Nickel Asia (PHS:NIKL) Change In Inventory : ₱-946 Mil (TTM As of Mar. 2024)

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What is Nickel Asia Change In Inventory?

Nickel Asia's change in inventory for the quarter that ended in Mar. 2024 was ₱-678 Mil. It means Nickel Asia's inventory increased by ₱678 Mil from Dec. 2023 to Mar. 2024 .

Nickel Asia's change in inventory for the fiscal year that ended in Dec. 2023 was ₱-618 Mil. It means Nickel Asia's inventory increased by ₱618 Mil from Dec. 2022 to Dec. 2023 .

Nickel Asia's Total Inventories for the quarter that ended in Mar. 2024 was ₱3,716 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nickel Asia's Days Inventory for the quarter that ended in Mar. 2024 was 175.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nickel Asia's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.52.

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. Nickel Asia's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.31.

Nickel Asia Change In Inventory Historical Data

The historical data trend for Nickel Asia's Change In Inventory 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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Nickel Asia Change In Inventory Chart

Nickel Asia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-262.73

1,174.52

645.32

-151.36

-618.16

Nickel Asia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-350.56	20.26	-187.64	-100.22	-678.16

Nickel Asia Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱-946 Mil.

Nickel Asia (PHS:NIKL) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Nickel Asia's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3376.778	/	1757.573	*	365 / 4
	=	175.32

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Nickel Asia's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1757.573	/	3376.778
	=	0.52

3. 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.

Nickel Asia's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3376.778	/	2577.316
	=	1.31

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Nickel Asia (PHS:NIKL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Asia Corp (PHS:NIKL) » Definitions » Change In Inventory

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NCKAF:USA

Address

32nd Street, Bonifacio Global City, 28th Floor NAC Tower, Taguig, PHL, 1634

Website

https://www.nickelasia.com

Nickel Asia Corp is a nickel ore mining company engaged in operating five mines; the Rio Tuba mine, the Taganito mine, the Tagana-an mine, the Cagdianao mine, and the Dinapigue mine. It produces saprolite (nickel ore with an iron content of less than 20%) and limonite (nickel ore with an iron content greater than 20%) ore. The company has three operating segments; The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, The services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and The power segment is into power generation and exploration for geothermal resources.