Neurones (XPAR:NRO) Days Inventory : 1.30 (As of Dec. 2023)

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What is Neurones Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Neurones's Average Total Inventories for the six months ended in Dec. 2023 was €1.0 Mil. Neurones's Cost of Goods Sold for the six months ended in Dec. 2023 was €140.4 Mil. Hence, Neurones's Days Inventory for the six months ended in Dec. 2023 was 1.30.

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

XPAR:NRO' s Days Inventory Range Over the Past 10 Years
Min: 0.29 Med: 0.78 Max: 1.2
Current: 1.01

During the past 13 years, Neurones's highest Days Inventory was 1.20. The lowest was 0.29. And the median was 0.78.

XPAR:NRO's Days Inventory is ranked better than
87.25% of 1561 companies
in the Software industry
Industry Median: 19.5 vs XPAR:NRO: 1.01

Neurones's Days Inventory increased from Dec. 2022 (1.16) to Dec. 2023 (1.30). It might indicate that Neurones's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Neurones's Inventory Turnover for the six months ended in Dec. 2023 was 140.42.

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. Neurones's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Neurones Days Inventory Historical Data

The historical data trend for Neurones'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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Neurones Days Inventory Chart

Neurones Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.58

0.88

1.20

0.89

0.68

Neurones Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															2.08	1.58	1.16	1.05	1.30

Competitive Comparison of Neurones's Days Inventory

For the Information Technology Services subindustry, Neurones'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.

Neurones's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Neurones's Days Inventory distribution charts can be found below:

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

Neurones Days Inventory Calculation

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

Neurones'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
=	( (0.353	+	0.709)	/	2 )	/	283.665	*	365
=	0.531					/	283.665	*	365
=	0.68

Neurones'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.291	+	0.709)	/	2 )	/	140.423	*	365 / 2
=	1					/	140.423	*	365 / 2
=	1.30

Neurones (XPAR:NRO) 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.

Neurones's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	140.423	/	1
	=	140.42

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.

Neurones's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1	/	372.483
	=	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.

Neurones Days Inventory Related Terms

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

Neurones (XPAR:NRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neurones (XPAR:NRO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NE9:Germany

Address

Immeuble Le Clemenceau 1 - 205, Avenue Georges Clemenceau, Nanterre Cedex, Paris, FRA, 92024

Website

https://www.neurones.net

Neurones SA is a France-based technology sector company. Its core business involves the provision of Information Technology (IT) services catering to the needs of hardware, software, and consulting. Its operations are thereby divided into three segments: Infrastructure Services, Application Services, and Consulting. The Infrastructure segment is the strongest revenue driver through the provision of such services as IT operations, IT service management, systems and network, server, application, and workstation outsourcing. Its second most profitable business is carried out through the Application segment, which entails SAP, Web and decision support, social media, data analysis.