NextSource Materials (TSX:NEXT) Inventory Turnover : 0.35 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is NextSource Materials 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. NextSource Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.41 Mil. NextSource Materials's Average Total Inventories for the quarter that ended in Mar. 2024 was C$1.18 Mil. NextSource Materials's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NextSource Materials's Days Inventory for the three months ended in Mar. 2024 was 262.87.

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.

NextSource Materials Inventory Turnover Historical Data

The historical data trend for NextSource Materials'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.

* Premium members only.

NextSource Materials Inventory Turnover Chart

NextSource Materials Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

Get a 7-Day Free Trial

0.84

NextSource Materials Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.35	0.66	0.67	0.26	0.35

NextSource Materials Inventory Turnover Calculation

NextSource Materials's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	0.523	/ (	(0	+	0.624)	/	1 )
=	0.523	/	0.624
=	0.84

NextSource Materials's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.411	/ (	(1.059	+	1.309)	/	2 )
=	0.411	/	1.184
=	0.35

NextSource Materials (TSX:NEXT) 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.

NextSource Materials's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1.184	/	0.411	*	365 / 4
	=	262.87

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.

NextSource Materials's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.184	/	0
	=

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.

NextSource Materials Inventory Turnover Related Terms

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

NextSource Materials (TSX:NEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NextSource Materials Inc (TSX:NEXT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NSRCF:USA 1JWA:Germany

Address

130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2

Website

https://www.nextsourcematerials.com

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite. The company also holds an interest in Green Giant Vanadium Project.

Executives

Quentin Yarie

Director