Northern Technologies International (Northern Technologies International) Total Inventories : $12.54 Mil (As of Feb. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Northern Technologies International Total Inventories?

Northern Technologies International's total inventories for the quarter that ended in Feb. 2024 was $12.54 Mil. Northern Technologies International's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was $12.57 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Northern Technologies International's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northern Technologies International's Days Inventory for the three months ended in Feb. 2024 was 91.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Northern Technologies International's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.00.

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. Northern Technologies International's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.60.

Northern Technologies International Total Inventories Historical Data

The historical data trend for Northern Technologies International's Total Inventories 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.

* Premium members only.

Northern Technologies International Total Inventories Chart

Northern Technologies International Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Inventories

Get a 7-Day Free Trial

10.49

10.96

11.11

16.34

13.10

Northern Technologies International Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories	Get a 7-Day Free Trial															15.18	13.90	13.10	12.59	12.54

Northern Technologies International Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Northern Technologies International (NAS:NTIC) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Northern Technologies International's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.835	+	0.75 * 15.693	+	0.5 * 12.539	-	15.359
-	0	-	3.595)	/	9.4276
=	0.42

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

Northern Technologies International's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	12.566	/	12.504	*	365 / 4
	=	91.70

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

Northern Technologies International's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	12.504	/	12.566
	=	1.00

4. 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.

Northern Technologies International's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	12.566	/	20.843
	=	0.60

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Northern Technologies International Total Inventories Related Terms

Thank you for viewing the detailed overview of Northern Technologies International's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Northern Technologies International (Northern Technologies International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Northern Technologies International Corp (NAS:NTIC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

4201 Woodland Road, P.O. Box 69, Circle Pines, MN, USA, 55014

Website

https://www.ntic.com

Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services world-wide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments which include ZERUST products and services and Nature-Tec products. Its main business is providing corrosion prevention solutions that are marketed under the ZERUST brand. The company also sells a portfolio of bio-based and biodegradable (compostable) polymer resin compounds and finished products marketed under the Nature-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company.

Executives

Nancy E. Calderon	director	1285 WAKEFIELD TRAIL, RENO NV 89523
Richard Nigon	director	CEDAR POINT CAPITAL, 150 SOUTH 5TH STREET, MINNEAPOLIS MN 55402
Sarah E. Kemp	director	4201 WOODLAND ROAD, PO BOX 69, CIRCLE PINES MN 55014
Pinho Cristina Lucia Duarte	director	4201 WOODLAND ROAD, PO BOX 69, CIRCLE PINES MN 55014
Falkenhausen Konstantin Von	director	4201 WOODLAND ROAD, PO BOX 69, CIRCLE PINES MN 55014
Barbara D. Colwell	director	4201 WOODLAND ROAD, CIRCLE PINES MN 55014
G Patrick Lynch	director	4201 WOODLAND ROAD, CIRCLE PINES MN 55014
Pierre Chenu	director	118B AVENUE W CHURCHILL, PO BOX 15, BRUSSELS C9 1180
Mark J Stone	director	689 5TH AVENUE, 14TH FLOOR, NEW YORK NY 10022
Inter Alia Holding Co	10 percent owner
Juliane I Lynch	10 percent owner	23205 MERCANTILE ROAD, BEACHWOOD OH 44122
Koh Soo Keong	director	4201 WOODLAND ROAD, POST OFFICE BOX 69, CIRCLE PINES MN 55014
Tilman Bernhard Frank	director	4201 WOODLAND ROAD, POST OFFICE BOX 69, CIRCLE PINES MN 55014
Sunggyu Lee	director	4912 MCKENNA CT, COLUMBIA MO 65203
Ramani Narayan	director	4275 CONIFER CIRCLE, OKEMOS MI 48864