Nidec (NJDCY) Days Inventory : 108.45 (As of Mar. 2024)

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Days Inventory is also known as Days Sales of Inventory (DSI). Nidec's Average Total Inventories for the three months ended in Mar. 2024 was $3,809 Mil. Nidec's Cost of Goods Sold for the three months ended in Mar. 2024 was $3,204 Mil. Hence, Nidec's Days Inventory for the three months ended in Mar. 2024 was 108.45.

The historical rank and industry rank for Nidec's Days Inventory or its related term are showing as below:

NJDCY' s Days Inventory Range Over the Past 10 Years
Min: 60.61 Med: 75.44 Max: 108.98
Current: 108.98

During the past 13 years, Nidec's highest Days Inventory was 108.98. The lowest was 60.61. And the median was 75.44.

NJDCY's Days Inventory is ranked better than
55.69% of 2907 companies
in the Industrial Products industry
Industry Median: 120.15 vs NJDCY: 108.98

Nidec's Days Inventory increased from Mar. 2023 (103.35) to Mar. 2024 (108.45). It might indicate that Nidec's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nidec's Inventory Turnover for the three months ended in Mar. 2024 was 0.84.

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. Nidec's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.96.

Nidec Days Inventory Historical Data

The historical data trend for Nidec's Days 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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Nidec Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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79.83

84.21

94.09

103.23

112.31

Nidec Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															103.35	114.82	112.43	109.24	108.45

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Nidec's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nidec Days Inventory Distribution

For the Industrial Products industry and Industrials sector, Nidec's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nidec's Days Inventory falls into.

Nidec Days Inventory Calculation

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

Nidec's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (3885.465	+	3716.328)	/	2 )	/	12352.205	*	365
=	3800.8965					/	12352.205	*	365
=	112.31

Nidec's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3900.758	+	3716.328)	/	2 )	/	3204.462	*	365 / 4
=	3808.543					/	3204.462	*	365 / 4
=	108.45

Nidec (OTCPK:NJDCY) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Nidec's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3204.462	/	3808.543
	=	0.84

2. 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.

Nidec's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3808.543	/	3961.551
	=	0.96

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Nidec Days Inventory Related Terms

Thank you for viewing the detailed overview of Nidec's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Nidec (NJDCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nidec Corp (OTCPK:NJDCY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NNDNF:USA NIDEC:Mexico 6594:Japan NIB:Germany NIB:Austria

Address

338 Kuzetonoshiro-cho, Minami-ku, Kyoto, JPN, 601-8205

Website

http://www.nidec.com

Nidec is a global leader of brushless DC motors. Brushless DC motors have advantages over other types of motors in power efficiency, silence, and durability. Nidec possesses the number-one market share in a wide variety of products, such as hard disk drive motors, optical disk drive motors, vibration motors on handsets, brushless motors for inverter air conditioners, and brushless motors for electric power steering on automobiles. It continues to benefit from the growing demand for power-efficient motors, driven by strengthening environmental regulations. Nidec sets an ambitious target to increase its revenue to JPY 3 trillion in fiscal 2025 from JPY 1.9 trillion in fiscal 2021.