Nordic Group (SGX:MR7) Change In Inventory : S$-0.7 Mil (TTM As of Dec. 2023)

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What is Nordic Group Change In Inventory?

Nordic Group's change in inventory for the quarter that ended in Dec. 2023 was S$-0.0 Mil. It means Nordic Group's inventory increased by S$0.0 Mil from Jun. 2023 to Dec. 2023 .

Nordic Group's change in inventory for the fiscal year that ended in Dec. 2023 was S$-0.7 Mil. It means Nordic Group's inventory increased by S$0.7 Mil from Dec. 2022 to Dec. 2023 .

Nordic Group's Total Inventories for the quarter that ended in Dec. 2023 was S$21.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nordic Group's Days Inventory for the quarter that ended in Dec. 2023 was 67.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nordic Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.71.

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. Nordic Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

Nordic Group Change In Inventory Historical Data

The historical data trend for Nordic Group'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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Nordic Group Change In Inventory Chart

Nordic Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.22

0.85

-3.35

-3.06

-0.74

Nordic Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-1.94	-2.24	-0.82	-0.72	-0.02

Nordic Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-0.7 Mil.

Nordic Group (SGX:MR7) Change In Inventory Explanation

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

Nordic Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	21.011	/	56.914	*	365 / 2
	=	67.37

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	56.914	/	21.011
	=	2.71

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.011	/	71.231
	=	0.29

Nordic Group Change In Inventory Related Terms

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Nordic Group (SGX:MR7) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nordic Group Ltd (SGX:MR7) » Definitions » Change In Inventory

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Address

2 Tuas Avenue 10, Singapore, SGP, 639126

Website

https://www.nordicgrouplimited.com

Nordic Group Ltd is an investment holding company. Its operating business segments include Project Services, Maintenance Services, and Others. The company generates maximum revenue from the Maintenance services segment. Its Maintenance Services segment includes maintenance and repair services, trading and supply of material, spare parts and components. The Project services segment includes projects that require engineering, procurement, design, construction, machining, scaffolding works, insulation services, and passive fireproofing services. Geographically, Singapore derives the vast majority of its revenue.

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