Nuchev (ASX:NUC) Inventory Turnover : 1.00 (As of Dec. 2023)

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What is Nuchev 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. Nuchev's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.67 Mil. Nuchev's Average Total Inventories for the quarter that ended in Dec. 2023 was A$4.69 Mil. Nuchev's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nuchev's Days Inventory for the six months ended in Dec. 2023 was 183.26.

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. Nuchev's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.69.

Nuchev Inventory Turnover Historical Data

The historical data trend for Nuchev'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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Nuchev Inventory Turnover Chart

Nuchev Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

1.35

0.73

0.67

0.97

Nuchev Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial				0.34	0.32	0.48	0.51	1.00

Nuchev Inventory Turnover Calculation

Nuchev'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 )
=	7.137	/ (	(9.355	+	5.31)	/	2 )
=	7.137	/	7.3325
=	0.97

Nuchev'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 )
=	4.673	/ (	(5.31	+	4.075)	/	2 )
=	4.673	/	4.6925
=	1.00

Nuchev (ASX:NUC) 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.

Nuchev'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
	=	4.6925	/	4.673	*	365 / 2
	=	183.26

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.

Nuchev'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 )
	=	4.6925	/	6.821
	=	0.69

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.

Nuchev Inventory Turnover Related Terms

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Nuchev (ASX:NUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nuchev Ltd (ASX:NUC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

636 St Kilda Road, Level 12, Melbourne, VIC, AUS, 3004

Website

https://www.nuchev.com.au

Nuchev Ltd is a globally-oriented food business focused on developing, marketing, and selling a range of premium Australian made goat nutritional products. Its primary products include its Oli6 branded goat infant formula and nutritional range, which are sold across multiple sales channels in Australia and China.

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