NNRRF (NRC Group ASA) Inventory Turnover : 1.83 (As of Dec. 2024)

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What is NRC Group ASA 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. NRC Group ASA's Cost of Goods Sold for the three months ended in Dec. 2024 was $4.6 Mil. NRC Group ASA's Average Total Inventories for the quarter that ended in Dec. 2024 was $2.5 Mil. NRC Group ASA's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NRC Group ASA's Days Inventory for the three months ended in Dec. 2024 was 49.74.

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. NRC Group ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.02.

NRC Group ASA Inventory Turnover Historical Data

The historical data trend for NRC Group ASA'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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NRC Group ASA Inventory Turnover Chart

NRC Group ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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66.63

155.77

208.91

168.03

208.36

NRC Group ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.44	1.27	19.36	1.52	1.83

NRC Group ASA Inventory Turnover Calculation

NRC Group ASA's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	577.786	/ (	(3.318	+	2.228)	/	2 )
=	577.786	/	2.773
=	208.36

NRC Group ASA's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	4.634	/ (	(2.824	+	2.228)	/	2 )
=	4.634	/	2.526
=	1.83

NRC Group ASA (OTCPK:NNRRF) 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.

NRC Group ASA's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	2.526	/	4.634	*	365 / 4
	=	49.74

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.

NRC Group ASA's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	2.526	/	154.807
	=	0.02

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.

NRC Group ASA Inventory Turnover Related Terms

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NRC Group ASA Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

NRCo:Sweden NRC:Norway 0DSJ:UK 8NR:Germany

Address

Lysaker Torg 25, Lysaker, NOR, 1366

Website

https://www.nrcgroup.com

NRC Group ASA is a contractor of rail infrastructure. It offers delivers the complete value chain and in-house capabilities for the prioritized markets of rail construction, civil construction, rail maintenance, and environmental services Its services include groundworks, concrete works, fiber, and environmental services such as water and wastewater, demolition, recycling, and bulk transport. It has three operating segments based on its geography Norway, Sweden, and Finland, each segment consists of three operating divisions Norway Operates in Rail construction, Civil construction, and Environment, Sweden operates in Rail construction, Rail maintenance, and Civil Construction and Finland Rail construction, Rail maintenance, and Materials.