Nomad Foods (Nomad Foods) Change In Inventory : $73 Mil (TTM As of Mar. 2024)

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What is Nomad Foods Change In Inventory?

Nomad Foods's change in inventory for the quarter that ended in Mar. 2024 was $15 Mil. It means Nomad Foods's inventory declined by $15 Mil from Dec. 2023 to Mar. 2024 .

Nomad Foods's change in inventory for the fiscal year that ended in Dec. 2023 was $21 Mil. It means Nomad Foods's inventory declined by $21 Mil from Dec. 2022 to Dec. 2023 .

Nomad Foods's Total Inventories for the quarter that ended in Mar. 2024 was $470 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nomad Foods's Days Inventory for the quarter that ended in Mar. 2024 was 70.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nomad Foods's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.30.

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. Nomad Foods's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.56.

Nomad Foods Change In Inventory Historical Data

The historical data trend for Nomad Foods's Change In Inventory 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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Nomad Foods Change In Inventory Chart

Nomad Foods Annual Data

Trend

Dec14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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26.11

-15.45

-26.89

-65.36

20.50

Nomad Foods Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-36.72	9.53	7.36	40.79	15.44

Nomad Foods Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $73 Mil.

Nomad Foods (NYSE:NOMD) Change In Inventory Explanation

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

Nomad Foods's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	478.511	/	622.609	*	365 / 4
	=	70.13

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	622.609	/	478.511
	=	1.30

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	478.511	/	851.848
	=	0.56

Nomad Foods Change In Inventory Related Terms

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Nomad Foods (Nomad Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nomad Foods Ltd (NYSE:NOMD) » Definitions » Change In Inventory

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Traded in Other Exchanges

NOMD:Mexico 0NH:Germany

Address

No. 1 New Square, Bedfont Lakes Business Park, Feltham, Middlesex, GBR, TW14 8HA

Website

https://www.nomadfoods.com

Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, and ready meals. It sells its products primarily through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.