Nanosynth Group (LSE:NNN) Inventory Turnover : 5.36 (As of Jun. 2022)

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What is Nanosynth 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. Nanosynth Group's Cost of Goods Sold for the six months ended in Jun. 2022 was £0.07 Mil. Nanosynth Group's Average Total Inventories for the quarter that ended in Jun. 2022 was £0.01 Mil. Nanosynth Group's Inventory Turnover for the quarter that ended in Jun. 2022 was 5.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nanosynth Group's Days Inventory for the six months ended in Jun. 2022 was 34.05.

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. Nanosynth Group's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 1.25.

Nanosynth Group Inventory Turnover Historical Data

The historical data trend for Nanosynth 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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Nanosynth Group Inventory Turnover Chart

Nanosynth Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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1.64

0.38

4.10

Nanosynth Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Inventory Turnover	Get a 7-Day Free Trial											1.67	-0.26	0.35	0.26	5.36

Nanosynth Group Inventory Turnover Calculation

Nanosynth Group's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	0.164	/ (	(0.063	+	0.017)	/	2 )
=	0.164	/	0.04
=	4.10

Nanosynth Group's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

	Inventory Turnover (Q: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )
=	0.067	/ (	(0.017	+	0.008)	/	2 )
=	0.067	/	0.0125
=	5.36

Nanosynth Group (LSE:NNN) 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.

Nanosynth Group's Days Inventory for the six months ended in Jun. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2022 )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
	=	0.0125	/	0.067	*	365 / 2
	=	34.05

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.

Nanosynth Group's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	0.0125	/	0.01
	=	1.25

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.

Nanosynth Group Inventory Turnover Related Terms

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Nanosynth Group (LSE:NNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanosynth Group PLC (LSE:NNN) » Definitions » Inventory Turnover

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Address

27-28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.nanosynthgroup.com

Nanosynth Group PLC specialises in the synthesis and application of nanoparticles to create new and improved existing products The company, through its subsidiary, develops and manufactures digital monitoring and safeguarding systems for rotating shafts and security and risk management consultancy. It generates maximum revenue from the developing and manufacturing digital monitoring and safeguarding systems for rotating shafts. Geographically, it derives a majority of revenue from Europe.