NBI Bearings Europe (XMAD:NBI) Inventory Turnover : 0.57 (As of Dec. 2023)

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What is NBI Bearings Europe 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. NBI Bearings Europe's Cost of Goods Sold for the six months ended in Dec. 2023 was €12.45 Mil. NBI Bearings Europe's Average Total Inventories for the quarter that ended in Dec. 2023 was €21.72 Mil. NBI Bearings Europe's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NBI Bearings Europe's Days Inventory for the six months ended in Dec. 2023 was 318.48.

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. NBI Bearings Europe's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.86.

NBI Bearings Europe Inventory Turnover Historical Data

The historical data trend for NBI Bearings Europe'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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NBI Bearings Europe Inventory Turnover Chart

NBI Bearings Europe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.93

0.77

1.42

1.41

1.23

NBI Bearings Europe 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															0.69	0.82	0.63	0.73	0.57

NBI Bearings Europe Inventory Turnover Calculation

NBI Bearings Europe'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 )
=	25.729	/ (	(17.312	+	24.478)	/	2 )
=	25.729	/	20.895
=	1.23

NBI Bearings Europe'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 )
=	12.447	/ (	(18.964	+	24.478)	/	2 )
=	12.447	/	21.721
=	0.57

NBI Bearings Europe (XMAD:NBI) 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.

NBI Bearings Europe'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
	=	21.721	/	12.447	*	365 / 2
	=	318.48

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.

NBI Bearings Europe'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 )
	=	21.721	/	25.162
	=	0.86

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.

NBI Bearings Europe Inventory Turnover Related Terms

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NBI Bearings Europe Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NBI Bearings Europe SA (XMAD:NBI) » Definitions » Inventory Turnover

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Address

Pol. Industrial Basauri, Nave 6-10, Oquendo, Alava, Vitoria-Gasteiz, ESP, 01409

Website

http://www.nbibearings.com

NBI Bearings Europe SA is engaged in designing and production of bearings. Its product offerings include cylindrical roller bearings, tapered roller bearings, spherical roller bearings, needle roller bearings, support rollers, cam followers, cylindrical roller thrust bearings, spherical roller thrust bearings and ball bearings. The company also provides technical services, bearing selection, training and tailor made solutions.

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