Nobia AB (Nobia AB) Total Inventories : $114 Mil (As of Mar. 2024)

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What is Nobia AB Total Inventories?

Nobia AB's total inventories for the quarter that ended in Mar. 2024 was $114 Mil. Nobia AB's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $116 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nobia AB's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-9.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nobia AB's Days Inventory for the three months ended in Mar. 2024 was 66.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nobia AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.37.

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. Nobia AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

Nobia AB Total Inventories Historical Data

The historical data trend for Nobia AB's Total Inventories 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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Nobia AB Total Inventories Chart

Nobia AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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121.39

123.76

133.23

142.42

118.74

Nobia AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															136.40	131.58	121.52	118.74	114.20

Nobia AB Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Nobia AB (OTCPK:NBIAY) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Nobia AB's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(23.436	+	0.75 * 121.983	+	0.5 * 114.203	-	870.016
-	0	-	0)	/	75.2189
=	-9.28

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

Nobia 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
	=	116.472	/	159.154	*	365 / 4
	=	66.78

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	159.154	/	116.472
	=	1.37

4. 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.

Nobia 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 )
	=	116.472	/	251.169
	=	0.46

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Nobia AB Total Inventories Related Terms

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Nobia AB (Nobia AB) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nobia AB (OTCPK:NBIAY) » Definitions » Total Inventories

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Traded in Other Exchanges

NOBI:Sweden 0GW0:UK NI8:Germany

Address

Blekholmstorget 30E, Stockholm, SWE, 111 64

Website

https://www.nobia.com

Nobia AB is a Sweden-based furniture company that designs, manufactures, and sells various kitchen products. The company operates in the United Kingdom, Denmark, Finland, and Austria. Nobia sells its products through a network of subsidiaries to retailers, builders' merchants, DIY stores, and professional construction companies. The company generates the majority of its net sales from the UK and, secondarily, from the Nordic region. The core brands of Nobia include Magnet, HTH, Marbodal, A la Carte, Sigdal, and ewe. The firm derives revenue from the sale and installation services of kitchen products and other products.

Nobia AB (Nobia AB) Headlines

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Q4 2023 Nobia AB Earnings Call Transcript

By GuruFocus Research • 02-28-2024