Nueva Expresion Textil (XMAD:NXT) Inventory Turnover : 2.76 (As of Dec. 2023)

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What is Nueva Expresion Textil 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. Nueva Expresion Textil's Cost of Goods Sold for the six months ended in Dec. 2023 was €11.57 Mil. Nueva Expresion Textil's Average Total Inventories for the quarter that ended in Dec. 2023 was €4.19 Mil. Nueva Expresion Textil's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nueva Expresion Textil's Days Inventory for the six months ended in Dec. 2023 was 66.05.

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. Nueva Expresion Textil's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Nueva Expresion Textil Inventory Turnover Historical Data

The historical data trend for Nueva Expresion Textil'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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Nueva Expresion Textil Inventory Turnover Chart

Nueva Expresion Textil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.80

3.59

3.26

3.25

4.78

Nueva Expresion Textil 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															1.58	1.30	1.73	2.12	2.76

Nueva Expresion Textil Inventory Turnover Calculation

Nueva Expresion Textil'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 )
=	24.279	/ (	(6.879	+	3.27)	/	2 )
=	24.279	/	5.0745
=	4.78

Nueva Expresion Textil'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 )
=	11.566	/ (	(5.102	+	3.27)	/	2 )
=	11.566	/	4.186
=	2.76

Nueva Expresion Textil (XMAD:NXT) 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.

Nueva Expresion Textil'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
	=	4.186	/	11.566	*	365 / 2
	=	66.05

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.

Nueva Expresion Textil'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 )
	=	4.186	/	16.657
	=	0.25

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.

Nueva Expresion Textil Inventory Turnover Related Terms

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Nueva Expresion Textil (XMAD:NXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nueva Expresion Textil SA (XMAD:NXT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

0R6G:UK

Address

Pintor Domenech Farre 13-15, Barcelona, ESP, 08320

Website

http://www.dogi.com

Nueva Expresion Textil SA manufactures and sells fabrics. It offers lingerie, swimwear, and sportswear under the Cristal, Dazzling, Sari, Liquid, Dogitech, Winn, Cooper, and Invisible brand names.