NCC Group (LSE:NCC) Inventory Turnover : 121.38 (As of Nov. 2023)

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What is NCC Group 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. NCC Group's Cost of Goods Sold for the six months ended in Nov. 2023 was £97.1 Mil. NCC Group's Average Total Inventories for the quarter that ended in Nov. 2023 was £0.8 Mil. NCC Group's Inventory Turnover for the quarter that ended in Nov. 2023 was 121.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NCC Group's Days Inventory for the six months ended in Nov. 2023 was 1.50.

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. NCC Group's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.01.

NCC Group Inventory Turnover Historical Data

The historical data trend for NCC Group'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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NCC Group Inventory Turnover Chart

NCC Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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198.53

199.13

159.90

182.20

238.94

NCC Group Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Inventory Turnover	Get a 7-Day Free Trial															78.55	95.80	109.26	110.33	121.38

NCC Group Inventory Turnover Calculation

NCC Group's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	203.1	/ (	(0.9	+	0.8)	/	2 )
=	203.1	/	0.85
=	238.94

NCC Group's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	97.1	/ (	(0.8	+	0.8)	/	2 )
=	97.1	/	0.8
=	121.38

NCC Group (LSE:NCC) 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.

NCC Group's Days Inventory for the six months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	0.8	/	97.1	*	365 / 2
	=	1.50

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.

NCC Group's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	0.8	/	156.6
	=	0.01

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.

NCC Group Inventory Turnover Related Terms

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NCC Group (LSE:NCC) Business Description

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NCCl:UK NZB:Germany

Address

2 Hardman Boulevard, XYZ Building, Spinningfields, Manchester, GBR, M3 3AQ

Website

https://www.nccgroup.com

NCC Group PLC is a U.K.-based provider of information assurance software solutions to the transportation, finance, retail, Internet of Things, and oil and gas end markets. The firm's operations are organized in below divisions: Assurance, which offers security and risks consulting services; group escrow, which offers software escrow services with a third-party agent; and domain services, which maintains and publishes trust security standards. Roughly half of the firm's revenue is generated in the United Kingdom, with the rest coming from Europe and the rest of the world.

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