NRW Holdings (NRW Holdings) Inventory Turnover : 6.12 (As of Dec. 2023)

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What is NRW Holdings 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. NRW Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $416 Mil. NRW Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $68 Mil. NRW Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NRW Holdings's Days Inventory for the six months ended in Dec. 2023 was 29.82.

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. NRW Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

NRW Holdings Inventory Turnover Historical Data

The historical data trend for NRW Holdings'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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NRW Holdings Inventory Turnover Chart

NRW Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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17.63

20.27

18.24

16.66

13.78

NRW Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															8.41	9.00	7.39	6.29	6.12

NRW Holdings Inventory Turnover Calculation

NRW Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	788.763	/ (	(49.151	+	65.301)	/	2 )
=	788.763	/	57.226
=	13.78

NRW Holdings'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 )
=	415.63	/ (	(65.301	+	70.513)	/	2 )
=	415.63	/	67.907
=	6.12

NRW Holdings (OTCPK:NRWWF) 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.

NRW Holdings'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
	=	67.907	/	415.63	*	365 / 2
	=	29.82

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.

NRW Holdings'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 )
	=	67.907	/	954.879
	=	0.07

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.

NRW Holdings Inventory Turnover Related Terms

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NRW Holdings (NRW Holdings) Business Description

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NWH:Australia

Address

181 Great Eastern Highway, Belmont, Perth, WA, AUS, 6104

Website

https://www.nrw.com.au

NRW Holdings Ltd is a provider of diversified contract services to the resources and infrastructure sectors. The company's operating segment includes Civil; Mining and Minerals, Energy and Technologies. It generates maximum revenue from the Mining segment. The Mining business specialises in mine management, contract mining, load and haul, dragline operations, drill and blast, coal handling prep plants, maintenance services and the fabrication of water and service vehicles.

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