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NMHI (Nature's Miracle Holding) Inventory-to-Revenue : 1.30 (As of Jun. 2024)


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What is Nature's Miracle Holding Inventory-to-Revenue?

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. Nature's Miracle Holding's Average Total Inventories for the quarter that ended in Jun. 2024 was $4.41 Mil. Nature's Miracle Holding's Revenue for the three months ended in Jun. 2024 was $3.41 Mil. Nature's Miracle Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.30.

Nature's Miracle Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2024 declined from Mar. 2024 (2.20) to Mar. 2024 (1.30)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nature's Miracle Holding's Days Inventory for the three months ended in Jun. 2024 was 136.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nature's Miracle Holding's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.67.


Nature's Miracle Holding Inventory-to-Revenue Historical Data

The historical data trend for Nature's Miracle Holding's Inventory-to-Revenue 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.

* Premium members only.

Nature's Miracle Holding Inventory-to-Revenue Chart

Nature's Miracle Holding Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
0.83 0.60 0.46 0.78

Nature's Miracle Holding Quarterly Data
Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.37 2.34 4.15 2.20 1.30

Competitive Comparison of Nature's Miracle Holding's Inventory-to-Revenue

For the Specialty Industrial Machinery subindustry, Nature's Miracle Holding's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nature's Miracle Holding's Inventory-to-Revenue Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nature's Miracle Holding's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Nature's Miracle Holding's Inventory-to-Revenue falls into.



Nature's Miracle Holding Inventory-to-Revenue Calculation

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.

Nature's Miracle Holding's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (8.802 + 5.046) / 2 ) / 8.933
=6.924 / 8.933
=0.78

Nature's Miracle Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue (Q: Jun. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Revenue (Q: Jun. 2024 )
=( (4.651 + 4.169) / 2 ) / 3.405
=4.41 / 3.405
=1.30

* 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.


Nature's Miracle Holding  (NAS:NMHI) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Nature's Miracle Holding's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=4.41/2.953*365 / 4
=136.27

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

Nature's Miracle Holding's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=2.953 / 4.41
=0.67

* 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.


Nature's Miracle Holding Inventory-to-Revenue Related Terms

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Nature's Miracle Holding Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
858 North Central Avenue, Upland, CA, USA, 91786
Nature's Miracle Holding Inc is a growing agriculture technology company providing Controlled Environment Agriculture (CEA) hardware products to growers in the CEA industry setting in North America. It provides hardware to design, build, and operate various indoor growing settings, including greenhouse and indoor growing spaces. Its products include Horticultural Lighting, Irrigation System, Power Distribution Systems, Climate Control Systems, Disinfection Systems, and Materials And Equipment.