Nippon Yusen Kabushiki Kaisha (TSE:9101) Inventory Turnover : 7.51 (As of Dec. 2023)

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What is Nippon Yusen Kabushiki Kaisha 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. Nippon Yusen Kabushiki Kaisha's Cost of Goods Sold for the three months ended in Dec. 2023 was 円515,580 Mil. Nippon Yusen Kabushiki Kaisha's Average Total Inventories for the quarter that ended in Dec. 2023 was 円68,687 Mil. Nippon Yusen Kabushiki Kaisha's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nippon Yusen Kabushiki Kaisha's Days Inventory for the three months ended in Dec. 2023 was 12.16.

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. Nippon Yusen Kabushiki Kaisha's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Nippon Yusen Kabushiki Kaisha Inventory Turnover Historical Data

The historical data trend for Nippon Yusen Kabushiki Kaisha'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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Nippon Yusen Kabushiki Kaisha Inventory Turnover Chart

Nippon Yusen Kabushiki Kaisha Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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38.05

40.69

39.21

38.61

36.75

Nippon Yusen Kabushiki Kaisha Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															8.40	7.71	7.91	7.66	7.51

Nippon Yusen Kabushiki Kaisha Inventory Turnover Calculation

Nippon Yusen Kabushiki Kaisha's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	2105916	/ (	(57029	+	57593)	/	2 )
=	2105916	/	57311
=	36.75

Nippon Yusen Kabushiki Kaisha's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	515580	/ (	(68122	+	69251)	/	2 )
=	515580	/	68686.5
=	7.51

Nippon Yusen Kabushiki Kaisha (TSE:9101) 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.

Nippon Yusen Kabushiki Kaisha's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	68686.5	/	515580	*	365 / 4
	=	12.16

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.

Nippon Yusen Kabushiki Kaisha's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	68686.5	/	620882
	=	0.11

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.

Nippon Yusen Kabushiki Kaisha Inventory Turnover Related Terms

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Nippon Yusen Kabushiki Kaisha (TSE:9101) Business Description

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NYUKF:USA NPNYY:USA NYKA:Germany

Address

3 - 2, Marunouchi 2 Chome, Chiyoda-Ku, Tokyo, JPN, 100-0005

Website

http://www.nyk.com

Nippon Yusen Kabushiki Kaisha is a transportation and logistics company domiciled in Japan. The company organises itself into three divisions: global logistics, bulk shipping, and others. Global logistics, which contributes the majority of revenue, ships containers, transport air cargo, and provides logistics services. Bulk shipping, the next most significant division, transports dry bulk, including iron ore and grain; automobiles; and liquids, including oil. The other division develops and sells real estate, and operates cruise ships. The company derives the majority of revenue domestically.

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