the past 9 years, nVent Electric's highest Days Inventory was 79.58. The lowest was 57.65. And the median was 65.69.
NVT's Days Inventory is ranked better than 73.49% of 2905
companies
in the Industrial Products industry
Industry Median: 120.1
vs NVT: 79.58
nVent Electric's Days Inventory
increased
from Dec. 2022 (73.12) to Dec. 2023 (81.48).
It might indicate that nVent Electric's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
nVent Electric's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.12.
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.
nVent Electric's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.53.
nVent Electric Days Inventory Historical Data
The historical data trend for nVent Electric'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.
Competitive Comparison of nVent Electric's Days Inventory
For the Electrical Equipment & Parts subindustry, nVent Electric'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.
nVent Electric's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, nVent Electric's Days Inventory distribution charts can be found below:
* The bar in red indicates where nVent Electric's Days Inventory falls into.
nVent Electric Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
nVent Electric'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.
nVent Electric (NYSE:NVT) 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.
nVent Electric'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.
nVent Electric'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.
nVent Electric Days Inventory Related Terms
Thank you for viewing the detailed overview of nVent Electric's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
nVent Electric (nVent Electric) Business Description
nVent Electric PLC is a provider of electrical connection and protection solutions. The company segments include Enclosures, Thermal Management, and Electrical and Fastening Solutions. It generates maximum revenue from the Enclosures segment. The Enclosures segment provides inventive solutions that protect, connect and manage heat in critical electronics, communication, control, and power equipment. Geographically, it derives a majority of revenue from the U.S. and Canada. The company serves the Commercial and Residential, Energy, Industrial Solutions, and Infrastructure industries. Its products include Cabinets and Electronic Packaging, Electrical Fasteners, Hangers and Support, Concrete Reinforcing Steel Connections, Data Center and Networking Systems and others.
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