NEXE Innovations (TSXV:NEXE) Inventory Turnover : 0.06 (As of Feb. 2024)

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What is NEXE Innovations 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. NEXE Innovations's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.04 Mil. NEXE Innovations's Average Total Inventories for the quarter that ended in Feb. 2024 was C$0.66 Mil. NEXE Innovations's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NEXE Innovations's Days Inventory for the three months ended in Feb. 2024 was 1,544.23.

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. NEXE Innovations's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 26.40.

NEXE Innovations Inventory Turnover Historical Data

The historical data trend for NEXE Innovations'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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NEXE Innovations Inventory Turnover Chart

NEXE Innovations Annual Data

Trend

May20

May21

May22

May23

Inventory Turnover

0.09

0.25

NEXE Innovations Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial													0.02	0.01	0.25	0.13	0.06

NEXE Innovations Inventory Turnover Calculation

NEXE Innovations's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	0.212	/ (	(0.93	+	0.791)	/	2 )
=	0.212	/	0.8605
=	0.25

NEXE Innovations's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	0.039	/ (	(0.64	+	0.68)	/	2 )
=	0.039	/	0.66
=	0.06

NEXE Innovations (TSXV:NEXE) 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.

NEXE Innovations's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	0.66	/	0.039	*	365 / 4
	=	1,544.23

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.

NEXE Innovations's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	0.66	/	0.025
	=	26.40

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.

NEXE Innovations Inventory Turnover Related Terms

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NEXE Innovations (TSXV:NEXE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (TSXV:NEXE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NEXNF:USA NX5:Germany

Address

19355 22nd Avenue, Suite 109, Surrey, BC, CAN, V3Z3S6

Website

https://www.nexeinnovations.com

NEXE Innovations Inc is a plant-based compostable technology and materials manufacturing based in British Columbia, Canada. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. The NEXE Pod is fully compostable, single-use pod will offer the market an environmentally friendly alternative to the over billions of plastic and aluminum pod market.

Executives

Ashvani Guglani

Director

NEXE Innovations (TSXV:NEXE) Headlines

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