HBM Nigeria (NSA:HBMNG) Inventory Turnover: 1.16 (As of Jun. 2026)

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NSA:HBMNG HBM Nigeria PLC NSA:HBMNG
77 GF Score
Price ₦334.00
GF Value ₦139.56
Valuation Significantly Overvalued
! 3 Warning Signs
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What is HBM Nigeria Inventory Turnover?

HBM Nigeria NSA:HBMNG 77 Inventory Turnover is 1.16 as of Jun. 2026. GuruFocus rates NSA:HBMNG with a GF Score™ of 77/100 and a GF Value™ of ₦139.56 (Significantly Overvalued). The stock has 3 warning signs investors should review.

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. HBM Nigeria's Cost of Goods Sold for the three months ended in Jun. 2026 was ₦127,203 Mil. HBM Nigeria's Average Total Inventories for the quarter that ended in Jun. 2026 was ₦110,045 Mil. HBM Nigeria's Inventory Turnover for the quarter that ended in Jun. 2026 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HBM Nigeria's Days Inventory for the three months ended in Jun. 2026 was 78.94.

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. HBM Nigeria's Inventory-to-Revenue for the quarter that ended in Jun. 2026 was 0.32.

HBM Nigeria  (NSA:HBMNG) 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.

HBM Nigeria's Days Inventory for the three months ended in Jun. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2026 )/Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=110045.21/127203.484*365 / 4
=78.94

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.

HBM Nigeria's Inventory to Revenue for the quarter that ended in Jun. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2026 ) / Revenue (Q: Jun. 2026 )
=110045.21 / 343528.483
=0.32

* 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.

HBM Nigeria Inventory Turnover Related Terms

HBM Nigeria Inventory Turnover Historical Data

* Premium members only.

The historical data trend for HBM Nigeria'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.

HBM Nigeria Inventory Turnover Chart

HBM Nigeria Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.96 3.61 3.70 4.42 4.15

HBM Nigeria Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.88 0.89 1.09 1.16 1.16
NSA:HBMNG
77GF Score
HBM Nigeria PLC NSA:HBMNG
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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HBM Nigeria Inventory Turnover Calculation

HBM Nigeria's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=448936.726 / ((104192.035 + 112116.985) / 2 )
=448936.726 / 108154.51
=4.15

HBM Nigeria's Inventory Turnover for the quarter that ended in Jun. 2026 is calculated as

Inventory Turnover (Q: Jun. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2026 ) / ((Total Inventories (Q: Mar. 2026 ) + Total Inventories (Q: Jun. 2026 )) / count )
=127203.484 / ((110637.089 + 109453.331) / 2 )
=127203.484 / 110045.21
=1.16

* 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 1.16 mean?
HBM Nigeria (NSA:HBMNG) has a Inventory Turnover of 1.16 as of Jun. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on HBM Nigeria and its competitors.
Is HBM Nigeria's Inventory Turnover too high?
HBM Nigeria's current Inventory Turnover is 1.16. Overall, HBM Nigeria has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HBM Nigeria's Inventory Turnover compare to CRH and VMC?
HBM Nigeria's Inventory Turnover of 1.16 can be compared against companies in the Building Materials 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 a Building Materials company?
A good Inventory Turnover depends on the Building Materials 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 HBM Nigeria and its competitors. HBM Nigeria's current Inventory Turnover is 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBM Nigeria stock overvalued right now?
Based on GuruFocus' analysis, HBM Nigeria (NSA:HBMNG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦139.56, compared to a current price of ₦334.00 — trading 139.3% above its estimated fair value. The current Inventory Turnover is 1.16. HBM Nigeria's overall GF Score™ is 77/100 with 3 warning signs to review. 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 HBM Nigeria (NSA:HBMNG), the current Inventory Turnover is 1.16 as of Jun. 2026. 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.

Is HBM Nigeria (NSA:HBMNG) Overvalued in 2026?

Based on GuruFocus' analysis, HBM Nigeria stock appears to be overvalued. The current stock price of ₦334.00 is trading 139.3% above its estimated GF Value™ of ₦139.56. GuruFocus considers HBM Nigeria to be Significantly Overvalued.

Key valuation signals for NSA:HBMNG:

  • Inventory Turnover: 1.16
  • GF Value™: ₦139.56 vs. price of ₦334.00 (139.3% above fair value)
  • GF Score™: 77/100 with 3 warning signs

No single metric tells the full story. See the NSA:HBMNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HBM Nigeria Business Description

Address No. 27B, Gerrard Road, Ikoyi, Lagos, NGA
Lafarge Africa PLC through its subsidiaries is engaged in manufacturing and marketing of cement, concrete, and aggregates products, including the provision of building solutions. The brands in products portfolio of the company includes ECOPlanet Unicem, Elephant cement, ThermoSet, Watershield, Powermax, and Supaset cement among others. It has two segments Cement & Readymix products. The majority of the revenue is generated from the cement segment.
77GF Score

Get the complete analysis for NSA:HBMNG

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦334.00
Price
₦139.56
GF Value