Nekkar ASA (OSL:NKR) Inventory Turnover : 18.08 (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Nekkar ASA 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. Nekkar ASA's Cost of Goods Sold for the six months ended in Dec. 2023 was kr195.4 Mil. Nekkar ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was kr10.8 Mil. Nekkar ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nekkar ASA's Days Inventory for the six months ended in Dec. 2023 was 10.10.

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. Nekkar ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Nekkar ASA Inventory Turnover Historical Data

The historical data trend for Nekkar ASA'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.

* Premium members only.

Nekkar ASA Inventory Turnover Chart

Nekkar ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

38.75

32.26

53.28

72.23

42.95

Nekkar ASA 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															18.28	23.38	30.72	18.08	18.08

Nekkar ASA Inventory Turnover Calculation

Nekkar ASA's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	304.493	/ (	(2.317	+	11.861)	/	2 )
=	304.493	/	7.089
=	42.95

Nekkar ASA'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 )
=	195.357	/ (	(9.753	+	11.861)	/	2 )
=	195.357	/	10.807
=	18.08

Nekkar ASA (OSL:NKR) 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.

Nekkar ASA'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
	=	10.807	/	195.357	*	365 / 2
	=	10.10

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.

Nekkar ASA'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 )
	=	10.807	/	341.306
	=	0.03

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.

Nekkar ASA Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Nekkar ASA's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Nekkar ASA (OSL:NKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nekkar ASA (OSL:NKR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TTSO:Sweden 0TT:Germany

Address

Andoyfaret 15, Kristiansand, NOR, 4623

Website

https://www.nekkar.com

Nekkar ASA is a company based on an industrial philosophy utilizing smart design, digitalization, and electrification to achieve higher efficiency and more sustainable solutions for multiple industries. Its main activities are related to Shipyard Solutions, Digital Solutions, and others. The company generates maximum revenue from the Shipyard Solutions segment. Geographically, it derives a majority of revenue from South Asia and also has a presence in Europe; South East Asia; North East Asia; West Asia; America; Africa, and Australia.