Nippon Seiki Co (TSE:7287) Days Inventory : 133.92 (As of Dec. 2023)

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What is Nippon Seiki Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nippon Seiki Co's Average Total Inventories for the three months ended in Dec. 2023 was 円100,731 Mil. Nippon Seiki Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円68,638 Mil. Hence, Nippon Seiki Co's Days Inventory for the three months ended in Dec. 2023 was 133.92.

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

TSE:7287' s Days Inventory Range Over the Past 10 Years
Min: 63.43 Med: 74.9 Max: 134.29
Current: 134.29

During the past 13 years, Nippon Seiki Co's highest Days Inventory was 134.29. The lowest was 63.43. And the median was 74.90.

TSE:7287's Days Inventory is ranked worse than
79.46% of 1256 companies
in the Vehicles & Parts industry
Industry Median: 81.39 vs TSE:7287: 134.29

Nippon Seiki Co's Days Inventory increased from Dec. 2022 (131.21) to Dec. 2023 (133.92). It might indicate that Nippon Seiki Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nippon Seiki Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.68.

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 Seiki Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.27.

Nippon Seiki Co Days Inventory Historical Data

The historical data trend for Nippon Seiki 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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Nippon Seiki Co Days Inventory Chart

Nippon Seiki Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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73.08

79.79

88.72

112.06

124.71

Nippon Seiki 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															131.21	128.44	136.14	139.76	133.92

Competitive Comparison of Nippon Seiki Co's Days Inventory

For the Auto Parts subindustry, Nippon Seiki 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.

Nippon Seiki Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Seiki Co's Days Inventory distribution charts can be found below:

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

Nippon Seiki Co Days Inventory Calculation

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

Nippon Seiki Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (69577	+	92475)	/	2 )	/	237151	*	365
=	81026					/	237151	*	365
=	124.71

Nippon Seiki 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
=	( (101198	+	100264)	/	2 )	/	68638	*	365 / 4
=	100731					/	68638	*	365 / 4
=	133.92

Nippon Seiki Co (TSE:7287) 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 Seiki Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	68638	/	100731
	=	0.68

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	100731	/	79454
	=	1.27

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 Seiki Co Days Inventory Related Terms

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

Nippon Seiki Co (TSE:7287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Seiki Co Ltd (TSE:7287) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Higashizao 2-34 2-chome, Nagaoka, Niigata, JPN, 940-8580

Website

http://www.nippon-seiki.co.jp

Nippon Seiki Co Ltd is a manufacturer of automobile components sold on aftermarkets. The range of products include instrument clusters for automobiles and motorcycles and other applications for head-up displays; level, revolution, pressure, and temperature sensors; household appliances, office and factory automation appliances; and passive LCD and OLED display products. On the aftermarkets, Nippon Seiki sells its product under its private label Defi. The company generates the majority of its revenue from automotive instruments, with a focus on Japan, the Americas, and the rest of Asia.

Nippon Seiki Co (TSE:7287) Headlines

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