NWF Group (LSE:NWF) Inventory Turnover : 61.79 (As of Nov. 2023)

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What is NWF Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. NWF Group's Cost of Goods Sold for the six months ended in Nov. 2023 was £469.6 Mil. NWF Group's Average Total Inventories for the quarter that ended in Nov. 2023 was £7.6 Mil. NWF Group's Inventory Turnover for the quarter that ended in Nov. 2023 was 61.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NWF Group's Days Inventory for the six months ended in Nov. 2023 was 2.95.

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. NWF Group's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.02.

NWF Group Inventory Turnover Historical Data

The historical data trend for NWF Group's Inventory Turnover 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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NWF Group Inventory Turnover Chart

NWF Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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113.35

125.48

112.87

100.40

116.26

NWF Group Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Inventory Turnover	Get a 7-Day Free Trial															53.12	45.07	53.24	52.51	61.79

NWF Group Inventory Turnover Calculation

NWF Group's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	999.8	/ (	(9.8	+	7.4)	/	2 )
=	999.8	/	8.6
=	116.26

NWF Group's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	469.6	/ (	(7.4	+	7.8)	/	2 )
=	469.6	/	7.6
=	61.79

NWF Group (LSE:NWF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

NWF Group's Days Inventory for the six months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	7.6	/	469.6	*	365 / 2
	=	2.95

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.

NWF Group's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	7.6	/	472.9
	=	0.02

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

NWF Group Inventory Turnover Related Terms

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NWF Group (LSE:NWF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NWF Group PLC (LSE:NWF) » Definitions » Inventory Turnover

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Address

Wardle, Nantwich, Cheshire, GBR, CW5 6BP

Website

https://www.nwf.co.uk

NWF Group PLC is engaged in manufacturing and selling of animal feeds, the sales and distribution of fuel oils and the warehousing and distribution of ambient groceries. The company's operating segments include Food, Feeds, and Fuels. The Food segment is engaged in the warehousing and distribution of clients' ambient grocery and other products to supermarket and other retail distribution centers. The Feeds segment manufactures and sells animal feeds and other agricultural products. The Fuels segment is engaged in the sale and distribution of domestic heating, industrial and road fuels. The company generates maximum revenue from Fuels segment. It operates entirely in the United Kingdom.

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