Nanofilm Technologies International (SGX:MZH) Inventory Turnover : 3.00 (As of Dec. 2023)

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What is Nanofilm Technologies International 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. Nanofilm Technologies International's Cost of Goods Sold for the six months ended in Dec. 2023 was S$61.7 Mil. Nanofilm Technologies International's Average Total Inventories for the quarter that ended in Dec. 2023 was S$20.6 Mil. Nanofilm Technologies International's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nanofilm Technologies International's Days Inventory for the six months ended in Dec. 2023 was 60.93.

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. Nanofilm Technologies International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

Nanofilm Technologies International Inventory Turnover Historical Data

The historical data trend for Nanofilm Technologies International'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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Nanofilm Technologies International Inventory Turnover Chart

Nanofilm Technologies International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.11

6.46

7.51

7.04

5.88

Nanofilm Technologies International Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							3.40	3.38	3.47	2.48	3.00

Nanofilm Technologies International Inventory Turnover Calculation

Nanofilm Technologies International'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 )
=	111.453	/ (	(18.429	+	19.5)	/	2 )
=	111.453	/	18.9645
=	5.88

Nanofilm Technologies International'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 )
=	61.742	/ (	(21.726	+	19.5)	/	2 )
=	61.742	/	20.613
=	3.00

Nanofilm Technologies International (SGX:MZH) 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.

Nanofilm Technologies International'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
	=	20.613	/	61.742	*	365 / 2
	=	60.93

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.

Nanofilm Technologies International'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 )
	=	20.613	/	103.866
	=	0.20

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.

Nanofilm Technologies International Inventory Turnover Related Terms

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Nanofilm Technologies International (SGX:MZH) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanofilm Technologies International Ltd (SGX:MZH) » Definitions » Inventory Turnover

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Address

11 Tai Seng Drive, Singapore, SGP, 535226

Website

https://www.nti-nanofilm.com

Nanofilm Technologies International Ltd is a provider of nanotechnology solutions in Asia. Its solutions serve as key catalysts enabling customers to achieve high value-add advancements in their end-products in an environmentally sustainable manner. The company operates in three segments: advanced materials BU, Nanofabrication BU, Sydrogen BU and Industrial equipment BU . The majority of its revenue comes from the advanced materials BU segment, which provides advanced materials through surface solution services based on its vacuum coating technologies and processes. Geographically, the company generates revenue from Singapore, Japan, Vietnam and China being the majority revenue generator.

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