Nano Dimension (Nano Dimension) Inventory Turnover : 0.37 (As of Dec. 2023)

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What is Nano Dimension 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. Nano Dimension's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.43 Mil. Nano Dimension's Average Total Inventories for the quarter that ended in Dec. 2023 was $19.83 Mil. Nano Dimension's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nano Dimension's Days Inventory for the three months ended in Dec. 2023 was 243.71.

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. Nano Dimension's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.37.

Nano Dimension Inventory Turnover Historical Data

The historical data trend for Nano Dimension'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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Nano Dimension Inventory Turnover Chart

Nano Dimension Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.53

0.68

1.29

1.93

1.63

Nano Dimension 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															0.24	0.43	0.42	0.33	0.37

Nano Dimension Inventory Turnover Calculation

Nano Dimension'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 )
=	30.856	/ (	(19.4	+	18.39)	/	2 )
=	30.856	/	18.895
=	1.63

Nano Dimension'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 )
=	7.426	/ (	(21.276	+	18.39)	/	2 )
=	7.426	/	19.833
=	0.37

Nano Dimension (NAS:NNDM) 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.

Nano Dimension'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
	=	19.833	/	7.426	*	365 / 4
	=	243.71

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.

Nano Dimension'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 )
	=	19.833	/	14.454
	=	1.37

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.

Nano Dimension Inventory Turnover Related Terms

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Nano Dimension (Nano Dimension) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nano Dimension Ltd (NAS:NNDM) » Definitions » Inventory Turnover

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2N5B:Germany

Address

2 Ilan Ramon Street, Ness-Ziona Science Park, Ness Ziona, ISR, 7403635

Website

https://www.nano-di.com

Nano Dimension Ltd is a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME). High-fidelity active electronic and electromechanical subassemblies are integral enablers of autonomous intelligent drones, cars, satellites, smartphones, and in vivo medical devices. It necessitates iterative development, IP safety, fast time-to-market and device performance gains, thereby mandating AME for in-house, rapid prototyping and production. Nano Dimension machines serve cross-industry needs by depositing proprietary consumable conductive and dielectric materials simultaneously, while concurrently integrating in-situ capacitors, antennas, coils, transformers and electromechanical components, to function at an unprecedented performance.