Next Vision Stabilized Systems (XTAE:NXSN) Inventory Turnover : 0.52 (As of Mar. 2024)

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What is Next Vision Stabilized Systems 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. Next Vision Stabilized Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was ₪29.8 Mil. Next Vision Stabilized Systems's Average Total Inventories for the quarter that ended in Mar. 2024 was ₪57.1 Mil. Next Vision Stabilized Systems's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Next Vision Stabilized Systems's Days Inventory for the three months ended in Mar. 2024 was 174.73.

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. Next Vision Stabilized Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.56.

Next Vision Stabilized Systems Inventory Turnover Historical Data

The historical data trend for Next Vision Stabilized Systems'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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Next Vision Stabilized Systems Inventory Turnover Chart

Next Vision Stabilized Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.20

4.07

2.46

2.08

1.55

Next Vision Stabilized Systems Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											0.42	0.39	0.35	0.38	0.52

Next Vision Stabilized Systems Inventory Turnover Calculation

Next Vision Stabilized Systems'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 )
=	60.728	/ (	(19.256	+	59.251)	/	2 )
=	60.728	/	39.2535
=	1.55

Next Vision Stabilized Systems'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 )
=	29.815	/ (	(59.251	+	54.929)	/	2 )
=	29.815	/	57.09
=	0.52

Next Vision Stabilized Systems (XTAE:NXSN) 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.

Next Vision Stabilized Systems'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
	=	57.09	/	29.815	*	365 / 4
	=	174.73

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.

Next Vision Stabilized Systems'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 )
	=	57.09	/	101.254
	=	0.56

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.

Next Vision Stabilized Systems Inventory Turnover Related Terms

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Next Vision Stabilized Systems (XTAE:NXSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Next Vision Stabilized Systems Ltd (XTAE:NXSN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Tedahar 17, Ra'anana, Tel Aviv, ISR

Website

https://www.nextvision-sys.com

Next Vision Stabilized Systems Ltd is engaged in the field of micro stabilized gimballed cameras. It offers the widest range of stabilized cameras and accessories for commercial, industrial and security applications. The cameras can be mounted on ground, aerial and maritime platforms, and are the preferred choice where low SWaP2 (Size, Weight, Power and Price) without compromising performance is a key requirement. Its products include Colibri1, Colibri2, Colibri212, Nighthawk1, Nighthawk2, Nighthawk2-V, Nighthawk2-UZ, and Dragoneye2.

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