Novolipetsk Steel PJSC (MIC:NLMK) Inventory Turnover: 0.98 (As of Dec. 2021)


MIC:NLMK Novolipetsk Steel PJSC MIC:NLMK
17 GF Score
Price ₽59.28
View Full Analysis

What is Novolipetsk Steel PJSC Inventory Turnover?

Novolipetsk Steel PJSC MIC:NLMK +0.30% 17 Inventory Turnover is 0.98 as of Dec. 2021. GuruFocus rates MIC:NLMK 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. Novolipetsk Steel PJSC's Cost of Goods Sold for the three months ended in Dec. 2021 was ₽173,821 Mil. Novolipetsk Steel PJSC's Average Total Inventories for the quarter that ended in Dec. 2021 was ₽177,064 Mil. Novolipetsk Steel PJSC's Inventory Turnover for the quarter that ended in Dec. 2021 was 0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novolipetsk Steel PJSC's Days Inventory for the three months ended in Dec. 2021 was 92.95.

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. Novolipetsk Steel PJSC's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.52.

Novolipetsk Steel PJSC  (MIC:NLMK) 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.

Novolipetsk Steel PJSC's Days Inventory for the three months ended in Dec. 2021 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2021 )/Cost of Goods Sold (Q: Dec. 2021 )*Days in Period
=177063.7715/173821.181*365 / 4
=92.95

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.

Novolipetsk Steel PJSC's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2021 ) / Revenue (Q: Dec. 2021 )
=177063.7715 / 342319.041
=0.52

* 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.

Novolipetsk Steel PJSC Inventory Turnover Related Terms

Novolipetsk Steel PJSC Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Novolipetsk Steel PJSC'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.

Novolipetsk Steel PJSC Inventory Turnover Chart

Novolipetsk Steel PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.88 4.56 3.98 4.33 3.87

Novolipetsk Steel PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.99 1.10 1.10 0.98 0.98
MIC:NLMK
17GF Score
Novolipetsk Steel PJSC MIC:NLMK
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Novolipetsk Steel PJSC Inventory Turnover Calculation

Novolipetsk Steel PJSC'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 )
=576249.374 / ((102318.71 + 195853.81) / 2 )
=576249.374 / 149086.26
=3.87

Novolipetsk Steel PJSC's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

Inventory Turnover (Q: Dec. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2021 ) / ((Total Inventories (Q: Sep. 2021 ) + Total Inventories (Q: Dec. 2021 )) / count )
=173821.181 / ((158273.733 + 195853.81) / 2 )
=173821.181 / 177063.7715
=0.98

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.98 mean?
Novolipetsk Steel PJSC (MIC:NLMK) has a Inventory Turnover of 0.98 as of Dec. 2021. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Novolipetsk Steel PJSC and its competitors.
Is Novolipetsk Steel PJSC's Inventory Turnover too high?
Novolipetsk Steel PJSC's current Inventory Turnover is 0.98. Overall, Novolipetsk Steel PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Novolipetsk Steel PJSC's Inventory Turnover compare to NUE and STLD?
Novolipetsk Steel PJSC's Inventory Turnover of 0.98 can be compared against companies in the Steel 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 Steel company?
A good Inventory Turnover depends on the Steel 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 Novolipetsk Steel PJSC and its competitors. Novolipetsk Steel PJSC's current Inventory Turnover is 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novolipetsk Steel PJSC stock overvalued right now?
Novolipetsk Steel PJSC (MIC:NLMK) has a current Inventory Turnover of 0.98. The current Inventory Turnover is 0.98. Novolipetsk Steel 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 Novolipetsk Steel PJSC (MIC:NLMK), the current Inventory Turnover is 0.98 as of Dec. 2021. 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.

Novolipetsk Steel PJSC Business Description

Address 2, Metallurgov Sq., Lipetsk, RUS, 398040
Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.
17GF Score

Get the complete analysis for MIC:NLMK

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₽59.28
Price