Novolipetsk Steel PJSC (WBO:NLMK) Inventory Turnover : 0.99 (As of Dec. 2021)

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What is Novolipetsk Steel PJSC 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. Novolipetsk Steel PJSC's Cost of Goods Sold for the three months ended in Dec. 2021 was €2,081 Mil. Novolipetsk Steel PJSC's Average Total Inventories for the quarter that ended in Dec. 2021 was €2,093 Mil. Novolipetsk Steel PJSC's Inventory Turnover for the quarter that ended in Dec. 2021 was 0.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novolipetsk Steel PJSC's Days Inventory for the three months ended in Dec. 2021 was 91.78.

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. Novolipetsk Steel PJSC's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.51.

Novolipetsk Steel PJSC Inventory Turnover Historical Data

The historical data trend for Novolipetsk Steel PJSC'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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Novolipetsk Steel PJSC Inventory Turnover Chart

Novolipetsk Steel PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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3.76

4.24

4.29

3.74

3.97

Novolipetsk Steel PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Inventory Turnover	Get a 7-Day Free Trial															1.01	1.10	1.11	1.00	0.99

Novolipetsk Steel PJSC Inventory Turnover Calculation

Novolipetsk Steel PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	6897.69	/ (	(1128.606	+	2344.365)	/	2 )
=	6897.69	/	1736.4855
=	3.97

Novolipetsk Steel PJSC's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Sep. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	2080.635	/ (	(1841.1	+	2344.365)	/	2 )
=	2080.635	/	2092.7325
=	0.99

Novolipetsk Steel PJSC (WBO:NLMK) 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.

Novolipetsk Steel PJSC's Days Inventory for the three months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	2092.7325	/	2080.635	*	365 / 4
	=	91.78

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.

Novolipetsk Steel PJSC's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	2092.7325	/	4097.55
	=	0.51

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.

Novolipetsk Steel PJSC Inventory Turnover Related Terms

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Novolipetsk Steel PJSC (WBO:NLMK) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Novolipetsk Steel PJSC (WBO:NLMK) » Definitions » Inventory Turnover

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Address

2, Metallurgov Sq., Lipetsk, RUS, 398040

Website

https://www.nlmk.com

Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.

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