Nictus (JSE:NCS) Inventory Turnover : 0.97 (As of Sep. 2023)

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What is Nictus 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. Nictus's Cost of Goods Sold for the six months ended in Sep. 2023 was R9.06 Mil. Nictus's Average Total Inventories for the quarter that ended in Sep. 2023 was R9.34 Mil. Nictus's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nictus's Days Inventory for the six months ended in Sep. 2023 was 188.24.

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. Nictus's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.66.

Nictus Inventory Turnover Historical Data

The historical data trend for Nictus'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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Nictus Inventory Turnover Chart

Nictus Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.41

2.46

2.50

2.37

2.51

Nictus Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.82	1.20	1.04	1.33	0.97

Nictus Inventory Turnover Calculation

Nictus's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	23.122	/ (	(9.345	+	9.063)	/	2 )
=	23.122	/	9.204
=	2.51

Nictus's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	9.059	/ (	(9.063	+	9.625)	/	2 )
=	9.059	/	9.344
=	0.97

Nictus (JSE:NCS) 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.

Nictus's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	9.344	/	9.059	*	365 / 2
	=	188.24

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.

Nictus's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	9.344	/	14.249
	=	0.66

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.

Nictus Inventory Turnover Related Terms

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Nictus (JSE:NCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nictus Ltd (JSE:NCS) » Definitions » Inventory Turnover

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Address

Block C, 1st Floor, 392 Main Road, The Main Straight Office Park, Bryanston, ZAF, 2191

Website

http://www.nictuslimited.co.za

Nictus Ltd operates as a retailer of household furniture, electrical appliances, and home electronics through the Nictus Furnishers brand and a short-term insurer through the Corporate Guarantee brand. The company owns three furniture retail stores located in Makhado, Polokwane and Randburg, South Africa. It operates in two segments namely Furniture segment and Insurance and Finance segment provides short-term insurance. Majority of the revenue is derived from the retailing of furniture and other products.

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