NRBT (Novus Robotics) Inventory Turnover: 2.27 (As of Mar. 2019)

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NRBT Novus Robotics Inc NRBT
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What is Novus Robotics Inventory Turnover?

Novus Robotics NRBT 12 Inventory Turnover is 2.27 as of Mar. 2019. GuruFocus rates NRBT with a GF Score™ of 12/100.

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. Novus Robotics's Cost of Goods Sold for the three months ended in Mar. 2019 was $0.49 Mil. Novus Robotics's Average Total Inventories for the quarter that ended in Mar. 2019 was $0.22 Mil. Novus Robotics's Inventory Turnover for the quarter that ended in Mar. 2019 was 2.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novus Robotics's Days Inventory for the three months ended in Mar. 2019 was 40.28.

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. Novus Robotics's Inventory-to-Revenue for the quarter that ended in Mar. 2019 was 0.24.

Novus Robotics  (OTCPK:NRBT) 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.

Novus Robotics's Days Inventory for the three months ended in Mar. 2019 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2019 )/Cost of Goods Sold (Q: Mar. 2019 )*Days in Period
=0.215/0.487*365 / 4
=40.28

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.

Novus Robotics's Inventory to Revenue for the quarter that ended in Mar. 2019 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2019 ) / Revenue (Q: Mar. 2019 )
=0.215 / 0.879
=0.24

* 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.

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.

Novus Robotics Inventory Turnover Related Terms

Novus Robotics Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Novus Robotics'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.

Novus Robotics Inventory Turnover Chart

Novus Robotics Annual Data
Trend May09 May10 May11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.66 5.16 0.92 1.93 3.32

Novus Robotics Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.26 2.11 0.06 0.56 2.27
NRBT
12GF Score
Novus Robotics Inc NRBT
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Novus Robotics Inventory Turnover Calculation

Novus Robotics's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Inventory Turnover (A: Dec. 2018 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2018 ) / ((Total Inventories (A: Dec. 2017 ) + Total Inventories (A: Dec. 2018 )) / count )
=1.852 / ((0.692 + 0.422) / 2 )
=1.852 / 0.557
=3.32

Novus Robotics's Inventory Turnover for the quarter that ended in Mar. 2019 is calculated as

Inventory Turnover (Q: Mar. 2019 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2019 ) / ((Total Inventories (Q: Dec. 2018 ) + Total Inventories (Q: Mar. 2019 )) / count )
=0.487 / ((0.422 + 0.008) / 2 )
=0.487 / 0.215
=2.27

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.27 mean?
Novus Robotics (NRBT) has a Inventory Turnover of 2.27 as of Mar. 2019. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Novus Robotics and its competitors.
Is Novus Robotics' Inventory Turnover too high?
Novus Robotics' current Inventory Turnover is 2.27. Overall, Novus Robotics has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novus Robotics' Inventory Turnover compare to SEII?
Novus Robotics' Inventory Turnover of 2.27 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Novus Robotics and its competitors. Novus Robotics's current Inventory Turnover is 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novus Robotics stock overvalued right now?
Novus Robotics (NRBT) has a current Inventory Turnover of 2.27. The current Inventory Turnover is 2.27. Novus Robotics' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Novus Robotics (NRBT), the current Inventory Turnover is 2.27 as of Mar. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Novus Robotics Business Description

Address 7669 Kimbel Street, Mississauga, ON, CAN, L5S 1A7
Novus Robotics Inc is involved in engineering, designing, and manufacturing robotics and automation solutions for tube forming machines. It provides state of the art technology for the Automotive Industry in passenger seating and for Aluminum applications for automotive panels and bumpers. The company also makes precision components using its manufacturing systems, knowledge, and technology.
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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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