PZ Cussons Nigeria (NSA:PZ) Inventory Turnover : 1.45 (As of Nov. 2023)

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What is PZ Cussons Nigeria 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. PZ Cussons Nigeria's Cost of Goods Sold for the six months ended in Nov. 2023 was ₦46,200.18 Mil. PZ Cussons Nigeria's Average Total Inventories for the quarter that ended in Nov. 2023 was ₦31,903.20 Mil. PZ Cussons Nigeria's Inventory Turnover for the quarter that ended in Nov. 2023 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PZ Cussons Nigeria's Days Inventory for the six months ended in Nov. 2023 was 126.02.

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. PZ Cussons Nigeria's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.47.

PZ Cussons Nigeria Inventory Turnover Historical Data

The historical data trend for PZ Cussons Nigeria'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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PZ Cussons Nigeria Inventory Turnover Chart

PZ Cussons Nigeria Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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2.10

1.49

4.16

1.87

2.90

PZ Cussons Nigeria Semi-Annual Data
	Nov13	May14	Nov14	May15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Inventory Turnover	Get a 7-Day Free Trial															1.69	-0.48	2.39	-0.72	1.45

PZ Cussons Nigeria Inventory Turnover Calculation

PZ Cussons Nigeria's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	81015.877	/ (	(26891.779	+	29048.718)	/	2 )
=	81015.877	/	27970.2485
=	2.90

PZ Cussons Nigeria's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	46200.183	/ (	(29048.718	+	34757.674)	/	2 )
=	46200.183	/	31903.196
=	1.45

PZ Cussons Nigeria (NSA:PZ) 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.

PZ Cussons Nigeria's Days Inventory for the six months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	31903.196	/	46200.183	*	365 / 2
	=	126.02

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.

PZ Cussons Nigeria's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	31903.196	/	68085.578
	=	0.47

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.

PZ Cussons Nigeria Inventory Turnover Related Terms

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PZ Cussons Nigeria (NSA:PZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PZ Cussons Nigeria PLC (NSA:PZ) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

3500 Aviator Way, Manchester Business Park, Manchester, GBR, M22 5TG

Website

http://www.pzcussons.com.ng

PZ Cussons Nigeria PLC manufactures, distributes and sells consumer products and home appliances. The company's operating segment includes Home and Personal Care Products and Durable Electrical Appliances. It generates maximum revenue from the Home and Personal Care Products segment. Home and Personal Care Products segment includes the production and sale of Morning Fresh, Zip, Canoe, Premier, Excel, Joy, Stella, Venus, Imperial Leather, Cussons Baby, Original Source, Carex, Robb, and others. The Durable Electrical Appliances segment includes the production and sale of Haier Thermocool Refrigerators, Freezers, Televisions, Generators, Air conditioners, Washing Machines and others. Geographically it derives revenue from Nigeria.

PZ Cussons Nigeria (NSA:PZ) Headlines

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