Nitto Denko (Nitto Denko) Change In Inventory : $89 Mil (TTM As of Dec. 2023)

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What is Nitto Denko Change In Inventory?

Nitto Denko's change in inventory for the quarter that ended in Dec. 2023 was $-24 Mil. It means Nitto Denko's inventory increased by $24 Mil from Sep. 2023 to Dec. 2023 .

Nitto Denko's change in inventory for the fiscal year that ended in Mar. 2023 was $-17 Mil. It means Nitto Denko's inventory increased by $17 Mil from Mar. 2022 to Mar. 2023 .

Nitto Denko's Total Inventories for the quarter that ended in Dec. 2023 was $971 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nitto Denko's Days Inventory for the quarter that ended in Dec. 2023 was 86.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nitto Denko's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.06.

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. Nitto Denko's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.56.

Nitto Denko Change In Inventory Historical Data

The historical data trend for Nitto Denko's Change In Inventory 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.

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Nitto Denko Change In Inventory Chart

Nitto Denko Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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3.26

-47.67

-69.98

-118.07

-16.68

Nitto Denko Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-3.40	56.35	17.33	39.91	-24.11

Nitto Denko Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $89 Mil.

Nitto Denko (OTCPK:NDEKY) Change In Inventory Explanation

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

Nitto Denko's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	956.5965	/	1014.471	*	365 / 4
	=	86.04

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

Nitto Denko's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1014.471	/	956.5965
	=	1.06

3. 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.

Nitto Denko's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	956.5965	/	1698.524
	=	0.56

Nitto Denko Change In Inventory Related Terms

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Nitto Denko (Nitto Denko) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nitto Denko Corp (OTCPK:NDEKY) » Definitions » Change In Inventory

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Traded in Other Exchanges

NDEKF:USA 6988:Japan ND5:Germany

Address

4-20, Ofuka-Cho, 33rd Floor, Grand Front Osaka, Kita-Ku, Osaka, JPN, 530-0011

Website

http://www.nitto.com

Nitto Denko Corp manufactures and sells a variety of industrial and electronics products. The company sells tape products, which include masking tape for painting and printed-circuit boards, double sided tapes, electrical tape, and sealant materials used in the construction industry. Nitto Denko also sells film products, which include surface protective film, fluoroplastic films used to seal pipes and air filters, and porous film that allows air to pass through but seals water and other liquids. The firm also produces electronics, which include flexible printed circuit boards for smartphones and tablets, and medical products such as drug delivery patches and adhesive sheets.

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