NXMH (Next Meats Holdings) Inventory Turnover: 1.91 (As of Jan. 2024)

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What is Next Meats Holdings Inventory Turnover?

Next Meats Holdings NXMH +94.37% Inventory Turnover is 1.91 as of Jan. 2024.

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. Next Meats Holdings's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.21 Mil. Next Meats Holdings's Average Total Inventories for the quarter that ended in Jan. 2024 was $0.11 Mil. Next Meats Holdings's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Next Meats Holdings's Days Inventory for the three months ended in Jan. 2024 was 47.77.

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. Next Meats Holdings's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.42.

Next Meats Holdings  (OTCPK:NXMH) 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.

Next Meats Holdings's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jan. 2024 )/Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=0.1115/0.213*365 / 4
=47.77

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.

Next Meats Holdings's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jan. 2024 ) / Revenue (Q: Jan. 2024 )
=0.1115 / 0.265
=0.42

* 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.

Next Meats Holdings Inventory Turnover Related Terms

Next Meats Holdings Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Next Meats 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.

Next Meats Holdings Inventory Turnover Chart

Next Meats Holdings Annual Data
Trend Apr20 Apr21 Apr22 Apr23
Inventory Turnover
0.00 0.00 9.55 3.62

Next Meats Holdings Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.44 1.20 1.13 1.28 1.91

Next Meats Holdings Inventory Turnover Calculation

Next Meats Holdings's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

Inventory Turnover (A: Apr. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Apr. 2023 ) / ((Total Inventories (A: Apr. 2022 ) + Total Inventories (A: Apr. 2023 )) / count )
=1.327 / ((0.598 + 0.135) / 2 )
=1.327 / 0.3665
=3.62

Next Meats Holdings's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover (Q: Jan. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jan. 2024 ) / ((Total Inventories (Q: Oct. 2023 ) + Total Inventories (Q: Jan. 2024 )) / count )
=0.213 / ((0.141 + 0.082) / 2 )
=0.213 / 0.1115
=1.91

* 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 1.91 mean?
Next Meats Holdings (NXMH) has a Inventory Turnover of 1.91 as of Jan. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Next Meats Holdings and its competitors.
Is Next Meats Holdings' Inventory Turnover too high?
Next Meats Holdings' current Inventory Turnover is 1.91.
How does Next Meats Holdings' Inventory Turnover compare to NGTF and SHRG?
Next Meats Holdings' Inventory Turnover of 1.91 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Inventory Turnover depends on the Consumer Packaged Goods 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 Next Meats Holdings and its competitors. Next Meats Holdings's current Inventory Turnover is 1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next Meats Holdings stock overvalued right now?
Next Meats Holdings (NXMH) has a current Inventory Turnover of 1.91. The current Inventory Turnover is 1.91. 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 Next Meats Holdings (NXMH), the current Inventory Turnover is 1.91 as of Jan. 2024. 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.

Next Meats Holdings Business Description

Address 79-49 Motomachi, Niseko, Abuta District, Hokkaido, JPN, 048-1544
Next Meats Holdings Inc. is a Japanese company that operates in the industry that provides an alternative to meat. It develops and sells alternative meat products, with ingredients derived, predominantly, plant-based materials.