Nishimoto Co (TSE:9260) Days Inventory : 68.61 (As of Dec. 2023)

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What is Nishimoto Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nishimoto Co's Average Total Inventories for the three months ended in Dec. 2023 was 円45,934 Mil. Nishimoto Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円61,088 Mil. Hence, Nishimoto Co's Days Inventory for the three months ended in Dec. 2023 was 68.61.

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

TSE:9260' s Days Inventory Range Over the Past 10 Years
Min: 55.61 Med: 63.18 Max: 68.14
Current: 67.17

During the past 9 years, Nishimoto Co's highest Days Inventory was 68.14. The lowest was 55.61. And the median was 63.18.

TSE:9260's Days Inventory is ranked worse than
78.15% of 302 companies
in the Retail - Defensive industry
Industry Median: 36.41 vs TSE:9260: 67.17

Nishimoto Co's Days Inventory declined from Dec. 2022 (72.48) to Dec. 2023 (68.61).

Inventory Turnover measures how fast the company turns over its inventory within a year. Nishimoto Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.33.

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. Nishimoto Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.59.

Nishimoto Co Days Inventory Historical Data

The historical data trend for Nishimoto 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.

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Nishimoto Co Days Inventory Chart

Nishimoto Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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63.18

68.13

63.29

63.97

68.14

Nishimoto Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															72.48	69.34	63.41	66.60	68.61

Competitive Comparison of Nishimoto Co's Days Inventory

For the Food Distribution subindustry, Nishimoto 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.

Nishimoto Co's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Nishimoto Co's Days Inventory distribution charts can be found below:

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

Nishimoto Co Days Inventory Calculation

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

Nishimoto Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (42584	+	46530)	/	2 )	/	238664	*	365
=	44557					/	238664	*	365
=	68.14

Nishimoto Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (45338	+	46530)	/	2 )	/	61088	*	365 / 4
=	45934					/	61088	*	365 / 4
=	68.61

Nishimoto Co (TSE:9260) 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.

Nishimoto Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	61088	/	45934
	=	1.33

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.

Nishimoto Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	45934	/	77249
	=	0.59

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.

Nishimoto Co Days Inventory Related Terms

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

Nishimoto Co (TSE:9260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nishimoto Co Ltd (TSE:9260) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-10-5 Nihonbashi, Chuo-ku, Onward Park Building, Tokyo, JPN, 103-0027

Website

http://www.wismettac.com

Nishimoto Co Ltd operates in the food distribution industry. The company has organized its business activities into three division: Asian Food Global Business, Agricultural and Seafood Products Trading Business, and Amenity Food and Retail Business. Through its Agricultural and Seafood Products Trading Business the company imports fruits and vegetables from all over the world and sell them to wholesale markets and mass retailers throughout Japan, and supply ingredients to the restaurant industry and foodstuff manufacturers. The company has an operational presence across Japan, North America, Canada, Singapore, Australia, Netherlands, the United Kingdom, Germany, France, Singapore, China, and Hong Kong.

Nishimoto Co (TSE:9260) Headlines

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