Nextdc (ASX:NXT) Inventory Turnover : 0.00 (As of Jun. 2024)

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What is Nextdc 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. Nextdc's Cost of Goods Sold for the six months ended in Jun. 2024 was A$36.4 Mil. Nextdc's Average Total Inventories for the quarter that ended in Jun. 2024 was A$0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nextdc's Days Inventory for the six months ended in Jun. 2024 was 0.00.

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. Nextdc's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Nextdc Inventory Turnover Historical Data

The historical data trend for Nextdc'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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Nextdc Inventory Turnover Chart

Nextdc Annual Data

Trend

Jun15

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Jun24

Inventory Turnover

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Nextdc Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Nextdc Inventory Turnover Calculation

Nextdc's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	96.438	/ (	(0	+	0)	/	1 )
=	96.438	/	0
=	N/A

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

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	36.419	/ (	(0	+	0)	/	1 )
=	36.419	/	0
=	N/A

Nextdc (ASX:NXT) 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.

Nextdc's Days Inventory for the six 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
	=	0	/	36.419	*	365 / 2
	=	0.00

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.

Nextdc's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0	/	197.621
	=	0.00

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.

Nextdc Inventory Turnover Related Terms

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Nextdc Business Description

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2NX:Germany

Address

20 Wharf Street, Brisbane, QLD, AUS, 4000

Website

https://www.nextdc.com

NextDC operates 16 data centers across five major Australian cities with a focus on colocation of and interconnection between enterprises, global cloud, and ICT providers and telecommunication networks. It has another 10 data centers in development or planning stage. NextDC provides physical space, cooling, power and security services and offers optional technical and project management support. The company's tenants store their servers within the data center and can connect to each other, to and between global public cloud providers and telecommunication network providers via physical and virtual connections. Colocation services allow enterprises to enhance security of data transmission and reduce latency, that is, speed up the transfer of data. NextDC services tenants of all sizes.