Nissan Motor Co (Nissan Motor Co) Days Inventory

: 71.14 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Nissan Motor Co's Average Total Inventories for the three months ended in Dec. 2023 was $14,093 Mil. Nissan Motor Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $18,078 Mil. Hence, Nissan Motor Co's Days Inventory for the three months ended in Dec. 2023 was 71.14.

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

NSANY' s Days Inventory Range Over the Past 10 Years
Min: 46.43 Med: 48.99 Max: 67.65
Current: 67.65

During the past 13 years, Nissan Motor Co's highest Days Inventory was 67.65. The lowest was 46.43. And the median was 48.99.

NSANY's Days Inventory is ranked better than
60.73% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 82.23 vs NSANY: 67.65

Nissan Motor Co's Days Inventory increased from Dec. 2022 (67.74) to Dec. 2023 (71.14). It might indicate that Nissan Motor Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nissan Motor Co's Inventory Turnover for the three months ended in Dec. 2023 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. Nissan Motor Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.65.

Nissan Motor Co Days Inventory Historical Data

The historical data trend for Nissan Motor 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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Nissan Motor Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

49.27

55.31

66.79

67.31

66.59

Nissan Motor 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																67.74	60.23	69.37	71.08	71.14

Competitive Comparison

For the Auto Manufacturers subindustry, Nissan Motor 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.

Nissan Motor Co Days Inventory Distribution

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

* The bar in red indicates where Nissan Motor Co's Days Inventory falls into.

Nissan Motor Co Days Inventory Calculation

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

Nissan Motor 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
=	( (11507.092	+	12742.191)	/	2 )	/	66456.384	*	365
=	12124.6415					/	66456.384	*	365
=	66.59

Nissan Motor 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
=	( (13831.432	+	14354.525)	/	2 )	/	18078.038	*	365 / 4
=	14092.9785					/	18078.038	*	365 / 4
=	71.14

Nissan Motor Co (OTCPK:NSANY) 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.

Nissan Motor Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18078.038	/	14092.9785
	=	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14092.9785	/	21586.523
	=	0.65

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.

Nissan Motor Co Days Inventory Related Terms

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

Nissan Motor Co (Nissan Motor Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nissan Motor Co Ltd (OTCPK:NSANY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NSANF:USA 7201:Japan NISA:Germany NISA:Austria

Address

1-1, Takashima 1-chome, Nishi-ku, Yokohama-shi, Kanagawa, JPN, 220-8686

Website

http://www.nissan-global.com

While Nissan sold 3.3 million vehicles last fiscal year, total calendar 2022 Renault-Nissan-Mitsubishi alliance sales volume of 6.5 million vehicles makes the group the fourth-largest vehicle seller in the world, behind Toyota at 10.3 million, Volkswagen at 8.5 million, and Hyundai/Kia with 6.8 million vehicles sold. Nissan's financial services subsidiary provides consumers with auto loans and leases but also finances Nissan's sales to its dealerships (known as floor-plan financing). Nissan is 43.4% owned by Renault, while Nissan in turn owns 15% of Renault. Nissan also owns a 34% stake in Mitsubishi Motors. Under a new alliance agreement expected to be completed before the end of December 2023, Nissan and Renault will have cross-shareholding capped at 15% voting rights for each company.