NH Foods (TSE:2282) Inventory Turnover : 1.63 (As of Mar. 2024)

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What is NH Foods 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. NH Foods's Cost of Goods Sold for the three months ended in Mar. 2024 was 円265,530 Mil. NH Foods's Average Total Inventories for the quarter that ended in Mar. 2024 was 円162,777 Mil. NH Foods's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NH Foods's Days Inventory for the three months ended in Mar. 2024 was 55.94.

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. NH Foods's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.53.

NH Foods Inventory Turnover Historical Data

The historical data trend for NH Foods'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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NH Foods Inventory Turnover Chart

NH Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.44

6.79

6.71

6.53

NH Foods Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.50	1.53	1.57	1.76	1.63

NH Foods Inventory Turnover Calculation

NH Foods's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1099801	/ (	(169914	+	166849)	/	2 )
=	1099801	/	168381.5
=	6.53

NH Foods's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	265530	/ (	(158704	+	166849)	/	2 )
=	265530	/	162776.5
=	1.63

NH Foods (TSE:2282) 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.

NH Foods's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	162776.5	/	265530	*	365 / 4
	=	55.94

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.

NH Foods's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	162776.5	/	305475
	=	0.53

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.

NH Foods Inventory Turnover Related Terms

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NH Foods (TSE:2282) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NH Foods Ltd (TSE:2282) » Definitions » Inventory Turnover

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NIPMY:USA NI6:Germany

Address

Breeze Tower, 4-9, Umeda 2-chome, Kita-ku, Osaka, JPN, 530-0001

Website

http://www.nipponham.co.jp

NH Foods Ltd is a Japanese packaged-food company. The company offers a wide range of products: hams, sausages, processed foods, marine products, dairy products, and health food. The meat segment is the largest and includes chicken, pork, and beef. The largest categories are processed foods and ham and sausages, followed by marine products and dairy products. The main market is Japan, but the company has worldwide operations in the U.K., Germany, Turkey, Australia, Brazil, Chile, the Americas, and other Asian countries.

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