Nigerian Breweries (NSA:NB) Inventory Turnover: 1.28 (As of Mar. 2026)

What is Nigerian Breweries Inventory Turnover?

Nigerian Breweries NSA:NB 64 Inventory Turnover is 1.28 as of Mar. 2026. GuruFocus rates NSA:NB with a GF Score™ of 64/100 and a GF Value™ of ₦30.67 (Significantly Overvalued). The stock has 2 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. Nigerian Breweries's Cost of Goods Sold for the three months ended in Mar. 2026 was ₦233,164 Mil. Nigerian Breweries's Average Total Inventories for the quarter that ended in Mar. 2026 was ₦182,855 Mil. Nigerian Breweries's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nigerian Breweries's Days Inventory for the three months ended in Mar. 2026 was 71.56.

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. Nigerian Breweries's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.44.

Nigerian Breweries (NSA:NB) 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.

Nigerian Breweries'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
	=	182855.197	/	233164.128	*	365 / 4
	=	71.56

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.

Nigerian Breweries'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 )
	=	182855.197	/	413015.586
	=	0.44

* 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.

Nigerian Breweries Inventory Turnover Related Terms

Nigerian Breweries Inventory Turnover Historical Data

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The historical data trend for Nigerian Breweries's Inventory Turnover can be seen below:

Nigerian Breweries Inventory Turnover Chart

Nigerian Breweries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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5.63

4.63

3.77

5.04

4.81

Nigerian Breweries 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															1.19	1.06	0.94	1.30	1.28

64GF Score

Nigerian Breweries PLC NSA:NB

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

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Nigerian Breweries Inventory Turnover Calculation

Nigerian Breweries'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 )
=	902239.545	/ (	(181259.479	+	193788.591)	/	2 )
=	902239.545	/	187524.035
=	4.81

Nigerian Breweries'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 )
=	233164.128	/ (	(193788.591	+	171921.803)	/	2 )
=	233164.128	/	182855.197
=	1.28

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.28 mean?

Nigerian Breweries (NSA:NB) has a Inventory Turnover of 1.28 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nigerian Breweries and its competitors.

Is Nigerian Breweries' Inventory Turnover too high?

Nigerian Breweries' current Inventory Turnover is 1.28. Overall, Nigerian Breweries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Nigerian Breweries' Inventory Turnover compare to BUD and STZ?

Nigerian Breweries' Inventory Turnover of 1.28 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?

A good Inventory Turnover depends on the Beverages - Alcoholic 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 Nigerian Breweries and its competitors. Nigerian Breweries's current Inventory Turnover is 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nigerian Breweries stock overvalued right now?

Based on GuruFocus' analysis, Nigerian Breweries (NSA:NB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦30.67, compared to a current price of ₦72.50 — trading 136.4% above its estimated fair value. The current Inventory Turnover is 1.28. Nigerian Breweries' overall GF Score™ is 64/100 with 2 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 Nigerian Breweries (NSA:NB), the current Inventory Turnover is 1.28 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 Nigerian Breweries (NSA:NB) Overvalued in 2026?

Based on GuruFocus' analysis, Nigerian Breweries stock appears to be overvalued. The current stock price of ₦72.50 is trading 136.4% above its estimated GF Value™ of ₦30.67. GuruFocus considers Nigerian Breweries to be Significantly Overvalued.

Key valuation signals for NSA:NB:

Inventory Turnover: 1.28
GF Value™: ₦30.67 vs. price of ₦72.50 (136.4% above fair value)
GF Score™: 64/100 with 2 warning signs

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

Nigerian Breweries Business Description

Industry Consumer Defensive Beverages - Alcoholic

Comparable Companies NSA:IBP NSA:GUIN BUD XZIM:DLTA.ZW BSP:ABEV3 XAMS:HEIA MEX:FEMSAUBD STZ XAMS:HEIO OCSE:CARL B TSE:2502 TSE:2503 HKSE:01876 SHSE:600600 HKSE:00291 TSX:TPX.B TAP TSE:2501 SZSE:000729 BOM:532478

Address 1, Abebe Village Road, P. O. Box 545, Iganmu House, Iganmu, Lagos, NGA, 101241

Website https://www.nbplc.com

Nigerian Breweries PLC is a Brewing firm. The company's principal activities are brewing, marketing, and selling lager, stout, non-alcoholic malt, and soft drinks. Geographically, it derives a majority of its revenue from Nigeria and also has a presence in the United Kingdom, the Netherlands, the United States of America, Canada, some parts of Africa, and parts of the Middle East and Asia. The company's brands include Star, Goldberg, Turbo King, Ace Bitters, Gulder, Maltina, Legend Extra Stout, Amstel Malta, Heineken, Maltina Sip-it, Fayrouz, Goldberg, Malta Gold, and others.

64GF Score

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

₦72.50

Price

₦30.67

GF Value

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