Nortech Days Of Inventory On Hand from 2010 to 2024

NSYS Stock  USD 10.61  0.50  4.95%   
Nortech Systems Days Of Inventory On Hand yearly trend continues to be comparatively stable with very little volatility. Days Of Inventory On Hand is likely to outpace its year average in 2024. From the period from 2010 to 2024, Nortech Systems Days Of Inventory On Hand quarterly data regression had r-value of  0.11 and coefficient of variation of  12.13. View All Fundamentals
 
Days Of Inventory On Hand  
First Reported
2010-12-31
Previous Quarter
68.02061465
Current Value
85.03
Quarterly Volatility
8.19059946
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Nortech Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nortech Systems' main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.8 M, Interest Expense of 579 K or Total Revenue of 92.6 M, as well as many indicators such as Price To Sales Ratio of 0.26, Dividend Yield of 0.0 or PTB Ratio of 1.12. Nortech financial statements analysis is a perfect complement when working with Nortech Systems Valuation or Volatility modules.
  
Check out the analysis of Nortech Systems Correlation against competitors.

Latest Nortech Systems' Days Of Inventory On Hand Growth Pattern

Below is the plot of the Days Of Inventory On Hand of Nortech Systems Incorporated over the last few years. It is Nortech Systems' Days Of Inventory On Hand historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nortech Systems' overall financial position and show how it may be relating to other accounts over time.
Days Of Inventory On Hand10 Years Trend
Pretty Stable
   Days Of Inventory On Hand   
       Timeline  

Nortech Days Of Inventory On Hand Regression Statistics

Arithmetic Mean67.52
Geometric Mean67.04
Coefficient Of Variation12.13
Mean Deviation5.31
Median68.20
Standard Deviation8.19
Sample Variance67.09
Range34.7988
R-Value0.11
Mean Square Error71.31
R-Squared0.01
Significance0.69
Slope0.21
Total Sum of Squares939.20

Nortech Days Of Inventory On Hand History

2024 85.03
2023 68.02
2022 72.07
2021 71.43
2020 53.11
2019 50.23
2018 62.03

About Nortech Systems Financial Statements

Nortech Systems shareholders use historical fundamental indicators, such as Days Of Inventory On Hand, to determine how well the company is positioned to perform in the future. Although Nortech Systems investors may analyze each financial statement separately, they are all interrelated. The changes in Nortech Systems' assets and liabilities, for example, are also reflected in the revenues and expenses on on Nortech Systems' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 68.02  85.03 

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Additional Tools for Nortech Stock Analysis

When running Nortech Systems' price analysis, check to measure Nortech Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nortech Systems is operating at the current time. Most of Nortech Systems' value examination focuses on studying past and present price action to predict the probability of Nortech Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortech Systems' price. Additionally, you may evaluate how the addition of Nortech Systems to your portfolios can decrease your overall portfolio volatility.