Nippon Paper Group, (TSE:3893) Days Inventory : 71.47 (As of Dec. 2012)

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What is Nippon Paper Group, Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nippon Paper Group,'s Average Total Inventories for the three months ended in Dec. 2012 was 円161,706 Mil. Nippon Paper Group,'s Cost of Goods Sold for the three months ended in Dec. 2012 was 円206,461 Mil. Hence, Nippon Paper Group,'s Days Inventory for the three months ended in Dec. 2012 was 71.47.

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

TSE:3893's Days Inventory is not ranked ^*
in the Forest Products industry.
Industry Median: 90.005
* Ranked among companies with meaningful Days Inventory only.

Nippon Paper Group,'s Days Inventory increased from Dec. 2011 (68.00) to Dec. 2012 (71.47). It might indicate that Nippon Paper Group,'s sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nippon Paper Group,'s Inventory Turnover for the three months ended in Dec. 2012 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. Nippon Paper Group,'s Inventory-to-Revenue for the three months ended in Dec. 2012 was 0.61.

Nippon Paper Group, Days Inventory Historical Data

The historical data trend for Nippon Paper Group,'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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Nippon Paper Group, Days Inventory Chart

Nippon Paper Group, Annual Data

Trend

Mar03

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Days Inventory

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58.84

63.01

68.97

62.99

67.28

Nippon Paper Group, Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Days Inventory	Get a 7-Day Free Trial			68.00	70.20	75.64	77.11	71.47

Competitive Comparison of Nippon Paper Group,'s Days Inventory

For the Paper & Paper Products subindustry, Nippon Paper Group,'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 Paper Group,'s Days Inventory Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nippon Paper Group,'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Nippon Paper Group,'s Days Inventory falls into.

Nippon Paper Group, Days Inventory Calculation

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

Nippon Paper Group,'s Days Inventory for the fiscal year that ended in Mar. 2012 is calculated as

	Days Inventory (A: Mar. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2011 )	+	Total Inventories (A: Mar. 2012 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2012 )	*	Days in Period
=	( (141356	+	154897)	/	2 )	/	803653	*	365
=	148126.5					/	803653	*	365
=	67.28

Nippon Paper Group,'s Days Inventory for the quarter that ended in Dec. 2012 is calculated as:

	Days Inventory (Q: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2012 )	+	Total Inventories (Q: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
=	( (166758	+	156654)	/	2 )	/	206461	*	365 / 4
=	161706					/	206461	*	365 / 4
=	71.47

Nippon Paper Group, (TSE:3893) 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 Paper Group,'s Inventory Turnover for the three months ended in Dec. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	206461	/	161706
	=	1.28

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 Paper Group,'s Inventory to Revenue for the three months ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	161706	/	263786
	=	0.61

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 Paper Group, Days Inventory Related Terms

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Nippon Paper Group, (TSE:3893) Business Description

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