NPC (TSE:6255) Inventory Turnover : 0.42 (As of Feb. 2024)

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What is NPC 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. NPC's Cost of Goods Sold for the three months ended in Feb. 2024 was 円1,945 Mil. NPC's Average Total Inventories for the quarter that ended in Feb. 2024 was 円4,590 Mil. NPC's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NPC's Days Inventory for the three months ended in Feb. 2024 was 215.38.

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. NPC's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 1.60.

NPC Inventory Turnover Historical Data

The historical data trend for NPC'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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NPC Inventory Turnover Chart

NPC Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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6.63

5.75

3.42

0.88

1.78

NPC Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.66	0.16	0.77	0.09	0.42

NPC Inventory Turnover Calculation

NPC's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	7376.448	/ (	(4685.89	+	3589.314)	/	2 )
=	7376.448	/	4137.602
=	1.78

NPC's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	1944.751	/ (	(4704.496	+	4476.027)	/	2 )
=	1944.751	/	4590.2615
=	0.42

NPC (TSE:6255) 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.

NPC's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	4590.2615	/	1944.751	*	365 / 4
	=	215.38

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.

NPC's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	4590.2615	/	2860.395
	=	1.60

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.

NPC Inventory Turnover Related Terms

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NPC (TSE:6255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NPC Inc (TSE:6255) » Definitions » Inventory Turnover

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Traded in Other Exchanges

59N:Germany

Address

1-7-15 Higashi-ueno, Taito-ku, Tokyo, JPN, 110-0015

Website

http://www.npcgroup.net

NPC Inc is a Japan-based company primarily engaged in the photovoltaic manufacturing equipment business. The products offered by the company include photovoltaic module manufacturing equipment such as cell tester, tabbing and stringing machine, layup machine, module laminator, module tester, laser inspection machine and other machines. It also offers comprehensive service for equipment for reuse. In addition, the group offers sealing and other vacuum packing machines to the users in various industries. It provides contract assembly service for PV modules by utilizing its own module manufacturing assembly line.

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