Niks Professional (SGX:NPL) Inventory Turnover : 0.45 (As of Dec. 2024)

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What is Niks Professional 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. Niks Professional's Cost of Goods Sold for the six months ended in Dec. 2024 was S$0.91 Mil. Niks Professional's Average Total Inventories for the quarter that ended in Dec. 2024 was S$1.99 Mil. Niks Professional's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Niks Professional's Days Inventory for the six months ended in Dec. 2024 was 401.16.

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. Niks Professional's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.34.

Niks Professional Inventory Turnover Historical Data

The historical data trend for Niks Professional'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.

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Niks Professional Inventory Turnover Chart

Niks Professional Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

0.95

1.00

0.86

0.85

0.93

Niks Professional Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial			-	0.40	0.45	0.48	0.45

Niks Professional Inventory Turnover Calculation

Niks Professional's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	1.814	/ (	(1.842	+	2.059)	/	2 )
=	1.814	/	1.9505
=	0.93

Niks Professional's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	0.906	/ (	(1.924	+	2.059)	/	2 )
=	0.906	/	1.9915
=	0.45

Niks Professional (SGX:NPL) 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.

Niks Professional's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1.9915	/	0.906	*	365 / 2
	=	401.16

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.

Niks Professional's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1.9915	/	5.793
	=	0.34

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.

Niks Professional Inventory Turnover Related Terms

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Niks Professional Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Niks Professional Ltd (SGX:NPL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Kallang Place, No. 03-27, Singapore, SGP, 339156

Website

https://www.nikspro.com

Niks Professional Ltd is an integrated medical skin care provider, incorporating family dermatology and aesthetic medical services, skin care products, facial treatment and medical camouflage service under one roof and a single NIKS brand. It owns and operates three medical clinics in Singapore focusing on family dermatology and aesthetic medicine. its clinical services are complemented by a portfolio of some 200 quality medical skin care products. its products are conceptualized and developed in Singapore and made in the finest factories in the United States and Europe.

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