Norsk Titanium AS (Norsk Titanium AS) Change In Inventory : $-0.63 Mil (TTM As of Dec. 2023)

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What is Norsk Titanium AS Change In Inventory?

Norsk Titanium AS's change in inventory for the quarter that ended in Dec. 2023 was $-0.46 Mil. It means Norsk Titanium AS's inventory increased by $0.46 Mil from Jun. 2023 to Dec. 2023 .

Norsk Titanium AS's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.63 Mil. It means Norsk Titanium AS's inventory increased by $0.63 Mil from Dec. 2022 to Dec. 2023 .

Norsk Titanium AS's Total Inventories for the quarter that ended in Dec. 2023 was $5.89 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norsk Titanium AS's Days Inventory for the quarter that ended in Dec. 2023 was 390.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Norsk Titanium AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.47.

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. Norsk Titanium AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.39.

Norsk Titanium AS Change In Inventory Historical Data

The historical data trend for Norsk Titanium AS's Change In Inventory 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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Norsk Titanium AS Change In Inventory Chart

Norsk Titanium AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.97

-0.01

0.26

-1.58

-0.63

Norsk Titanium AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial					-0.15	-0.89	-0.70	-0.17	-0.46

Norsk Titanium AS Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.63 Mil.

Norsk Titanium AS (OTCPK:NORSF) Change In Inventory Explanation

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

Norsk Titanium AS's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5.759	/	2.691	*	365 / 2
	=	390.57

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

Norsk Titanium AS's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.691	/	5.759
	=	0.47

3. 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.

Norsk Titanium AS's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.759	/	1.311
	=	4.39

Norsk Titanium AS Change In Inventory Related Terms

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Norsk Titanium AS (Norsk Titanium AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Norsk Titanium AS (OTCPK:NORSF) » Definitions » Change In Inventory

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Traded in Other Exchanges

NTI:Norway 84F:Germany

Address

Flyplassveien 20, Honefoss, NOR, 3514

Website

https://www.norsktitanium.com

Norsk Titanium AS is a producer of aerospace-grade, additively manufactured, structural titanium components for commercial aerospace tier-one suppliers. Its patented RPD technology revolutionizes the industry by pioneering a new era of on-demand metal additive manufacturing that delivers 3D-printed, structural titanium, providing substantial lead-time and cost savings to the aerospace, defence, and industrial markets.

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