Nickel Industries (Nickel Industries) Inventory Turnover : 3.19 (As of Dec. 2023)

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What is Nickel Industries 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. Nickel Industries's Cost of Goods Sold for the six months ended in Dec. 2023 was $675 Mil. Nickel Industries's Average Total Inventories for the quarter that ended in Dec. 2023 was $211 Mil. Nickel Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nickel Industries's Days Inventory for the six months ended in Dec. 2023 was 57.15.

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. Nickel Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

Nickel Industries Inventory Turnover Historical Data

The historical data trend for Nickel Industries'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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Nickel Industries Inventory Turnover Chart

Nickel Industries Annual Data

Trend

Jun19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

4.86

9.16

4.67

5.49

7.08

Nickel Industries Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							2.48	2.22	2.69	3.53	3.19

Nickel Industries Inventory Turnover Calculation

Nickel Industries's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1430.421	/ (	(204.845	+	199.448)	/	2 )
=	1430.421	/	202.1465
=	7.08

Nickel Industries's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	675.128	/ (	(223.412	+	199.448)	/	2 )
=	675.128	/	211.43
=	3.19

Nickel Industries (OTCPK:NICMF) 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.

Nickel Industries's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	211.43	/	675.128	*	365 / 2
	=	57.15

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.

Nickel Industries's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	211.43	/	947.839
	=	0.22

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.

Nickel Industries Inventory Turnover Related Terms

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Nickel Industries (Nickel Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Industries Ltd (OTCPK:NICMF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NM5:Germany NIC:Australia

Address

66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.nickelmines.com.au

Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. It holds 80% interest in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (RKEF) plants producing NPI within the Indonesia Morowali Industrial Park (IMIP). Nickel Industries also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine ('Hengjaya Mine'), a large tonnage, high-grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.

Nickel Industries (Nickel Industries) Headlines

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