Nissan Motor Co (Nissan Motor Co) Total Inventories : $14,355 Mil (As of Dec. 2023)

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What is Nissan Motor Co Total Inventories?

Nissan Motor Co's total inventories for the quarter that ended in Dec. 2023 was $14,355 Mil. Nissan Motor Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $14,093 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nissan Motor Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-34.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nissan Motor Co's Days Inventory for the three months ended in Dec. 2023 was 71.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nissan Motor Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.28.

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. Nissan Motor Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.65.

Nissan Motor Co Total Inventories Historical Data

The historical data trend for Nissan Motor Co's Total Inventories 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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Nissan Motor Co Total Inventories Chart

Nissan Motor Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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11,317.93

12,449.68

10,483.72

11,507.09

12,742.19

Nissan Motor Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															13,202.82	12,742.19	13,286.36	13,831.43	14,354.53

Nissan Motor Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Nissan Motor Co (OTCPK:NSANY) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Nissan Motor Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12215.736	+	0.75 * 2919.431	+	0.5 * 14354.525	-	86168.987
-	0	-	3576.397)	/	1993.89
=	-34.19

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

Nissan Motor Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	14092.9785	/	18078.038	*	365 / 4
	=	71.14

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

Nissan Motor Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	18078.038	/	14092.9785
	=	1.28

4. 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.

Nissan Motor Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	14092.9785	/	21586.523
	=	0.65

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Nissan Motor Co Total Inventories Related Terms

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Nissan Motor Co (Nissan Motor Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nissan Motor Co Ltd (OTCPK:NSANY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

NSANF:USA 7201:Japan NISA:Germany NISA:Austria

Address

1-1, Takashima 1-chome, Nishi-ku, Yokohama-shi, Kanagawa, JPN, 220-8686

Website

http://www.nissan-global.com

While Nissan sold 3.3 million vehicles last fiscal year, total calendar 2022 Renault-Nissan-Mitsubishi alliance sales volume of 6.5 million vehicles makes the group the fourth-largest vehicle seller in the world, behind Toyota at 10.3 million, Volkswagen at 8.5 million, and Hyundai/Kia with 6.8 million vehicles sold. Nissan's financial services subsidiary provides consumers with auto loans and leases but also finances Nissan's sales to its dealerships (known as floor-plan financing). Nissan is 43.4% owned by Renault, while Nissan in turn owns 15% of Renault. Nissan also owns a 34% stake in Mitsubishi Motors. Under a new alliance agreement expected to be completed before the end of December 2023, Nissan and Renault will have cross-shareholding capped at 15% voting rights for each company.