NTT Data Group (NTT Data Group) Inventory Turnover : 10.83 (As of Dec. 2023)

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What is NTT Data Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. NTT Data Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,602 Mil. NTT Data Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $517 Mil. NTT Data Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NTT Data Group's Days Inventory for the three months ended in Dec. 2023 was 8.42.

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. NTT Data Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

NTT Data Group Inventory Turnover Historical Data

The historical data trend for NTT Data Group's Inventory Turnover 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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NTT Data Group Inventory Turnover Chart

NTT Data Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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85.48

118.74

122.40

91.02

48.97

NTT Data Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															11.43	9.06	9.48	9.68	10.83

NTT Data Group Inventory Turnover Calculation

NTT Data Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	19211.922	/ (	(214.451	+	570.242)	/	2 )
=	19211.922	/	392.3465
=	48.97

NTT Data Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	5601.907	/ (	(532.091	+	502.162)	/	2 )
=	5601.907	/	517.1265
=	10.83

NTT Data Group (OTCPK:NTDTY) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

NTT Data Group'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
	=	517.1265	/	5601.907	*	365 / 4
	=	8.42

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.

NTT Data Group'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 )
	=	517.1265	/	7623.542
	=	0.07

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

NTT Data Group Inventory Turnover Related Terms

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NTT Data Group (NTT Data Group) Business Description

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9613:Japan NT5:Germany

Address

Toyosu Center Building, 3-3, Toyosu 3-chome, Koto-ku, Yubinbango, Tokyo, JPN, 135-6033

Website

https://www.nttdata.com

NTT Data Group Corp Formerly NTT Data Corp provides IT services to a wide range of business fields. The company's operations are divided into three segments: global, public and social infrastructure; enterprise and solutions; and financial. Each segment contributes approximately an even proportion of the company's revenue. The services the company provides include system integration by constructing systems tailored to individual customer needs, multiple Internet and computer network-based information and processing services, consulting that evaluates customers' management issues, system support for large-scale systems, and new IT-based business models. The company is based in Japan but has a global presence.