Nizhnekamskshina PJSC (MIC:NKSH) Inventory Turnover: 42.03 (As of Dec. 2022)

What is Nizhnekamskshina PJSC Inventory Turnover?

Nizhnekamskshina PJSC MIC:NKSH +3.19% 17 Inventory Turnover is 42.03 as of Dec. 2022. GuruFocus rates MIC:NKSH with a GF Score™ of 17/100.

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. Nizhnekamskshina PJSC's Cost of Goods Sold for the six months ended in Dec. 2022 was ₽3,597 Mil. Nizhnekamskshina PJSC's Average Total Inventories for the quarter that ended in Dec. 2022 was ₽86 Mil. Nizhnekamskshina PJSC's Inventory Turnover for the quarter that ended in Dec. 2022 was 42.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nizhnekamskshina PJSC's Days Inventory for the six months ended in Dec. 2022 was 4.34.

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. Nizhnekamskshina PJSC's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.02.

Nizhnekamskshina PJSC (MIC:NKSH) 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.

Nizhnekamskshina PJSC's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	85.5765	/	3596.921	*	365 / 2
	=	4.34

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.

Nizhnekamskshina PJSC's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	85.5765	/	4696.142
	=	0.02

* 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.

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.

Nizhnekamskshina PJSC Inventory Turnover Related Terms

Nizhnekamskshina PJSC Inventory Turnover Historical Data

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The historical data trend for Nizhnekamskshina PJSC's Inventory Turnover can be seen below:

Nizhnekamskshina PJSC Inventory Turnover Chart

Nizhnekamskshina PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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75.31

91.10

84.94

64.38

83.82

Nizhnekamskshina PJSC Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Inventory Turnover	Get a 7-Day Free Trial															27.78	29.26	29.95	39.59	42.03

17GF Score

Nizhnekamskshina PJSC MIC:NKSH

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Nizhnekamskshina PJSC Inventory Turnover Calculation

Nizhnekamskshina PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	7626.545	/ (	(107.196	+	74.769)	/	2 )
=	7626.545	/	90.9825
=	83.82

Nizhnekamskshina PJSC's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	3596.921	/ (	(96.384	+	74.769)	/	2 )
=	3596.921	/	85.5765
=	42.03

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 42.03 mean?

Nizhnekamskshina PJSC (MIC:NKSH) has a Inventory Turnover of 42.03 as of Dec. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nizhnekamskshina PJSC and its competitors.

Is Nizhnekamskshina PJSC's Inventory Turnover too high?

Nizhnekamskshina PJSC's current Inventory Turnover is 42.03. Overall, Nizhnekamskshina PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Nizhnekamskshina PJSC's Inventory Turnover compare to MBLY and APTV?

Nizhnekamskshina PJSC's Inventory Turnover of 42.03 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Vehicles & Parts company?

A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nizhnekamskshina PJSC and its competitors. Nizhnekamskshina PJSC's current Inventory Turnover is 42.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nizhnekamskshina PJSC stock overvalued right now?

Nizhnekamskshina PJSC (MIC:NKSH) has a current Inventory Turnover of 42.03. The current Inventory Turnover is 42.03. Nizhnekamskshina PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Nizhnekamskshina PJSC (MIC:NKSH), the current Inventory Turnover is 42.03 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nizhnekamskshina PJSC Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies WAR:ITB WAR:PBX WAR:CPR WAR:MSW WAR:MSZ WAR:RRH WAR:PJP WAR:DEK WAR:MSP WAR:NVA TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON

Address Republic Of Tatarstan, Territory of industrial zone, Building 116, office 1., Nizhnekamsk, RUS, 423580

Website http://shinakama.tatneft.ru

Nizhnekamskshina PJSC is a Russian company engaged in the manufacture of tires for passenger cars and light-duty tires in the CIS countries.

17GF Score

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