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Northern Technologies International Corporation  (NTIC)
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Northern Technologies International Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Northern Technologies International Corporation inventory turnover ratio, the Northern Technologies International Corporation's ability to sell and replace its inventory in the first quarter 2024, sequentially increased to 3.77 in the first quarter 2023, NTIC's markets remain strong, its supply chain continue to be in a grate shape.Average inventory processing period, for the Northern Technologies International in Nov 30 2023 quarter, has decreased to 97 days, compare to 100 days, in the Aug 31 2023 quarter.

Within Basic Materials sector 95 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the First Quarter 2024 compared to previous quarter at no. 1160.

NTIC Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Northern Technologies International Corporation Market Share?

What is Inventory Turnover Ratio?


NTIC Inventory Turnover Ratio (Nov 30 2023)
I. Quarter
(Aug 31 2023)
IV. Quarter
(May 31 2023)
III. Quarter
(Feb 28 2023)
II. Quarter
(Nov 30 2022)
I. Quarter
Y / Y Inventory Growth -17.35 % -19.86 % 0.25 % 16.97 % 33.19 %
Y / Y Cost of Sales Growth -5.53 % -5.4 % 5.24 % 1.73 % 8.88 %
Inventory Turnover Ratio (TTM) 3.77 3.64 3.5 3.46 3.57
NTIC's Total Ranking # 1160 # 1160 # 29 # 852 # 999
Average inventory processing period 97 100 104 106 102
Seq. Inventory Growth -3.85 % -5.79 % -8.43 % -0.37 % -6.76 %
Seq. Cost of Sales Growth -3.77 % -0.29 % 11.88 % -12 % -3.64 %



Inventory Turnover Ratio Company Ranking
Within: No.
Chemical Manufacturing Industry # 28
Basic Materials Sector # 96
Overall Market # 1160

Inventory Turnover Ratio Statistics
High Average Low
3.86 3.34 2.72
(Aug 31 2018)   (Feb 28 2021)




Financial Statements
Northern Technologies International's Inventories $ 13 Millions Visit NTIC's Balance sheet
Northern Technologies International's Cost of Revenues TTM $ 52 Millions Visit NTIC's Income Statement
What are NTIC's Sales? Visit NTIC's Sales by Segment

Other Inventory Turnover Ratios
Northern Technologies International's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Chemical Manufacturing Industry Inventory Turnover Trends and Statistics
Basic Materials Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
NTIC's Inventory Turnover Ratio versus Chemical Manufacturing Industry, Basic Materials Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for NTIC's Competitors
Inventory Turnover Ratio for NTIC's Suppliers
Inventory Turnover Ratio for NTIC's Customers

You may also want to know
NTIC's Sales Growth Rates NTIC's Pe Price to earnings ratio NTIC's Receivables Turnover Ratio NTIC's Stock Quote
NTIC's Net Income Growth Rates NTIC's Ps Price to Sales ratio NTIC's Sales per Employee NTIC's Asset Turnover Ratio
NTIC's Net Margin NTIC's Pb Price to Book ratio NTIC's Financial Strength Ratios NTIC's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Nov 30 2023, within Basic Materials Sector Inventory Turnover Ratio Cost of revenues at quarter ending Nov 30 2023 Inventories at quarter ending Nov 30 2023
Janus International Group Inc   10.85 $ 616.000  Millions$ 57  Millions
Smart Sand Inc   10.62 $ 254.418  Millions$ 24  Millions
Flotek Industries Inc  10.35 $ 163.000  Millions$ 16  Millions
Vulcan Materials Company  9.82 $ 5,833.400  Millions$ 594  Millions
Hawkins Inc   9.77 $ 740.437  Millions$ 76  Millions
Coeur Mining Inc   9.38 $ 632.896  Millions$ 67  Millions
Royal Gold inc  8.64 $ 90.523  Millions$ 10  Millions
Linde Plc  8.40 $ 17,492.000  Millions$ 2,082  Millions
Azz Inc   8.00 $ 1,080.244  Millions$ 135  Millions
Quanex Building Products Corporation  7.82 $ 830.633  Millions$ 106  Millions
Summit Materials Inc   7.72 $ 1,862.408  Millions$ 241  Millions
Trinseo Plc  7.18 $ 3,296.000  Millions$ 459  Millions
Ufp Industries inc   7.13 $ 5,799.000  Millions$ 814  Millions
Boise Cascade Company  7.12 $ 5,042.049  Millions$ 708  Millions
International Paper Company  7.11 $ 13,629.000  Millions$ 1,917  Millions
Bluelinx Holdings Inc   6.97 $ 2,609.000  Millions$ 374  Millions
Trex Co Inc  6.95 $ 642.000  Millions$ 92  Millions
Gibraltar Industries Inc   6.86 $ 1,015.770  Millions$ 148  Millions
Lyondellbasell Industries N v   6.85 $ 34,117.000  Millions$ 4,981  Millions
United States Steel Corp  6.64 $ 15,803.000  Millions$ 2,378  Millions
Knife River Corporation  6.63 $ 2,291.415  Millions$ 345  Millions
Tredegar Corporation  6.63 $ 599.110  Millions$ 90  Millions
Futurefuel Corp   6.60 $ 324.000  Millions$ 49  Millions
U s Silica Holdings Inc   6.52 $ 1,020.627  Millions$ 157  Millions
Kimberly clark Corporation  6.44 $ 13,399.000  Millions$ 2,082  Millions
Commercial Metals Company  6.36 $ 6,917.914  Millions$ 1,089  Millions
Jeld wen Holding Inc   6.35 $ 3,471.000  Millions$ 546  Millions
Avient Corporation  6.30 $ 2,250.000  Millions$ 357  Millions
Avery Dennison Corporation  6.25 $ 6,086.000  Millions$ 974  Millions
Dow Inc   6.21 $ 39,742.000  Millions$ 6,400  Millions

Date modified: 2024-01-12T16:13:59+00:00



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