Nova Average Inventory from 2010 to 2024

NVFY Stock  USD 0.49  0.01  2.00%   
Nova Lifestyle Average Inventory yearly trend continues to be fairly stable with very little volatility. Average Inventory will likely drop to about 3.4 M in 2024. Average Inventory is the average amount of inventory Nova Lifestyle I holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels. View All Fundamentals
 
Average Inventory  
First Reported
2010-12-31
Previous Quarter
3.6 M
Current Value
3.4 M
Quarterly Volatility
9.5 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Nova Lifestyle financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nova Lifestyle's main balance sheet or income statement drivers, such as Interest Expense of 1.8 M, Selling General Administrative of 6.1 M or Total Revenue of 10.5 M, as well as many indicators such as Price To Sales Ratio of 0.74, Dividend Yield of 0.0 or PTB Ratio of 12.41. Nova financial statements analysis is a perfect complement when working with Nova Lifestyle Valuation or Volatility modules.
  
Check out the analysis of Nova Lifestyle Correlation against competitors.

Latest Nova Lifestyle's Average Inventory Growth Pattern

Below is the plot of the Average Inventory of Nova Lifestyle I over the last few years. It is the average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels. Nova Lifestyle's Average Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nova Lifestyle's overall financial position and show how it may be relating to other accounts over time.
Average Inventory10 Years Trend
Slightly volatile
   Average Inventory   
       Timeline  

Nova Average Inventory Regression Statistics

Arithmetic Mean9,161,256
Geometric Mean5,529,615
Coefficient Of Variation103.73
Mean Deviation7,745,179
Median4,433,448
Standard Deviation9,503,010
Sample Variance90.3T
Range30.3M
R-Value0.48
Mean Square Error75.3T
R-Squared0.23
Significance0.07
Slope1,009,731
Total Sum of Squares1264.3T

Nova Average Inventory History

20243.4 M
20233.6 M
202211.3 M
202125.2 M
202031.3 M
201818 M

About Nova Lifestyle Financial Statements

Nova Lifestyle investors use historical fundamental indicators, such as Nova Lifestyle's Average Inventory, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Nova Lifestyle. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Average Inventory3.6 M3.4 M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Nova Stock Analysis

When running Nova Lifestyle's price analysis, check to measure Nova Lifestyle's 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 Nova Lifestyle is operating at the current time. Most of Nova Lifestyle's value examination focuses on studying past and present price action to predict the probability of Nova Lifestyle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Lifestyle's price. Additionally, you may evaluate how the addition of Nova Lifestyle to your portfolios can decrease your overall portfolio volatility.