Quanex Inventory Turnover from 2010 to 2024

NX Stock  USD 29.55  0.66  2.18%   
Quanex Building Inventory Turnover yearly trend continues to be fairly stable with very little volatility. Inventory Turnover will likely drop to 7.77 in 2024. Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. View All Fundamentals
 
Inventory Turnover  
First Reported
2010-12-31
Previous Quarter
7.84
Current Value
7.77
Quarterly Volatility
1.71780212
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Quanex Building financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Quanex Building's main balance sheet or income statement drivers, such as Depreciation And Amortization of 56.6 M, Interest Expense of 7 M or Total Revenue of 805.7 M, as well as many indicators such as Price To Sales Ratio of 0.38, Dividend Yield of 0.0132 or PTB Ratio of 0.81. Quanex financial statements analysis is a perfect complement when working with Quanex Building Valuation or Volatility modules.
  
Check out the analysis of Quanex Building Correlation against competitors.

Latest Quanex Building's Inventory Turnover Growth Pattern

Below is the plot of the Inventory Turnover of Quanex Building Products over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Quanex Building's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Quanex Building's overall financial position and show how it may be relating to other accounts over time.
Inventory Turnover10 Years Trend
Pretty Stable
   Inventory Turnover   
       Timeline  

Quanex Inventory Turnover Regression Statistics

Arithmetic Mean9.09
Geometric Mean8.96
Coefficient Of Variation18.90
Mean Deviation1.34
Median8.43
Standard Deviation1.72
Sample Variance2.95
Range6.2019
R-Value(0.28)
Mean Square Error2.92
R-Squared0.08
Significance0.31
Slope(0.11)
Total Sum of Squares41.31

Quanex Inventory Turnover History

2024 7.77
2023 7.84
2022 8.71
2021 7.88
2020 8.99
2019 10.77
2018 10.34

About Quanex Building Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Quanex Building income statement, its balance sheet, and the statement of cash flows. Quanex Building investors use historical funamental indicators, such as Quanex Building's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although Quanex Building investors may use each financial statement separately, they are all related. The changes in Quanex Building's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Quanex Building's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Quanex Building Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Quanex Building. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory Turnover 7.84  7.77 

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Additional Tools for Quanex Stock Analysis

When running Quanex Building's price analysis, check to measure Quanex Building's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quanex Building is operating at the current time. Most of Quanex Building's value examination focuses on studying past and present price action to predict the probability of Quanex Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanex Building's price. Additionally, you may evaluate how the addition of Quanex Building to your portfolios can decrease your overall portfolio volatility.