Nortem Biogroup (XPAR:MLBIO) Inventory Turnover : 0.18 (As of Dec. 2022)

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What is Nortem Biogroup 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. Nortem Biogroup's Cost of Goods Sold for the six months ended in Dec. 2022 was €0.56 Mil. Nortem Biogroup's Average Total Inventories for the quarter that ended in Dec. 2022 was €3.13 Mil. Nortem Biogroup's Inventory Turnover for the quarter that ended in Dec. 2022 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nortem Biogroup's Days Inventory for the six months ended in Dec. 2022 was 1,017.58.

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. Nortem Biogroup's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.45.

Nortem Biogroup Inventory Turnover Historical Data

The historical data trend for Nortem Biogroup'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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Nortem Biogroup Inventory Turnover Chart

Nortem Biogroup Annual Data

Trend

Dec21

Dec22

Inventory Turnover

0.54

0.18

Nortem Biogroup Semi-Annual Data
	Dec21	Dec22
Inventory Turnover	0.54	0.18

Nortem Biogroup Inventory Turnover Calculation

Nortem Biogroup's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0.561	/ (	(2.168	+	4.088)	/	2 )
=	0.561	/	3.128
=	0.18

Nortem Biogroup's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	0.561	/ (	(2.168	+	4.088)	/	2 )
=	0.561	/	3.128
=	0.18

Nortem Biogroup (XPAR:MLBIO) 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.

Nortem Biogroup's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	3.128	/	0.561	*	365 / 2
	=	1,017.58

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.

Nortem Biogroup's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	3.128	/	6.983
	=	0.45

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.

Nortem Biogroup Inventory Turnover Related Terms

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Nortem Biogroup (XPAR:MLBIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nortem Biogroup (XPAR:MLBIO) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Calle Alexander Humboldt 12B, Polígono Industrial Salinas de Poniente, El Puerto de Santa María, Cadiz, ESP, 11500

Website

https://www.nortembiogroup.com

Nortem Chem SA is engaged in the research, development, innovation and industrialization in the field of biochemistry and biotechnology, as well as the production and sale of products based on biochemical and/or biotechnological processes. It emerged as a biotechnological company in the field of the food and chemical industry, with maximum environmental awareness, concentrating its research and product development efforts on the development of environmentally friendly alternatives from renewable sources and obtaining its own microorganisms (Aspergillus Niger and Yarrowia lipolytica) with outstanding capabilities from adaptation and selection processes, avoiding the use of genetic modification technologies.

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