Days Inventory is also known as Days Sales of Inventory (DSI). Nippon Steel's Average Total Inventories for the
three
months ended in Dec. 2023 was $15,805 Mil. Nippon Steel's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $12,975 Mil.
Hence, Nippon Steel's Days Inventory for the
three
months ended in Dec. 2023 was 111.15.
The historical rank and industry rank for Nippon Steel's Days Inventory or its related term are showing as below:
NPSCY'
s Days Inventory Range Over the Past 10 Years
Min: 91.32 Med: 101.05 Max: 123.33
Current: 111.71
During the past 13 years, Nippon Steel's highest Days Inventory was 123.33. The lowest was 91.32. And the median was 101.05.
NPSCY's Days Inventory is ranked worse than 66.55% of 574
companies
in the Steel industry
Industry Median: 85.62
vs NPSCY: 111.71
Nippon Steel's Days Inventory
increased
from Dec. 2022 (109.56) to Dec. 2023 (111.15).
It might indicate that Nippon Steel's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nippon Steel's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.82.
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 Steel's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.02.
Nippon Steel Days Inventory Historical Data
The historical data trend for Nippon Steel'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.
Competitive Comparison of Nippon Steel's Days Inventory
For the Steel subindustry, Nippon Steel'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 Steel's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Nippon Steel's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nippon Steel's Days Inventory falls into.
Nippon Steel Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nippon Steel's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Nippon Steel (OTCPK:NPSCY) 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 Steel's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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 Steel's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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 Steel Days Inventory Related Terms
Thank you for viewing the detailed overview of Nippon Steel's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nippon Steel Corporation, or NS, is the largest steel producer in Japan and one of the top five producers globally. NS supplies steel products such as steel sheets, steel plates, pipes, tubes, bars, wire rods, and stainless steels. It is mainly exposed to the auto, construction, and energy sectors. Steelmaking accounts for around 85%-90% of its revenue, while the remainder stems from engineering and construction, chemicals, new materials, and system solutions. Around 35%-40% of its revenue is from exports.
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