Norwegian Cruise Line Holdings (Norwegian Cruise Line Holdings) Inventory Turnover : 8.17 (As of Dec. 2023)

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What is Norwegian Cruise Line Holdings 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. Norwegian Cruise Line Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,322 Mil. Norwegian Cruise Line Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $162 Mil. Norwegian Cruise Line Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norwegian Cruise Line Holdings's Days Inventory for the three months ended in Dec. 2023 was 11.17.

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. Norwegian Cruise Line Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Norwegian Cruise Line Holdings Inventory Turnover Historical Data

The historical data trend for Norwegian Cruise Line Holdings'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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Norwegian Cruise Line Holdings Inventory Turnover Chart

Norwegian Cruise Line Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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39.47

19.04

16.03

31.97

35.70

Norwegian Cruise Line Holdings 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															8.01	8.69	9.23	9.27	8.17

Norwegian Cruise Line Holdings Inventory Turnover Calculation

Norwegian Cruise Line Holdings'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 )
=	5468.587	/ (	(148.717	+	157.646)	/	2 )
=	5468.587	/	153.1815
=	35.70

Norwegian Cruise Line Holdings'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 )
=	1321.813	/ (	(166.063	+	157.646)	/	2 )
=	1321.813	/	161.8545
=	8.17

Norwegian Cruise Line Holdings (NYSE:NCLH) 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.

Norwegian Cruise Line Holdings'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
	=	161.8545	/	1321.813	*	365 / 4
	=	11.17

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.

Norwegian Cruise Line Holdings'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 )
	=	161.8545	/	1986.456
	=	0.08

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.

Norwegian Cruise Line Holdings Inventory Turnover Related Terms

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Norwegian Cruise Line Holdings (Norwegian Cruise Line Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NCLH:Mexico 1NC:Germany 1NC:Germany 1NC:Germany N1CL34:Brazil NCLH:Austria

Address

7665 Corporate Center Drive, Miami, FL, USA, 33126

Website

https://www.nclhltdinvestor.com

Norwegian Cruise Line is the world's third-largest cruise company by berths (at more than 66,000), operating 31 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising. The company had redeployed its entire fleet as of May 2022. With six passenger vessels on order among its brands through 2028 (representing 16,500 incremental berths), Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.

Executives

Jose E. Cil	director	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Daniel S Farkas	officer: EVP Gen. Counsel & Asst. Sec'y	5840 SW 117TH STREET, CORAL GABLES FL 33156
Faye L. Ashby	officer: SVP & Chief Accounting Officer	7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Patrik Dahlgren	officer: EVP, Vessel Operations	7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Del Rio Frank J	director, officer: Pres. & CEO	8300 NW 33RD STREET, SUITE 100, MIAMI FL 33122
Mark Kempa	officer: EVP & CFO	7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
David Herrera	officer: Pres. NCL	7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Del Rio Frank A.	officer: Pres. Oceania Cruises	C/O NEW BEGINNINGS ACQUISITION CORP., 800 1ST STREET, UNIT 1, MIAMI FL 33139
Andrea Demarco	officer: Pres. RSSC	7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Jason Montague	officer: Pres. & CEO of RSSC	C/O PRESTIGE CRUISES INTERNATIONAL, INC., 8300 NW 33RD STREET, SUITE 100, MIAMI FL 33122
Zillah Byng-thorne	director	7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Howard J Sherman	officer: Pres. & CEO Oceania Cruises	7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Russell W Galbut	director	7665 CORPORATE DRIVE, MIAMI FL 33126
Harry C Curtis	director	C/O NORWEGIAN CRUISE LINE HOLDINGS, 7300 CORPORATE CENTER DRIVE, MIAMI FL 33126
Robert Binder	officer: Vice Chair, Pres. & CEO OCI	7665 CORPORATE CENTER DRIVE, MIAMI FL 33126