MTN Nigeria Communications (NSA:MTNN) Inventory Turnover: 19.23 (As of Mar. 2026)

What is MTN Nigeria Communications Inventory Turnover?

MTN Nigeria Communications NSA:MTNN 85 Inventory Turnover is 19.23 as of Mar. 2026. GuruFocus rates NSA:MTNN with a GF Score™ of 85/100 and a GF Value™ of ₦619.55 (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. MTN Nigeria Communications's Cost of Goods Sold for the three months ended in Mar. 2026 was ₦410,951 Mil. MTN Nigeria Communications's Average Total Inventories for the quarter that ended in Mar. 2026 was ₦21,370 Mil. MTN Nigeria Communications's Inventory Turnover for the quarter that ended in Mar. 2026 was 19.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MTN Nigeria Communications's Days Inventory for the three months ended in Mar. 2026 was 4.75.

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. MTN Nigeria Communications's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.01.

MTN Nigeria Communications (NSA:MTNN) 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.

MTN Nigeria Communications's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	21369.5	/	410951	*	365 / 4
	=	4.75

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.

MTN Nigeria Communications's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	21369.5	/	1498321
	=	0.01

* 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.

MTN Nigeria Communications Inventory Turnover Related Terms

MTN Nigeria Communications Inventory Turnover Historical Data

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The historical data trend for MTN Nigeria Communications's Inventory Turnover can be seen below:

MTN Nigeria Communications Inventory Turnover Chart

MTN Nigeria Communications Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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149.01

147.81

183.14

238.32

114.74

MTN Nigeria Communications Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															59.93	43.95	30.34	21.74	19.23

85GF Score

MTN Nigeria Communications PLC NSA:MTNN

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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MTN Nigeria Communications Inventory Turnover Calculation

MTN Nigeria Communications'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 )
=	1736460	/ (	(6971	+	23298)	/	2 )
=	1736460	/	15134.5
=	114.74

MTN Nigeria Communications's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	410951	/ (	(23298	+	19441)	/	2 )
=	410951	/	21369.5
=	19.23

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 19.23 mean?

MTN Nigeria Communications (NSA:MTNN) has a Inventory Turnover of 19.23 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on MTN Nigeria Communications and its competitors.

Is MTN Nigeria Communications' Inventory Turnover too high?

MTN Nigeria Communications' current Inventory Turnover is 19.23. Overall, MTN Nigeria Communications has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does MTN Nigeria Communications' Inventory Turnover compare to TMUS and VZ?

MTN Nigeria Communications' Inventory Turnover of 19.23 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?

A good Inventory Turnover depends on the Telecommunication Services 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 MTN Nigeria Communications and its competitors. MTN Nigeria Communications's current Inventory Turnover is 19.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is MTN Nigeria Communications stock overvalued right now?

Based on GuruFocus' analysis, MTN Nigeria Communications (NSA:MTNN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦619.55, compared to a current price of ₦810.00 — trading 30.7% above its estimated fair value. The current Inventory Turnover is 19.23. MTN Nigeria Communications' overall GF Score™ is 85/100 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 MTN Nigeria Communications (NSA:MTNN), the current Inventory Turnover is 19.23 as of Mar. 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 MTN Nigeria Communications (NSA:MTNN) Overvalued in 2026?

Based on GuruFocus' analysis, MTN Nigeria Communications stock appears to be overvalued. The current stock price of ₦810.00 is trading 30.7% above its estimated GF Value™ of ₦619.55. GuruFocus considers MTN Nigeria Communications to be Significantly Overvalued.

Key valuation signals for NSA:MTNN:

Inventory Turnover: 19.23
GF Value™: ₦619.55 vs. price of ₦810.00 (30.7% above fair value)
GF Score™: 85/100 with 3 warning signs

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

MTN Nigeria Communications Business Description

Industry Communication Services Telecommunication Services

Comparable Companies NSA:LEGENDINT TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA MEX:AMXB TSE:9432 HKSE:00728 TSE:9433 TSE:9434 SAU:7010 SGX:Z74 XPAR:ORA ADX:EAND XSWX:SCMN ASX:TLS

Address 4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos, NGA

Website https://www.mtn.ng

MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, mobile broadband solutions, and fibre-to-the-home connectivity. The group operates in three reportable segments, namely, Consumer Business Unit (CBU), which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value, and Mass segments, Enterprise Business Unit (EBU), which consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU), which serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.

85GF Score

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₦810.00

Price

₦619.55

GF Value

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