Norsk Titanium AS (Norsk Titanium AS) Inventory Turnover : 0.47 (As of Dec. 2023)

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What is Norsk Titanium AS 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. Norsk Titanium AS's Cost of Goods Sold for the six months ended in Dec. 2023 was $2.69 Mil. Norsk Titanium AS's Average Total Inventories for the quarter that ended in Dec. 2023 was $5.76 Mil. Norsk Titanium AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norsk Titanium AS's Days Inventory for the six months ended in Dec. 2023 was 390.57.

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. Norsk Titanium AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.39.

Norsk Titanium AS Inventory Turnover Historical Data

The historical data trend for Norsk Titanium AS'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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Norsk Titanium AS Inventory Turnover Chart

Norsk Titanium AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.77

0.86

0.76

0.70

0.91

Norsk Titanium AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					0.48	0.39	0.35	0.44	0.47

Norsk Titanium AS Inventory Turnover Calculation

Norsk Titanium AS'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 )
=	5.078	/ (	(5.259	+	5.886)	/	2 )
=	5.078	/	5.5725
=	0.91

Norsk Titanium AS's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2.691	/ (	(5.632	+	5.886)	/	2 )
=	2.691	/	5.759
=	0.47

Norsk Titanium AS (OTCPK:NORSF) 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.

Norsk Titanium AS's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	5.759	/	2.691	*	365 / 2
	=	390.57

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.

Norsk Titanium AS's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	5.759	/	1.311
	=	4.39

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.

Norsk Titanium AS Inventory Turnover Related Terms

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Norsk Titanium AS (Norsk Titanium AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Norsk Titanium AS (OTCPK:NORSF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

NTI:Norway 84F:Germany

Address

Flyplassveien 20, Honefoss, NOR, 3514

Website

https://www.norsktitanium.com

Norsk Titanium AS is a producer of aerospace-grade, additively manufactured, structural titanium components for commercial aerospace tier-one suppliers. Its patented RPD technology revolutionizes the industry by pioneering a new era of on-demand metal additive manufacturing that delivers 3D-printed, structural titanium, providing substantial lead-time and cost savings to the aerospace, defence, and industrial markets.

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