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Nordson Corporation  (NDSN)
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Nordson Inventory Turnover Ratio (COS)

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

Nordson's inventory turnover ratio, the ratio that measures Nordson's ability to manage its supply chain, sequentially decreased to 2.86 in the second quarter 2023, which does not come as a surprise, as the Nordson continue to experience headwinds, which also impact its supply chain. Nordson's average inventory processing period in the Apr 30 2023 quarter, has increased to 128 days, from 125 days, in the Jan 31 2023 quarter.

Within Capital Goods sector 102 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the II Quarter 2023, to 1147, from total ranking in the first quarter 2023 at 1332.

NDSN Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Nordson Corporation Market Share?

What is Inventory Turnover Ratio?


NDSN Inventory Turnover Ratio (Apr 30 2023)
II. Quarter		 (Jan 31 2023)
I. Quarter		 (Oct 31 2022)
IV. Quarter		 (Jul 31 2022)
III. Quarter		 (Apr 30 2022)
II. Quarter
Y / Y Inventory Growth 14.86 % 22.2 % 17.18 % 31.45 % 29.53 %
Y / Y Cost of Sales Growth 7.3 % 4.68 % 19.51 % 5.31 % 10.3 %
Inventory Turnover Ratio (TTM) 2.86 2.92 3.04 3.01 3.18
NDSN's Total Ranking # 1147 # 1332 # 0 # 1361 # 1225
Average inventory processing period 127 125 120 121 115
Seq. Inventory Growth -1.69 % 16.78 % -4.05 % 4.27 % 4.59 %
Seq. Cost of Sales Growth 5.83 % -12.11 % 8.04 % 6.76 % 3.25 %

New: More NDSN's historic Inventory Turnover Ratios >>


Inventory Turnover Ratio Company Ranking
Within: No.
Industrial Machinery and Components Industry # 47
Capital Goods Sector # 103
Overall Market # 1147

Inventory Turnover Ratio Statistics
High Average Low
3.72 3.45 2.37
(Jul 31 2018)  



NDSN Company Profile >> Back to NDSN Efficiency Comparisons >> Compare NDSN Inventory Turnover Ratio to its Competitors

Financial Statements
Nordson's Inventories $ 440 Millions Visit NDSN's Balance sheet
Nordson's Cost of Revenues TTM $ 1,197 Millions Visit NDSN's Income Statement
What are NDSN's Sales? Visit NDSN's Sales by Segment

Other Inventory Turnover Ratios
Nordson's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Industrial Machinery and Components Industry Inventory Turnover Trends and Statistics
Capital Goods Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
NDSN's Inventory Turnover Ratio versus Industrial Machinery and Components Industry, Capital Goods Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for NDSN's Competitors
Inventory Turnover Ratio for NDSN's Suppliers
Inventory Turnover Ratio for NDSN's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Apr 30 2023, within Capital Goods Sector Inventory Turnover Ratio Cost of revenues at quarter ending Apr 30 2023 Inventories at quarter ending Apr 30 2023
Sturm Ruger and Company Inc   7.38 $ 426.203  Millions$ 58  Millions
Leonardo Drs Inc   7.06 $ 2,078.000  Millions$ 295  Millions
Winnebago Industries Inc   6.96 $ 3,665.611  Millions$ 526  Millions
Trans lux Corporation  6.67 $ 19.528  Millions$ 3  Millions
Cavco Industries Inc   6.32 $ 1,543.867  Millions$ 244  Millions
Johnson Controls International Plc  6.26 $ 17,266.000  Millions$ 2,757  Millions
Applied Industrial Technologies Inc   6.15 $ 3,061.146  Millions$ 497  Millions
Kratos Defense and Security Solutions inc   5.63 $ 700.400  Millions$ 125  Millions
Blue Bird Corporation  5.59 $ 881.432  Millions$ 158  Millions
Owens Corning  5.46 $ 7,160.000  Millions$ 1,313  Millions
Miller Industries Inc   5.42 $ 817.690  Millions$ 151  Millions
Park Aerospace Corp   5.35 $ 37.582  Millions$ 7  Millions
Evoqua Water Technologies Corp   5.32 $ 1,278.933  Millions$ 240  Millions
Carrier Global Corporation  5.28 $ 13,797.000  Millions$ 2,614  Millions
Array Technologies Inc   5.19 $ 1,411.865  Millions$ 272  Millions
Atkore Inc   5.14 $ 2,264.294  Millions$ 440  Millions
Nn Inc   5.13 $ 424.948  Millions$ 83  Millions
Integer Holdings Corporation  5.10 $ 1,069.765  Millions$ 210  Millions
Championx Corp  5.04 $ 2,913.926  Millions$ 578  Millions
Vontier Corporation  5.02 $ 1,757.400  Millions$ 350  Millions
Nvent Electric Plc  4.93 $ 1,802.300  Millions$ 366  Millions
Lennox International Inc  4.44 $ 3,431.300  Millions$ 773  Millions
Standex International Corp  4.32 $ 459.434  Millions$ 106  Millions
Sunworks Inc   4.30 $ 99.429  Millions$ 23  Millions
Xylem Inc   4.23 $ 3,535.000  Millions$ 836  Millions
Trane Technologies Plc  4.19 $ 8,565.800  Millions$ 2,043  Millions
John Bean Technologies Corporation  4.17 $ 1,377.600  Millions$ 330  Millions
Enersys  4.17 $ 3,260.073  Millions$ 782  Millions
Eaton Corporation Plc  4.08 $ 14,195.000  Millions$ 3,477  Millions
Hyster yale Materials Handling Inc   3.99 $ 3,212.900  Millions$ 806  Millions

Date modified: 2023-05-25T20:40:21+00:00



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