Controladora NemakB De CV (MEX:NMKA) Inventory Turnover : 0.91 (As of Sep. 2021)

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What is Controladora NemakB De CV 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. Controladora NemakB De CV's Cost of Goods Sold for the three months ended in Sep. 2021 was MXN15,424 Mil. Controladora NemakB De CV's Average Total Inventories for the quarter that ended in Sep. 2021 was MXN16,997 Mil. Controladora NemakB De CV's Inventory Turnover for the quarter that ended in Sep. 2021 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Controladora NemakB De CV's Days Inventory for the three months ended in Sep. 2021 was 100.56.

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. Controladora NemakB De CV's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.99.

Controladora NemakB De CV Inventory Turnover Historical Data

The historical data trend for Controladora NemakB De CV'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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Controladora NemakB De CV Inventory Turnover Chart

Controladora NemakB De CV Annual Data

Trend

Dec17

Dec18

Dec19

Inventory Turnover

5.66

6.10

5.60

Controladora NemakB De CV Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21
Inventory Turnover	Get a 7-Day Free Trial					-	1.31	1.32	1.07	0.91

Controladora NemakB De CV Inventory Turnover Calculation

Controladora NemakB De CV's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	66276	/ (	(12518	+	11146)	/	2 )
=	66276	/	11832
=	5.60

Controladora NemakB De CV's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

	Inventory Turnover (Q: Sep. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )
=	15423.638	/ (	(16387.834	+	17605.192)	/	2 )
=	15423.638	/	16996.513
=	0.91

Controladora NemakB De CV (MEX:NMKA) 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.

Controladora NemakB De CV's Days Inventory for the three months ended in Sep. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2021 )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
	=	16996.513	/	15423.638	*	365 / 4
	=	100.56

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.

Controladora NemakB De CV's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	16996.513	/	17216.502
	=	0.99

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.

Controladora NemakB De CV Inventory Turnover Related Terms

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Controladora NemakB De CV (MEX:NMKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Controladora Nemak SAB De CV (MEX:NMKA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Librameinto Arco Vial Km 3.8, Garcia, NL, MEX, 66000

Website

https://www.nemak.com

Controladora Nemak SAB De CV manufactures and markets lightweighting solutions for the Automotive industry. The company specializes in the development of aluminum components for powertrain and body structure applications. The product portfolio includes cylinder heads, engine blocks, transmission cases, shock towers, subframes, battery housings, and other products.

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