NEO Finance AB (OVSE:NEOFI) Days Inventory : 0.23 (As of Mar. 2024)

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What is NEO Finance AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NEO Finance AB's Average Total Inventories for the three months ended in Mar. 2024 was €0.00 Mil. NEO Finance AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.80 Mil. Hence, NEO Finance AB's Days Inventory for the three months ended in Mar. 2024 was 0.23.

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

OVSE:NEOFI' s Days Inventory Range Over the Past 10 Years
Min: 0.31 Med: 0.31 Max: 0.31
Current: 0.31

During the past 7 years, NEO Finance AB's highest Days Inventory was 0.31. The lowest was 0.31. And the median was 0.31.

OVSE:NEOFI's Days Inventory is ranked better than
96.08% of 102 companies
in the Credit Services industry
Industry Median: 42.195 vs OVSE:NEOFI: 0.31

NEO Finance AB's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (0.23). It might indicate that NEO Finance AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. NEO Finance AB's Inventory Turnover for the three months ended in Mar. 2024 was 401.50.

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. NEO Finance AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

NEO Finance AB Days Inventory Historical Data

The historical data trend for NEO Finance AB'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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NEO Finance AB Days Inventory Chart

NEO Finance AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.31

NEO Finance AB Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial													-	-	-	0.24	0.23

Competitive Comparison of NEO Finance AB's Days Inventory

For the Credit Services subindustry, NEO Finance AB'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.

NEO Finance AB's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, NEO Finance AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where NEO Finance AB's Days Inventory falls into.

NEO Finance AB Days Inventory Calculation

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

NEO Finance AB'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
=	( (0	+	0.002)	/	1 )	/	2.34	*	365
=	0.002					/	2.34	*	365
=	0.31

NEO Finance AB'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
=	( (0.002	+	0)	/	1 )	/	0.803	*	365 / 4
=	0.002					/	0.803	*	365 / 4
=	0.23

NEO Finance AB (OVSE:NEOFI) 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.

NEO Finance AB's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.803	/	0.002
	=	401.50

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.

NEO Finance AB's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.002	/	1.481
	=	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.

NEO Finance AB Days Inventory Related Terms

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

NEO Finance AB (OVSE:NEOFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » NEO Finance AB (OVSE:NEOFI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

A. Vivulskio Street 7, Vilnius, LTU, LT-03162

Website

https://www.neofinance.com

NEO Finance AB is engaged in peer-to-peer lending services. It owns and operates a Peer-to-peer lending platform that enables retail Lenders to lend money directly to retail borrowers. The company generates its revenues via the lending platform in two main ways: intermediary fee charged from borrowers on installments made and by interest made by co-investing with lenders.

NEO Finance AB (OVSE:NEOFI) Headlines

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