NORMA Group SE (NORMA Group SE) Inventory Turnover : 0.60 (As of Mar. 2024)

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What is NORMA Group SE 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. NORMA Group SE's Cost of Goods Sold for the three months ended in Mar. 2024 was $144 Mil. NORMA Group SE's Average Total Inventories for the quarter that ended in Mar. 2024 was $241 Mil. NORMA Group SE's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NORMA Group SE's Days Inventory for the three months ended in Mar. 2024 was 152.89.

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. NORMA Group SE's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.72.

NORMA Group SE Inventory Turnover Historical Data

The historical data trend for NORMA Group SE'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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NORMA Group SE Inventory Turnover Chart

NORMA Group SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.64

2.68

2.58

2.45

2.39

NORMA Group SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.59	0.64	0.57	0.57	0.60

NORMA Group SE Inventory Turnover Calculation

NORMA Group SE'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 )
=	605.017	/ (	(265.674	+	240.017)	/	2 )
=	605.017	/	252.8455
=	2.39

NORMA Group SE's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	143.95	/ (	(240.017	+	242.352)	/	2 )
=	143.95	/	241.1845
=	0.60

NORMA Group SE (OTCPK:NOEJF) 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.

NORMA Group SE's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	241.1845	/	143.95	*	365 / 4
	=	152.89

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.

NORMA Group SE's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	241.1845	/	335.372
	=	0.72

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.

NORMA Group SE Inventory Turnover Related Terms

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NORMA Group SE (NORMA Group SE) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NORMA Group SE (OTCPK:NOEJF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

0P38:UK NOEJ:Germany NOEJ:Austria

Address

Edisonstrasse 4, Maintal, DEU, 63477

Website

https://www.normagroup.com

NORMA Group SE manufactures a wide range of joining technology solutions. Its products are primarily constructed from steel and help seal, connect, or ensure reliable flow of liquids, gases, and other elements. The components and finished solutions are used in various industries and can be found in transportation vehicles, household appliances, engines, plumbing systems, and medical fields. Norma has three primary product categories: clamps, joining elements, and fluid systems/connectors. It supplies single-component, multicomponent, and complex systems to meet customer requirements. The company uses a global sales and distribution network to reach customers and supply customized solutions across Europe, the Americas, and Asia-Pacific.

NORMA Group SE (NORMA Group SE) Headlines

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