Days Inventory is also known as Days Sales of Inventory (DSI). Nitto Denko's Average Total Inventories for the
three
months ended in Dec. 2023 was $957 Mil. Nitto Denko's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,014 Mil.
Hence, Nitto Denko's Days Inventory for the
three
months ended in Dec. 2023 was 86.04.
The historical rank and industry rank for Nitto Denko's Days Inventory or its related term are showing as below:
NDEKY'
s Days Inventory Range Over the Past 10 Years
Min: 56.64 Med: 61.15 Max: 90.16
Current: 90.16
During the past 13 years, Nitto Denko's highest Days Inventory was 90.16. The lowest was 56.64. And the median was 61.15.
NDEKY's Days Inventory is ranked worse than 54.52% of 1493
companies
in the Chemicals industry
Industry Median: 83.51
vs NDEKY: 90.16
Nitto Denko's Days Inventory
increased
from Dec. 2022 (85.10) to Dec. 2023 (86.04).
It might indicate that Nitto Denko's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nitto Denko's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.06.
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.
Nitto Denko's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.56.
Nitto Denko Days Inventory Historical Data
The historical data trend for Nitto Denko'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.
* Premium members only.
Nitto Denko Annual Data
Trend
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Mar23
Days Inventory
62.59
65.80
72.14
81.39
88.15
Nitto Denko Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
85.10
95.28
93.78
88.20
86.04
Competitive Comparison
For the Specialty Chemicals subindustry, Nitto Denko'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.
Nitto Denko Days Inventory Distribution
For the Chemicals industry and Basic Materials sector, Nitto Denko's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nitto Denko's Days Inventory falls into.
Nitto Denko Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nitto Denko's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Nitto Denko (OTCPK:NDEKY) 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.
Nitto Denko's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Nitto Denko's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Nitto Denko Days Inventory Related Terms
Thank you for viewing the detailed overview of Nitto Denko's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nitto Denko Corp manufactures and sells a variety of industrial and electronics products. The company sells tape products, which include masking tape for painting and printed-circuit boards, double sided tapes, electrical tape, and sealant materials used in the construction industry. Nitto Denko also sells film products, which include surface protective film, fluoroplastic films used to seal pipes and air filters, and porous film that allows air to pass through but seals water and other liquids. The firm also produces electronics, which include flexible printed circuit boards for smartphones and tablets, and medical products such as drug delivery patches and adhesive sheets.
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