NEFAZ PTC (MIC:NFAZ) Inventory Turnover : 1.69 (As of Dec. 2023)

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What is NEFAZ PTC 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. NEFAZ PTC's Cost of Goods Sold for the three months ended in Dec. 2023 was ₽10,573 Mil. NEFAZ PTC's Average Total Inventories for the quarter that ended in Dec. 2023 was ₽6,252 Mil. NEFAZ PTC's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NEFAZ PTC's Days Inventory for the three months ended in Dec. 2023 was 53.96.

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. NEFAZ PTC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.

NEFAZ PTC Inventory Turnover Historical Data

The historical data trend for NEFAZ PTC'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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NEFAZ PTC Inventory Turnover Chart

NEFAZ PTC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.78

7.69

9.52

6.93

5.66

NEFAZ PTC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.17	-	-	1.22	1.69

NEFAZ PTC Inventory Turnover Calculation

NEFAZ PTC's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	33339.343	/ (	(0	+	5886.317)	/	1 )
=	33339.343	/	5886.317
=	5.66

NEFAZ PTC's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	10572.772	/ (	(6618.229	+	5886.317)	/	2 )
=	10572.772	/	6252.273
=	1.69

NEFAZ PTC (MIC:NFAZ) 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.

NEFAZ PTC's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	6252.273	/	10572.772	*	365 / 4
	=	53.96

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.

NEFAZ PTC's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6252.273	/	10969.523
	=	0.57

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.

NEFAZ PTC Inventory Turnover Related Terms

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NEFAZ PTC (MIC:NFAZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NEFAZ PTC (MIC:NFAZ) » Definitions » Inventory Turnover

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N/A

Address

3 Ul Yanaulskaya, Neftekamsky, RUS, 452680

Website

http://www.nefaz.ru

NEFAZ PTC is engaged in the manufacture of passenger buses, tank-loading equipment, trailers and semi-trailers, and spare parts.

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