NCC AB (NCC AB) Inventory Turnover : 0.96 (As of Mar. 2024)

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What is NCC AB 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. NCC AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,044 Mil. NCC AB's Average Total Inventories for the quarter that ended in Mar. 2024 was $1,085 Mil. NCC AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NCC AB's Days Inventory for the three months ended in Mar. 2024 was 94.85.

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. NCC AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.98.

NCC AB Inventory Turnover Historical Data

The historical data trend for NCC AB'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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NCC AB Inventory Turnover Chart

NCC AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.22

7.51

6.25

5.60

5.10

NCC AB 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															1.20	1.33	1.19	1.35	0.96

NCC AB Inventory Turnover Calculation

NCC AB'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 )
=	5093.297	/ (	(908.557	+	1088.559)	/	2 )
=	5093.297	/	998.558
=	5.10

NCC AB'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 )
=	1043.77	/ (	(1088.559	+	1081.229)	/	2 )
=	1043.77	/	1084.894
=	0.96

NCC AB (OTCPK:NCCBF) 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.

NCC AB'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
	=	1084.894	/	1043.77	*	365 / 4
	=	94.85

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.

NCC AB'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 )
	=	1084.894	/	1110.428
	=	0.98

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.

NCC AB Inventory Turnover Related Terms

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NCC AB (NCC AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NCC AB (OTCPK:NCCBF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NCC B:Sweden NCC A:Sweden NCCBs:UK 0OFP:UK NCGB:Germany

Address

Herrjarva Torg 4, Solna, SWE, SE-170 80

Website

https://www.ncc.com

NCC AB is a leading construction and property development company in the Nordic region. Its business operations are divided into five operating segments: NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development in descending order of total net sales. The company's major projects include entire infrastructure build-outs such as tunnels, roads and railways, housing, office buildings, school and hospital construction, production of asphalt and stone materials, and commercial property development.