PZ Cussons Nigeria (NSA:PZ) Change In Inventory: ₦-634 Mil (TTM As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSA:PZ PZ Cussons Nigeria PLC NSA:PZ
67 GF Score
Price ₦84.95
GF Value ₦52.84
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is PZ Cussons Nigeria Change In Inventory?

PZ Cussons Nigeria NSA:PZ 67 Change In Inventory is ₦-634 Mil as of Feb. 2026. GuruFocus rates NSA:PZ with a GF Score™ of 67/100 and a GF Value™ of ₦52.84 (Significantly Overvalued). The stock has 1 warning sign investors should review.

PZ Cussons Nigeria's change in inventory for the quarter that ended in Feb. 2026 was ₦9,542 Mil. It means PZ Cussons Nigeria's inventory declined by ₦9,542 Mil from Nov. 2025 to Feb. 2026 .

PZ Cussons Nigeria's change in inventory for the fiscal year that ended in May. 2025 was ₦-12,652 Mil. It means PZ Cussons Nigeria's inventory increased by ₦12,652 Mil from May. 2024 to May. 2025 .

PZ Cussons Nigeria's Total Inventories for the quarter that ended in Feb. 2026 was ₦56,733 Mil.

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 quarter that ended in Feb. 2026 was 113.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. PZ Cussons Nigeria's Inventory Turnover for the quarter that ended in Feb. 2026 was 0.81.

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 Feb. 2026 was 0.89.


PZ Cussons Nigeria  (NSA:PZ) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=61504.341/49567.524*365 / 4
=113.22

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

PZ Cussons Nigeria's Inventory Turnover for the quarter that ended in Feb. 2026 is calculated as

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.

PZ Cussons Nigeria's Inventory to Revenue for the quarter that ended in Feb. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=61504.341 / 69317.622
=0.89

* 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.


PZ Cussons Nigeria Change In Inventory Related Terms


PZ Cussons Nigeria Change In Inventory Historical Data

* Premium members only.

The historical data trend for PZ Cussons Nigeria'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.

PZ Cussons Nigeria Change In Inventory Chart

PZ Cussons Nigeria Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,914.34 -5,863.82 -2,156.94 -11,796.73 -12,652.14

PZ Cussons Nigeria Quarterly Data
Feb21 May21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2,394.21 2,602.02 -15,873.91 3,096.30 9,541.71
NSA:PZ
67GF Score
PZ Cussons Nigeria PLC NSA:PZ
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PZ Cussons Nigeria 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 Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦-634 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of ₦-634 Mil mean?
PZ Cussons Nigeria (NSA:PZ) has a Change In Inventory of ₦-634 Mil as of Feb. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for PZ Cussons Nigeria and its competitors.
Is PZ Cussons Nigeria's Change In Inventory too high?
PZ Cussons Nigeria's current Change In Inventory is ₦-634 Mil. Overall, PZ Cussons Nigeria has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PZ Cussons Nigeria's Change In Inventory compare to PG and CL?
PZ Cussons Nigeria's Change In Inventory of ₦-634 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Consumer Packaged Goods company?
A good Change In Inventory depends on the Consumer Packaged Goods industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for PZ Cussons Nigeria and its competitors. PZ Cussons Nigeria's current Change In Inventory is ₦-634 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PZ Cussons Nigeria stock overvalued right now?
Based on GuruFocus' analysis, PZ Cussons Nigeria (NSA:PZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦52.84, compared to a current price of ₦84.95 — trading 60.8% above its estimated fair value. The current Change In Inventory is ₦-634 Mil. PZ Cussons Nigeria's overall GF Score™ is 67/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For PZ Cussons Nigeria (NSA:PZ), the current Change In Inventory is ₦-634 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PZ Cussons Nigeria (NSA:PZ) Overvalued in 2026?

Based on GuruFocus' analysis, PZ Cussons Nigeria stock appears to be overvalued. The current stock price of ₦84.95 is trading 60.8% above its estimated GF Value™ of ₦52.84. GuruFocus considers PZ Cussons Nigeria to be Significantly Overvalued.

Key valuation signals for NSA:PZ:

  • Change In Inventory: ₦-634 Mil
  • GF Value™: ₦52.84 vs. price of ₦84.95 (60.8% above fair value)
  • GF Score™: 67/100 with 1 warning sign

No single metric tells the full story. See the NSA:PZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PZ Cussons Nigeria Business Description

Address 3500 Aviator Way, Manchester Business Park, Manchester, GBR, M22 5TG
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.
67GF Score

Get the complete analysis for NSA:PZ

Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦84.95
Price
₦52.84
GF Value