NICH (Nitches) Inventory Turnover : 0.01 (As of May. 2024)

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What is Nitches Inventory Turnover?

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 May. 2024 was $0.00 Mil. Nitches's Average Total Inventories for the quarter that ended in May. 2024 was $0.14 Mil. Nitches's Inventory Turnover for the quarter that ended in May. 2024 was 0.01.

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 May. 2024 was 13,094.38.

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 Inventory Turnover Historical Data

The historical data trend for Nitches'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.

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Nitches Inventory Turnover Chart

Nitches Annual Data

Trend

Aug00

Aug01

Aug02

Aug03

Aug04

Aug05

Aug06

Aug07

Aug22

Aug23

Inventory Turnover

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5.16

4.70

4.87

0.16

Nitches Quarterly Data
	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Inventory Turnover	Get a 7-Day Free Trial															0.04	0.04	-0.01	0.01	0.01

Nitches Inventory Turnover Calculation

Nitches's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	0.021	/ (	(0.131	+	0.135)	/	2 )
=	0.021	/	0.133
=	0.16

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

	Inventory Turnover (Q: May. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2024 )	/ (	(Total Inventories (Q: Feb. 2024 )	+	Total Inventories (Q: May. 2024 ))	/	count )
=	0.001	/ (	(0.135	+	0.152)	/	2 )
=	0.001	/	0.1435
=	0.01

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 May. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2024 )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
	=	0.1435	/	0.001	*	365 / 4
	=	13,094.38

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 May. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2024 )	/	Revenue (Q: May. 2024 )
	=	0.1435	/	0
	=

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

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Nitches Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitches Inc (OTCPK:NICH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1333 N Buffalo Drive, Unit 210, Las Vegas, NV, USA, 89128

Website

https://www.nitchescorp.com

Nitches Inc is focused on distribution and production of household, lifestyle, travel & leisure, and sports goods and clothing, with a long-term objective of bringing sustainable business practices to the supply chain for these products. The company is in the business of wholesale manufactured goods and white-labels them under the brand names of their Social Media Partners and also distributes them in an online department store, where its social media partners can sell their respective white labeled merchandise to their audience.

Executives

T. Jefferson Straub	director	C/O NITCHES, INC., 10280 CAMINO SANTA FE, SAN DIEGO CA 92121
Eitan X. Haber	officer: COO & Senior VP	C/O NITCHES, INC., 10280 CAMINO SANTA FE, SAN DIEGO CA 92121
Haresh Tharani	10 percent owner	1400 BROADWAY, 33RD FLOOR, NEW YORK NY 10018
Paul M Wyandt	director, officer: President & COO	10445 ABALONE LANDING, SAN DIEGO CA 92130
Price Eugene B Ii	director
Michael D Sholtis	director	10280 CAMINO SANTA FE, SAN DIEGO CA 92121