Next (NXGPF) Change In Inventory: $-107 Mil (TTM As of Jan. 2026)

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NXGPF Next PLC NXGPF
90 GF Score
Price $198.52
GF Value $173.80
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Next Change In Inventory?

Next NXGPF 90 Change In Inventory is $-107 Mil as of Jan. 2026. GuruFocus rates NXGPF with a GF Score™ of 90/100 and a GF Value™ of $173.80 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Next's change in inventory for the quarter that ended in Jan. 2026 was $109 Mil. It means Next's inventory declined by $109 Mil from Jul. 2025 to Jan. 2026 .

Next's change in inventory for the fiscal year that ended in Jan. 2026 was $-107 Mil. It means Next's inventory increased by $107 Mil from Jan. 2025 to Jan. 2026 .

Next's Total Inventories for the quarter that ended in Jan. 2026 was $1,285 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Next's Days Inventory for the quarter that ended in Jan. 2026 was 86.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. Next's Inventory Turnover for the quarter that ended in Jan. 2026 was 2.11.

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. Next's Inventory-to-Revenue for the quarter that ended in Jan. 2026 was 0.26.


Next  (OTCPK:NXGPF) Change In Inventory Explanation

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

Next's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=1337.294/2821.516*365 / 2
=86.50

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

Next's Inventory Turnover for the quarter that ended in Jan. 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.

Next's Inventory to Revenue for the quarter that ended in Jan. 2026 is calculated as

* 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.


Next Change In Inventory Related Terms


Next Change In Inventory Historical Data

* Premium members only.

The historical data trend for Next'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.

Next Change In Inventory Chart

Next Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -130.76 -27.91 19.44 -123.98 -107.17

Next Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 46.63 -173.36 42.52 -215.25 108.66
NXGPF
90GF Score
Next PLC NXGPF
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Next 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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-107 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 $-107 Mil mean?
Next (NXGPF) has a Change In Inventory of $-107 Mil as of Jan. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Next and its competitors.
Is Next's Change In Inventory too high?
Next's current Change In Inventory is $-107 Mil. Overall, Next has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next's Change In Inventory compare to TJX and ROST?
Next's Change In Inventory of $-107 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Change In Inventory depends on the Retail - Cyclical 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 Next and its competitors. Next's current Change In Inventory is $-107 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $173.80, compared to a current price of $198.52 — trading 14.2% above its estimated fair value. The current Change In Inventory is $-107 Mil. Next's overall GF Score™ is 90/100 with 2 warning signs 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 Next (NXGPF), the current Change In Inventory is $-107 Mil as of Jan. 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 Next (NXGPF) Overvalued in 2026?

Based on GuruFocus' analysis, Next stock appears to be overvalued. The current stock price of $198.52 is trading 14.2% above its estimated GF Value™ of $173.80. GuruFocus considers Next to be Modestly Overvalued.

Key valuation signals for NXGPF:

  • Change In Inventory: $-107 Mil
  • GF Value™: $173.80 vs. price of $198.52 (14.2% above fair value)
  • GF Score™: 90/100 with 2 warning signs

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


Next Business Description

Address Desford Road, Enderby, Leicester, GBR, LE19 4AT
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
90GF Score

Get the complete analysis for NXGPF

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

$198.52
Price
$173.80
GF Value