Nuvve Holding (Nuvve Holding) Days Inventory : 1,073.13 (As of Mar. 2024)

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What is Nuvve Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nuvve Holding's Average Total Inventories for the three months ended in Mar. 2024 was $5.99 Mil. Nuvve Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.51 Mil. Hence, Nuvve Holding's Days Inventory for the three months ended in Mar. 2024 was 1,073.13.

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

NVVE' s Days Inventory Range Over the Past 10 Years
Min: 455.95 Med: 861.39 Max: 1108.85
Current: 457.41

During the past 4 years, Nuvve Holding's highest Days Inventory was 1108.85. The lowest was 455.95. And the median was 861.39.

NVVE's Days Inventory is ranked worse than
94.02% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.87 vs NVVE: 457.41

Nuvve Holding's Days Inventory increased from Mar. 2023 (674.04) to Mar. 2024 (1,073.13). It might indicate that Nuvve Holding's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nuvve Holding's Inventory Turnover for the three months ended in Mar. 2024 was 0.09.

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. Nuvve Holding's Inventory-to-Revenue for the three months ended in Mar. 2024 was 8.60.

Nuvve Holding Days Inventory Historical Data

The historical data trend for Nuvve Holding'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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Nuvve Holding Days Inventory Chart

Nuvve Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

737.01

1,108.85

985.77

455.95

Nuvve Holding Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial												674.04	443.65	299.73	496.99	1,073.13

Competitive Comparison of Nuvve Holding's Days Inventory

For the Specialty Retail subindustry, Nuvve Holding'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.

Nuvve Holding's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nuvve Holding's Days Inventory distribution charts can be found below:

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

Nuvve Holding Days Inventory Calculation

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

Nuvve Holding'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
=	( (11.552	+	5.889)	/	2 )	/	6.981	*	365
=	8.7205					/	6.981	*	365
=	455.95

Nuvve Holding's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (5.889	+	6.083)	/	2 )	/	0.509	*	365 / 4
=	5.986					/	0.509	*	365 / 4
=	1,073.13

Nuvve Holding (NAS:NVVE) 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.

Nuvve Holding's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.509	/	5.986
	=	0.09

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.

Nuvve Holding's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.986	/	0.696
	=	8.60

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.

Nuvve Holding Days Inventory Related Terms

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

Nuvve Holding (Nuvve Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nuvve Holding Corp (NAS:NVVE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2488 Historic Decatur Road, Suite 200, San Diego, CA, USA, 92106

Website

https://www.nuvve.com

Nuvve Holding Corp is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. It helps to support the integration of renewable energy sources, including solar and wind. Its Grid Integrated Vehicle (GIV) platform is refueling the next generation of electric vehicle fleets through bidirectional charging solutions.

Executives

David Robson	officer: Chief Financial Officer	FARMER BROS.CO., 1912 FARMER BROTHERS DR, NORTHLAKE TX 76262
Gregory Poilasne	director, officer: Chief Executive Officer	C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106
Stonepeak Gp Investors Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Upper Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Manager Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Ted C. Smith	director, officer: President & COO	C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106
Lande Rashida La	director	C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Stonepeak Rocket Holdings Ii Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Iv Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Associates Iv Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Evolve Transition Infrastructure Lp	10 percent owner	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Stonepeak Rocket Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Rocket Upper Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Manager Llc	10 percent owner	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Michael B. Dorrell	10 percent owner	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001