Nipponnso Holdings (TSE:4091) Days Inventory : 52.74 (As of Dec. 2023)

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What is Nipponnso Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nipponnso Holdings's Average Total Inventories for the three months ended in Dec. 2023 was 円108,111 Mil. Nipponnso Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円187,055 Mil. Hence, Nipponnso Holdings's Days Inventory for the three months ended in Dec. 2023 was 52.74.

The historical rank and industry rank for Nipponnso Holdings's Days Inventory or its related term are showing as below:

TSE:4091' s Days Inventory Range Over the Past 10 Years
Min: 41.17 Med: 45.75 Max: 51.81
Current: 50.97

During the past 13 years, Nipponnso Holdings's highest Days Inventory was 51.81. The lowest was 41.17. And the median was 45.75.

TSE:4091's Days Inventory is ranked better than
75.99% of 1495 companies
in the Chemicals industry
Industry Median: 82.92 vs TSE:4091: 50.97

Nipponnso Holdings's Days Inventory increased from Dec. 2022 (49.16) to Dec. 2023 (52.74). It might indicate that Nipponnso Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nipponnso Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 1.73.

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. Nipponnso Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.34.

Nipponnso Holdings Days Inventory Historical Data

The historical data trend for Nipponnso Holdings'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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Nipponnso Holdings Days Inventory Chart

Nipponnso Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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45.41

46.15

49.38

45.63

43.35

Nipponnso Holdings 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															49.16	47.22	49.08	54.56	52.74

Competitive Comparison of Nipponnso Holdings's Days Inventory

For the Chemicals subindustry, Nipponnso Holdings'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.

Nipponnso Holdings's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nipponnso Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nipponnso Holdings's Days Inventory falls into.

Nipponnso Holdings Days Inventory Calculation

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

Nipponnso Holdings'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
=	( (80064	+	97612)	/	2 )	/	748053	*	365
=	88838					/	748053	*	365
=	43.35

Nipponnso Holdings'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
=	( (108649	+	107572)	/	2 )	/	187055	*	365 / 4
=	108110.5					/	187055	*	365 / 4
=	52.74

Nipponnso Holdings (TSE:4091) 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.

Nipponnso Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	187055	/	108110.5
	=	1.73

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	108110.5	/	316084
	=	0.34

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.

Nipponnso Holdings Days Inventory Related Terms

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Nipponnso Holdings (TSE:4091) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Sanso Holdings Corp (TSE:4091) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TYNPF:USA NPX:Germany

Address

Toyo Building 1-3-26, Koyama, Shinagawa-ku, Tokyo, JPN, 142-8558

Website

https://www.nipponsanso-hd.co.jp

Nippon Sanso Holdings Group is the leading industrial gases manufacturer in Japan. The company's three main business domains are the industrial gases business, the electronics business, and the Thermos business. The company has a global presence with a majority of its revenue coming from the gas business in Japan. The industrial gases operation supplies the steelmaking, chemical, and automotive industries and provides medical products. The industrial gases domain dramatically expanded following the Praxair, Inc. acquisition that added a new business vertical. The electronics business has a supply chain in east Asia and is a hub for major semiconductor manufacturers.

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