Nippon Express Co (Nippon Express Co) Days Inventory : 1.92 (As of Sep. 2021)

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What is Nippon Express Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nippon Express Co's Average Total Inventories for the three months ended in Sep. 2021 was $98 Mil. Nippon Express Co's Cost of Goods Sold for the three months ended in Sep. 2021 was $4,651 Mil. Hence, Nippon Express Co's Days Inventory for the three months ended in Sep. 2021 was 1.92.

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

NPEXY's Days Inventory is not ranked ^*
in the Transportation industry.
Industry Median: 11.545
* Ranked among companies with meaningful Days Inventory only.

Nippon Express Co's Days Inventory increased from Sep. 2020 (1.88) to Sep. 2021 (1.92). It might indicate that Nippon Express Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nippon Express Co's Inventory Turnover for the three months ended in Sep. 2021 was 47.64.

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. Nippon Express Co's Inventory-to-Revenue for the three months ended in Sep. 2021 was 0.02.

Nippon Express Co Days Inventory Historical Data

The historical data trend for Nippon Express Co'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.

* Premium members only.

Nippon Express Co Days Inventory Chart

Nippon Express Co Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Days Inventory

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1.34

1.28

1.44

1.61

1.69

Nippon Express Co Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Days Inventory	Get a 7-Day Free Trial															1.54	1.43	1.71	1.92	1.80

Competitive Comparison of Nippon Express Co's Days Inventory

For the Integrated Freight & Logistics subindustry, Nippon Express Co'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.

Nippon Express Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nippon Express Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nippon Express Co's Days Inventory falls into.

Nippon Express Co Days Inventory Calculation

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

Nippon Express Co's Days Inventory for the fiscal year that ended in Mar. 2021 is calculated as

	Days Inventory (A: Mar. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2020 )	+	Total Inventories (A: Mar. 2021 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2021 )	*	Days in Period
=	( (84.566	+	76.321)	/	2 )	/	17349.619	*	365
=	80.4435					/	17349.619	*	365
=	1.69

Nippon Express Co's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (92.037	+	103.231)	/	2 )	/	4651.038	*	365 / 4
=	97.634					/	4651.038	*	365 / 4
=	1.92

Nippon Express Co (OTCPK:NPEXY) 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.

Nippon Express Co's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4651.038	/	97.634
	=	47.64

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.

Nippon Express Co's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	97.634	/	5076.098
	=	0.02

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.

Nippon Express Co Days Inventory Related Terms

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

Nippon Express Co (Nippon Express Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nippon Express Co Ltd (OTCPK:NPEXY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-3, Higashi Shimbashi, Minato-ku, Tokyo, JPN, 105-8322

Website

http://www.nittsu.co.jp

Nippon Express is a Japanese transportation and logistics company. The company operates through segments classified by geography and function: Japan, the Americas, Europe, East Asia, South Asia and Oceania, security transportation, heavy haulage and construction, and logistics support. Each of the segments named for a region focuses on logistics, the primary engine for Nippon's revenue. These regional segments conduct air freight forwarding, marine and harbor transportation, and warehousing services. Japan is the largest, earning more revenue than the other regional segments combined. Logistics support is the second-highest earning segment, engaging in activities such as the sale of distribution equipment, packing materials, vehicles, and petroleum.

Nippon Express Co (Nippon Express Co) Headlines

From GuruFocus

Nippon Express Completes Acquisition of Equity Interests in MD Logistics and MD Express (Turning into Subsidiary)

By PRNewswire PRNewswire • 09-03-2020