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Nova Ltd   (NVMI)
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Nova Ltd Inventory Turnover Ratio (COS)

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

Nova Ltd 's inventory turnover ratio, the ratio that measures Nova Ltd 's ability to manage its supply chain, sequentially decreased to 1.63 in the fourth quarter 2023, which does not come as a surprise, as the Nova Ltd continue to experience headwinds, which also impact its supply chain. Nova Ltd 's average inventory processing period in the Dec 31 2023 quarter, has increased to 224 days, from 191 days, in the 0 quarter.

Within Technology sector 236 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the IV Quarter 2023, to 461, from total ranking in the third quarter 2023 at 1416.

NVMI Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Nova Ltd Market Share?

What is Inventory Turnover Ratio?


NVMI Inventory Turnover Ratio (Dec 31 2023)
IV. Quarter		 0
III. Quarter		 0
II. Quarter		 0
I. Quarter		 (Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth 18.52 % 18.52 % 18.52 % 18.52 % 48.22 %
Y / Y Cost of Sales Growth -11.43 % - - - 41.96 %
Inventory Turnover Ratio (TTM) 1.63 - - - 2.18
NVMI's Total Ranking # 461 # 1416 # 1471 # 1473 # 1601
Average inventory processing period 224 - - - 168
Seq. Inventory Growth 0 % 0 % 0 % 18.52 % 0 %
Seq. Cost of Sales Growth - - - - -

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


Inventory Turnover Ratio Company Ranking
Within: No.
Scientific & Technical Instruments Industry # 13
Technology Sector # 237
Overall Market # 461

Inventory Turnover Ratio Statistics
High Average Low
2.89 2.29 1.63
(Dec 31 2013)   (Dec 31 2023)



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

Financial Statements
Nova Ltd 's Inventories $ 138 Millions Visit NVMI's Balance sheet
Nova Ltd 's Cost of Revenues TTM $ 225 Millions Visit NVMI's Income Statement
What are NVMI's Sales? Visit NVMI's Sales by Segment

Other Inventory Turnover Ratios
Nova Ltd 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Scientific & Technical Instruments Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
NVMI's Inventory Turnover Ratio versus Scientific & Technical Instruments Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for NVMI's Competitors
Inventory Turnover Ratio for NVMI's Suppliers
Inventory Turnover Ratio for NVMI's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Belden Inc   4.39 $ 1,557.118  Millions$ 355  Millions
Hubbell Inc  4.36 $ 3,484.000  Millions$ 799  Millions
Diebold Nixdorf Incorporated  4.25 $ 2,703.400  Millions$ 636  Millions
Digital Ally Inc   4.23 $ 22.000  Millions$ 5  Millions
Key Tronic Corporation  4.20 $ 569.546  Millions$ 136  Millions
Gilat Satellite Networks Ltd  4.18 $ 161.145  Millions$ 39  Millions
Super Micro Computer Inc   4.12 $ 7,734.632  Millions$ 1,876  Millions
Synopsys Inc   4.06 $ 1,266.646  Millions$ 312  Millions
Amphenol Corporation  4.05 $ 8,470.000  Millions$ 2,092  Millions
Comtech Telecommunications Corp  4.04 $ 388.453  Millions$ 96  Millions
Duos Technologies Group Inc   4.02 $ 6.162  Millions$ 2  Millions
Cognyte Software Ltd   3.99 $ 98.000  Millions$ 25  Millions
Geospace Technologies Corp  3.90 $ 78.425  Millions$ 20  Millions
Cemtrex Inc   3.86 $ 32.663  Millions$ 8  Millions
Rockwell Automation Inc   3.85 $ 5,431.100  Millions$ 1,411  Millions
Smart Global Holdings Inc   3.85 $ 869.932  Millions$ 226  Millions
Vishay Intertechnology Inc   3.81 $ 2,427.552  Millions$ 638  Millions
Trimas Corporation  3.80 $ 692.230  Millions$ 182  Millions
Ametek Inc   3.79 $ 4,212.485  Millions$ 1,111  Millions
Eastman Kodak Co  3.78 $ 907.000  Millions$ 240  Millions
Tower Semiconductor Ltd   3.78 $ 1,069.161  Millions$ 283  Millions
Tuya Inc   3.75 $ 123.335  Millions$ 33  Millions
Lgl Group Inc  3.71 $ 0.796  Millions$ 0  Millions
Flex Ltd   3.70 $ 26,838.000  Millions$ 7,259  Millions
Viavi Solutions Inc   3.65 $ 429.100  Millions$ 118  Millions
Kimball Electronics Inc   3.57 $ 1,677.000  Millions$ 469  Millions
Formfactor inc   3.51 $ 404.000  Millions$ 115  Millions
Nvidia Corp  3.50 $ 16,621.000  Millions$ 4,748  Millions
Mobileye Global inc   3.50 $ 1,032.000  Millions$ 295  Millions
Logitech International S a   3.48 $ 1,945.936  Millions$ 559  Millions

Date modified: 2024-02-20T15:56:52+00:00



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