NICH (Nitches) Inventory Turnover: 1.00 (As of Aug. 2024)

What is Nitches Inventory Turnover?

Nitches NICH +10.00% 12 Inventory Turnover is 1.00 as of Aug. 2024. GuruFocus rates NICH with a GF Score™ of 12/100.

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. Nitches's Cost of Goods Sold for the three months ended in Aug. 2024 was $0.15 Mil. Nitches's Average Total Inventories for the quarter that ended in Aug. 2024 was $0.15 Mil. Nitches's Inventory Turnover for the quarter that ended in Aug. 2024 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nitches's Days Inventory for the three months ended in Aug. 2024 was 91.25.

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.

Nitches (OTCPK:NICH) 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.

Nitches's Days Inventory for the three months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	0.152	/	0.152	*	365 / 4
	=	91.25

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.

Nitches's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	0.152	/	0
	=

* 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.

Nitches Inventory Turnover Related Terms

Nitches Inventory Turnover Historical Data

* Premium members only.

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

Nitches Inventory Turnover Chart

Nitches Annual Data

Trend

Aug01

Aug02

Aug03

Aug04

Aug05

Aug06

Aug07

Aug22

Aug23

Aug24

Inventory Turnover

Get a 7-Day Free Trial

4.70

4.87

0.00

0.16

1.13

Nitches Quarterly Data
	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Inventory Turnover	Get a 7-Day Free Trial															0.04	-0.01	0.01	0.01	1.00

12GF Score

Nitches Inc NICH

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

View Full Analysis

Nitches Inventory Turnover Calculation

Nitches's Inventory Turnover for the fiscal year that ended in Aug. 2024 is calculated as

	Inventory Turnover (A: Aug. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2024 )	/ (	(Total Inventories (A: Aug. 2023 )	+	Total Inventories (A: Aug. 2024 ))	/	count )
=	0.152	/ (	(0.135	+	0)	/	1 )
=	0.152	/	0.135
=	1.13

Nitches's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

	Inventory Turnover (Q: Aug. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2024 )	/ (	(Total Inventories (Q: May. 2024 )	+	Total Inventories (Q: Aug. 2024 ))	/	count )
=	0.152	/ (	(0.152	+	0)	/	1 )
=	0.152	/	0.152
=	1.00

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.00 mean?

Nitches (NICH) has a Inventory Turnover of 1.00 as of Aug. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nitches and its competitors.

Is Nitches' Inventory Turnover too high?

Nitches' current Inventory Turnover is 1.00. Overall, Nitches has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Nitches' Inventory Turnover compare to DLAPQ and RL?

Nitches' Inventory Turnover of 1.00 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?

A good Inventory Turnover depends on the Manufacturing - Apparel & Accessories 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 Nitches and its competitors. Nitches's current Inventory Turnover is 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nitches stock overvalued right now?

Nitches (NICH) has a current Inventory Turnover of 1.00. The current Inventory Turnover is 1.00. Nitches' overall GF Score™ is 12/100. 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 Nitches (NICH), the current Inventory Turnover is 1.00 as of Aug. 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.

Nitches Business Description

Industry Consumer Cyclical Manufacturing - Apparel & Accessories

Comparable Companies DLAPQ OSTO:HM B MIL:MONC RL LEVI WAR:LPP TSX:GIL VFC HKSE:03998 PVH BOM:532827 SHSE:600177 TPE:1476 SHSE:600398 COLM KTB NSE:ABFRL BOM:543463 UAA XTER:BOSS

Address 1333 North Buffalo Drive, Unit 210, Las Vegas, NV, USA, 89128

Website http://www.nitchescorp.com

Nitches Inc is a company engaged in the production and distribution of household goods, lifestyle products, travel and leisure items, sports goods, and clothing. The company works with retailers to develop clothing lines and also develops its own lines under multiple registered trademarks. Majority of its clothing products are manufactured overseas and imported in bulk for sorting, packing, and distribution in the United States. Nitches serves a wide retail network, including department stores and specialty retailers, and generates revenue prominently through wholesale distribution of its apparel and related goods. The company white-labels its manufactured products under the brand names of Social Media Partners and distributes them in an online department store.

12GF Score

Get the complete analysis for NICH

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

$0.00

Price

View NICH Analysis

See Inventory Turnover data for all stocks →