NTN (STU:NTN) Change In Inventory : €-26 Mil (TTM As of Mar. 2024)

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What is NTN Change In Inventory?

NTN's change in inventory for the quarter that ended in Mar. 2024 was €25 Mil. It means NTN's inventory declined by €25 Mil from Dec. 2023 to Mar. 2024 .

NTN's change in inventory for the fiscal year that ended in Mar. 2024 was €-24 Mil. It means NTN's inventory increased by €24 Mil from Mar. 2023 to Mar. 2024 .

NTN's Total Inventories for the quarter that ended in Mar. 2024 was €1,626 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NTN's Days Inventory for the quarter that ended in Mar. 2024 was 140.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. NTN's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

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. NTN's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.24.

NTN Change In Inventory Historical Data

The historical data trend for NTN's Change In 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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NTN Change In Inventory Chart

NTN Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Inventory

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33.57

104.26

-193.73

-105.12

-23.86

NTN Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															70.75	-11.16	12.61	-52.93	25.45

NTN Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-26 Mil.

NTN (STU:NTN) Change In Inventory Explanation

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

NTN's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1638.2615	/	1065.176	*	365 / 4
	=	140.34

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

NTN's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1065.176	/	1638.2615
	=	0.65

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1638.2615	/	1324.807
	=	1.24

NTN Change In Inventory Related Terms

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NTN (STU:NTN) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NTN Corp (STU:NTN) » Definitions » Change In Inventory

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6472:Japan

Address

3-17, 1-chome, Kyomachibori, Nishi-ku, Osaka, JPN, 550-0003

Website

http://www.ntn.co.jp

NTN Corp is a Japan-based company that manufactures and sells bearings, constant velocity joints, precision equipment, aftermarket parts, and other mechanical parts. The company's products are used in a wide range of applications, including automobile, electric vehicle, rolling stock, wind turbine, construction and mining machinery, agricultural machinery, machine tools, office equipment, steel manufacturing machinery, paper manufacturing machinery, food machinery, medical equipment, aerospace, and robots. The company has a global presence, with Japan, the Americas, and Europe the three largest markets for the company.