NMAKF (NemakB de CV) Inventory Turnover : 1.17 (As of Sep. 2024)

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What is NemakB de CV 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. NemakB de CV's Cost of Goods Sold for the three months ended in Sep. 2024 was $1,065 Mil. NemakB de CV's Average Total Inventories for the quarter that ended in Sep. 2024 was $912 Mil. NemakB de CV's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NemakB de CV's Days Inventory for the three months ended in Sep. 2024 was 78.10.

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. NemakB de CV's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.74.

NemakB de CV Inventory Turnover Historical Data

The historical data trend for NemakB de CV'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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NemakB de CV Inventory Turnover Chart

NemakB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.71

4.79

4.56

4.98

5.09

NemakB de CV Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.29	1.20	1.17	1.21	1.17

NemakB de CV Inventory Turnover Calculation

NemakB de CV'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 )
=	4456.287	/ (	(846.375	+	904.049)	/	2 )
=	4456.287	/	875.212
=	5.09

NemakB de CV's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1065.35	/ (	(901.155	+	922.44)	/	2 )
=	1065.35	/	911.7975
=	1.17

NemakB de CV (OTCPK:NMAKF) 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.

NemakB de CV's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	911.7975	/	1065.35	*	365 / 4
	=	78.10

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.

NemakB de CV's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	911.7975	/	1224.316
	=	0.74

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.

NemakB de CV Inventory Turnover Related Terms

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NemakB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nemak SAB de CV (OTCPK:NMAKF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

NEMAKA:Mexico

Address

Libramiento Arco Vial Km. 3.8, Garcia, Mexico, NL, MEX, 66017

Website

https://www.nemak.com

Nemak SAB de CV is a Mexican company that is active in the automotive industry. The company is engaged in the production of complex aluminum components for powertrain and body structure applications. Its product portfolio includes cylinder heads, engine blocks, transmission parts, structural parts, cargo floor reinforcement, reinforcement side members, transmission housing, shock tower, cross member, support bracket, frame rail, and other components. The company has business operations in Canada, the United States, Mexico, Brazil, Spain, Germany, Poland, Russia, India, China, and others. Nemak earns nearly half of its revenue from North America.