NCKAF (Nickel Asia) Inventory Turnover: 0.63 (As of Mar. 2026)

What is Nickel Asia Inventory Turnover?

Nickel Asia NCKAF 91 Inventory Turnover is 0.63 as of Mar. 2026. GuruFocus rates NCKAF with a GF Score™ of 91/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 3 warning signs investors should review.

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. Nickel Asia's Cost of Goods Sold for the three months ended in Mar. 2026 was $31.3 Mil. Nickel Asia's Average Total Inventories for the quarter that ended in Mar. 2026 was $49.9 Mil. Nickel Asia's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nickel Asia's Days Inventory for the three months ended in Mar. 2026 was 145.42.

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. Nickel Asia's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.00.

Nickel Asia (OTCPK:NCKAF) 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.

Nickel Asia's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	49.8545	/	31.283	*	365 / 4
	=	145.42

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.

Nickel Asia's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	49.8545	/	49.785
	=	1.00

* 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.

Nickel Asia Inventory Turnover Related Terms

Nickel Asia Inventory Turnover Historical Data

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The historical data trend for Nickel Asia's Inventory Turnover can be seen below:

Nickel Asia Inventory Turnover Chart

Nickel Asia Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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4.78

5.57

4.89

4.12

5.08

Nickel Asia Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.61	1.57	1.63	1.43	0.63

91GF Score

Nickel Asia Corp NCKAF

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

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Nickel Asia Inventory Turnover Calculation

Nickel Asia's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	248.272	/ (	(54.665	+	43.109)	/	2 )
=	248.272	/	48.887
=	5.08

Nickel Asia's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	31.283	/ (	(43.109	+	56.6)	/	2 )
=	31.283	/	49.8545
=	0.63

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.63 mean?

Nickel Asia (NCKAF) has a Inventory Turnover of 0.63 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nickel Asia and its competitors.

Is Nickel Asia's Inventory Turnover too high?

Nickel Asia's current Inventory Turnover is 0.63. Overall, Nickel Asia has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Nickel Asia's Inventory Turnover compare to competitors?

Nickel Asia's Inventory Turnover of 0.63 can be compared against companies in the Metals & Mining 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 Metals & Mining company?

A good Inventory Turnover depends on the Metals & Mining 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 Nickel Asia and its competitors. Nickel Asia's current Inventory Turnover is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nickel Asia stock overvalued right now?

Based on GuruFocus' analysis, Nickel Asia (NCKAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.10 — trading 66.7% above its estimated fair value. The current Inventory Turnover is 0.63. Nickel Asia's overall GF Score™ is 91/100 with 3 warning signs to review. 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 Nickel Asia (NCKAF), the current Inventory Turnover is 0.63 as of Mar. 2026. 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.

Is Nickel Asia (NCKAF) Overvalued in 2026?

Based on GuruFocus' analysis, Nickel Asia stock appears to be overvalued. The current stock price of $0.10 is trading 66.7% above its estimated GF Value™ of $0.06. GuruFocus considers Nickel Asia to be Significantly Overvalued.

Key valuation signals for NCKAF:

Inventory Turnover: 0.63
GF Value™: $0.06 vs. price of $0.10 (66.7% above fair value)
GF Score™: 91/100 with 3 warning signs

No single metric tells the full story. See the NCKAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nickel Asia Business Description

Industry Basic Materials Metals & Mining

Comparable Companies PHS:PX PHS:FNI PHS:CPM PHS:AB PHS:APO PHS:MARC PHS:ORE PHS:IMP PHS:NI PHS:PA ASX:BHP ASX:RIO LSE:RIO MEX:GMEXICOB LSE:GLEN BSP:VALE3 SAU:1211 LSE:AAL HKSE:03993 ASX:FMG

Other Exchanges NIKL:Philippines

Address 32nd Street, Bonifacio Global City, 28th Floor, NAC Tower, Taguig, PHL, 1634

Website https://www.nickelasia.com

Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.

91GF Score

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