National Mineral Water CoOG (MUS:NMWI) Inventory Turnover: 0.51 (As of Jun. 2024)

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What is National Mineral Water CoOG Inventory Turnover?

National Mineral Water CoOG MUS:NMWI Inventory Turnover is 0.51 as of Jun. 2024.

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. National Mineral Water CoOG's Cost of Goods Sold for the three months ended in Jun. 2024 was ر.ع0.95 Mil. National Mineral Water CoOG's Average Total Inventories for the quarter that ended in Jun. 2024 was ر.ع1.85 Mil. National Mineral Water CoOG's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Mineral Water CoOG's Days Inventory for the three months ended in Jun. 2024 was 177.27.

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. National Mineral Water CoOG's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.25.

National Mineral Water CoOG  (MUS:NMWI) 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.

National Mineral Water CoOG's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=1.8455/0.95*365 / 4
=177.27

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.

National Mineral Water CoOG's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=1.8455 / 1.477
=1.25

* 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.

National Mineral Water CoOG Inventory Turnover Related Terms

National Mineral Water CoOG Inventory Turnover Historical Data

* Premium members only.

The historical data trend for National Mineral Water CoOG'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.

National Mineral Water CoOG Inventory Turnover Chart

National Mineral Water CoOG Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.09 6.16 5.79 3.36 2.25

National Mineral Water CoOG Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.64 0.53 0.50 0.46 0.51

National Mineral Water CoOG Inventory Turnover Calculation

National Mineral Water CoOG'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 )
=3.772 / ((1.639 + 1.717) / 2 )
=3.772 / 1.678
=2.25

National Mineral Water CoOG's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover (Q: Jun. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2024 ) / ((Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count )
=0.95 / ((1.923 + 1.768) / 2 )
=0.95 / 1.8455
=0.51

* 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 0.51 mean?
National Mineral Water CoOG (MUS:NMWI) has a Inventory Turnover of 0.51 as of Jun. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on National Mineral Water CoOG and its competitors.
Is National Mineral Water CoOG's Inventory Turnover too high?
National Mineral Water CoOG's current Inventory Turnover is 0.51.
How does National Mineral Water CoOG's Inventory Turnover compare to MOJO and RMHB?
National Mineral Water CoOG's Inventory Turnover of 0.51 can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good Inventory Turnover depends on the Beverages - Non-Alcoholic 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 National Mineral Water CoOG and its competitors. National Mineral Water CoOG's current Inventory Turnover is 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Mineral Water CoOG stock overvalued right now?
National Mineral Water CoOG (MUS:NMWI) has a current Inventory Turnover of 0.51. The current Inventory Turnover is 0.51. 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 National Mineral Water CoOG (MUS:NMWI), the current Inventory Turnover is 0.51 as of Jun. 2024. 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.

National Mineral Water CoOG Business Description

Address P.O. Box 2740, Ruwi, Muscat, OMN, 112
National Mineral Water Co SAOG is an Oman-based company. It is engaged in investment, agency business, import, export, trading in food and non-food products, recycling of polyethylene terephthalate (PET) bottles, and manufacturing of value added PET related products. The company receives maximum revenue from manufacturing. The company operates in two product segments that are Bottled Water and Traded/co-manufactured Products.