Nickel Asia (PHS:NIKL) Inventory Turnover : 0.52 (As of Mar. 2024)

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What is Nickel Asia 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. Nickel Asia's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱1,758 Mil. Nickel Asia's Average Total Inventories for the quarter that ended in Mar. 2024 was ₱3,377 Mil. Nickel Asia's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.52.

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 three months ended in Mar. 2024 was 175.32.

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 Inventory Turnover Historical Data

The historical data trend for Nickel Asia'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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Nickel Asia Inventory Turnover Chart

Nickel Asia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.79

3.42

4.78

5.57

4.89

Nickel Asia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.70	1.39	1.29	1.11	0.52

Nickel Asia Inventory Turnover Calculation

Nickel Asia'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 )
=	13372.827	/ (	(2432.224	+	3037.699)	/	2 )
=	13372.827	/	2734.9615
=	4.89

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1757.573	/ (	(3037.699	+	3715.857)	/	2 )
=	1757.573	/	3376.778
=	0.52

Nickel Asia (PHS:NIKL) 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.

Nickel Asia's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	3376.778	/	1757.573	*	365 / 4
	=	175.32

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	3376.778	/	2577.316
	=	1.31

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.

Nickel Asia Inventory Turnover Related Terms

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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 » Inventory Turnover

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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.