Natural Alternatives International (Natural Alternatives International) Inventory Turnover : 1.16 (As of Dec. 2023)

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What is Natural Alternatives International 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. Natural Alternatives International's Cost of Goods Sold for the three months ended in Dec. 2023 was $24.8 Mil. Natural Alternatives International's Average Total Inventories for the quarter that ended in Dec. 2023 was $21.5 Mil. Natural Alternatives International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Natural Alternatives International's Days Inventory for the three months ended in Dec. 2023 was 78.88.

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. Natural Alternatives International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.85.

Natural Alternatives International Inventory Turnover Historical Data

The historical data trend for Natural Alternatives International'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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Natural Alternatives International Inventory Turnover Chart

Natural Alternatives International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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4.63

3.71

5.39

4.72

4.37

Natural Alternatives International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.95	0.83	0.89	1.16	1.16

Natural Alternatives International Inventory Turnover Calculation

Natural Alternatives International'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 )
=	135.857	/ (	(32.475	+	29.694)	/	2 )
=	135.857	/	31.0845
=	4.37

Natural Alternatives International'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	24.815	/ (	(23.304	+	19.596)	/	2 )
=	24.815	/	21.45
=	1.16

Natural Alternatives International (NAS:NAII) 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.

Natural Alternatives International's Days Inventory for the three 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
	=	21.45	/	24.815	*	365 / 4
	=	78.88

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.

Natural Alternatives International'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 )
	=	21.45	/	25.202
	=	0.85

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.

Natural Alternatives International Inventory Turnover Related Terms

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Natural Alternatives International (Natural Alternatives International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Natural Alternatives International Inc (NAS:NAII) » Definitions » Inventory Turnover

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Traded in Other Exchanges

NA2:Germany

Address

1535 Faraday Avenue, Carlsbad, CA, USA, 92008

Website

https://www.nai-online.com

Natural Alternatives International Inc is engaged in formulating, manufacturing, and marketing nutritional supplements. It offers vitamins, minerals, herbs, and other supplements, as well as other healthcare products to customers within the United States and internationally. Its business activity is operated through Private-Label Contract Manufacturing and Patent & Trademark Licensing segment. The company derives the majority of revenue from Private-Label Contract Manufacturing which is engaged in providing manufacturing services to companies that market and distribute nutritional supplements and other healthcare products, whereas the Patent and Trademark Licensing segment includes royalty income from its license and supply agreements associated with the sale.

Executives

Mark A Ledoux	director, 10 percent owner, officer: CEO/Chairman	1185 LINDA VISTA DR, SAN MARCOS CA 92069
Joe E Davis	director	3436 CARIBETH DR, ENCINO CA 91436
Lee G Weldon	director	1185 LINDA VISTA DRIVE, SAN MARCAS CA 92069
Alan G Dunn	director	1185 LINDA VISTA DR., SUITE A, SAN MARCOS X1 92078
Michael E Fortin	officer: Chief Financial Officer	1185 LINDA VISTA DRIVE, SAN MARCOS CA 92078
Kenneth Wolf	officer: Chief Financial Officer	12626 HIGH BLUFF DRIVE, SUITE 440, SAN DIEGO CA 92130
Alan J Lane	director	41090 AVENIDA VERDE, TEMECULA CA 92591
Guru Ramanathan	director	C/O GNC HOLDINGS, INC., 300 SIXTH AVENUE, PITTSBURGH PA 15222
Laura Kay Matherly	director	1535 FARADAY AVENUE, CARLSBAD CA 92008
Edward Borg	10 percent owner	600 SOUTH US HIGHWAY 1, APT. 609, JUPITER FL 33477
Alvin Mccurdy	officer: V.P. of Operations	1185 LINDA VISTA DR., SUITE A, SAN MARCOS CA 92078
Carl J Terranova	other: Member of 13(d) 10% group	159 CHRYSTIE ST, NEW YORK NY 10002
Thomas H Hansen	10 percent owner
John Dullea	officer: President, RHL (Subsidiary)	12189 CAMINITO CORRIENTE, SAN DIEGO CA 92128
Randell Weaver	officer: President