Nisshinbo Holdings (Nisshinbo Holdings) Inventory Turnover : 0.59 (As of Mar. 2024)

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What is Nisshinbo Holdings 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. Nisshinbo Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $672 Mil. Nisshinbo Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $1,145 Mil. Nisshinbo Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nisshinbo Holdings's Days Inventory for the three months ended in Mar. 2024 was 155.46.

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. Nisshinbo Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.31.

Nisshinbo Holdings Inventory Turnover Historical Data

The historical data trend for Nisshinbo Holdings'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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Nisshinbo Holdings Inventory Turnover Chart

Nisshinbo Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.55

3.15

3.16

2.72

2.56

Nisshinbo Holdings 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															0.71	0.62	0.61	0.68	0.59

Nisshinbo Holdings Inventory Turnover Calculation

Nisshinbo Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2929.835	/ (	(1107.373	+	1180.034)	/	2 )
=	2929.835	/	1143.7035
=	2.56

Nisshinbo Holdings'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 )
=	672.026	/ (	(1180.034	+	1109.835)	/	2 )
=	672.026	/	1144.9345
=	0.59

Nisshinbo Holdings (OTCPK:NSHBY) 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.

Nisshinbo Holdings'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
	=	1144.9345	/	672.026	*	365 / 4
	=	155.46

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.

Nisshinbo Holdings'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 )
	=	1144.9345	/	872.749
	=	1.31

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.

Nisshinbo Holdings Inventory Turnover Related Terms

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Nisshinbo Holdings (Nisshinbo Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nisshinbo Holdings Inc (OTCPK:NSHBY) » Definitions » Inventory Turnover

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3105:Japan

Address

2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8650

Website

http://www.nisshinbo.co.jp

Nisshinbo Holdings Inc is a Japan-based company that is primarily engaged in electronics, automobile brake, textile, paper, and precision instrument businesses. The company's electronics business provides shipping navigation technology, network equipment, microwave-related products, semiconductor devices, and others. The automobile brake business manufactures friction materials and assembly products. The textile business primarily manufactures non-iron shirts, non-woven fabrics, and spandex. The paper business mainly manufactures household paper, specialty paper, and processed paper products. The precision instrument business produces plastic molding parts, precision parts and others.

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