Noevir Holdings Co (TSE:4928) Change In Inventory: 円674 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:4928 Noevir Holdings Co Ltd TSE:4928
89 GF Score
Price 円4,875.00
GF Value 円4,976.45
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Noevir Holdings Co Change In Inventory?

Noevir Holdings Co TSE:4928 +0.10% 89 Change In Inventory is 円674 Mil as of Mar. 2026. GuruFocus rates TSE:4928 with a GF Score™ of 89/100 and a GF Value™ of 円4,976.45 (Fairly Valued). The stock has 2 warning signs investors should review.

Noevir Holdings Co's change in inventory for the quarter that ended in Mar. 2026 was 円0 Mil. It means Noevir Holdings Co's inventory stayed the same from Dec. 2025 to Mar. 2026 .

Noevir Holdings Co's change in inventory for the fiscal year that ended in Sep. 2025 was 円439 Mil. It means Noevir Holdings Co's inventory declined by 円439 Mil from Sep. 2024 to Sep. 2025 .

Noevir Holdings Co's Total Inventories for the quarter that ended in Mar. 2026 was 円9,097 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Noevir Holdings Co's Days Inventory for the quarter that ended in Mar. 2026 was 161.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Noevir Holdings Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.57.

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. Noevir Holdings Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.58.

Noevir Holdings Co  (TSE:4928) Change In Inventory Explanation

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

Noevir Holdings Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=8728.5/4936*365 / 4
=161.36

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

Noevir Holdings Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=4936 / 8728.5
=0.57

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.

Noevir Holdings Co's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=8728.5 / 15149
=0.58

* 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.

Noevir Holdings Co Change In Inventory Related Terms

Noevir Holdings Co Change In Inventory Historical Data

* Premium members only.

The historical data trend for Noevir Holdings Co'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.

Noevir Holdings Co Change In Inventory Chart

Noevir Holdings Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 801.00 -284.00 -261.00 46.00 439.00

Noevir Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.00 -435.00 1,091.00 0.00 0.00
TSE:4928
89GF Score
Noevir Holdings Co Ltd TSE:4928
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Noevir Holdings Co 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円674 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of 円674 Mil mean?
Noevir Holdings Co (TSE:4928) has a Change In Inventory of 円674 Mil as of Mar. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Noevir Holdings Co and its competitors.
Is Noevir Holdings Co's Change In Inventory too high?
Noevir Holdings Co's current Change In Inventory is 円674 Mil. Overall, Noevir Holdings Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Noevir Holdings Co's Change In Inventory compare to PG and CL?
Noevir Holdings Co's Change In Inventory of 円674 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Consumer Packaged Goods company?
A good Change In Inventory depends on the Consumer Packaged Goods industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Noevir Holdings Co and its competitors. Noevir Holdings Co's current Change In Inventory is 円674 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noevir Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Noevir Holdings Co (TSE:4928) is currently considered Fairly Valued. The stock's GF Value™ is 円4,976.45, compared to a current price of 円4,875.00 — trading 2% below its estimated fair value. The current Change In Inventory is 円674 Mil. Noevir Holdings Co's overall GF Score™ is 89/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Noevir Holdings Co (TSE:4928), the current Change In Inventory is 円674 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Noevir Holdings Co (TSE:4928) Overvalued in 2026?

Based on GuruFocus' analysis, Noevir Holdings Co stock appears to be undervalued. The current stock price of 円4,875.00 is trading 2% below its estimated GF Value™ of 円4,976.45. GuruFocus considers Noevir Holdings Co to be Fairly Valued.

Key valuation signals for TSE:4928:

  • Change In Inventory: 円674 Mil
  • GF Value™: 円4,976.45 vs. price of 円4,875.00 (2% below fair value)
  • GF Score™: 89/100 with 2 warning signs

No single metric tells the full story. See the TSE:4928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Noevir Holdings Co Business Description

Address 13-1, Minatojima Nakamachi 6-chome, Chuo-ku, Kobe, JPN, 650-8521
Noevir Holdings Co Ltd is a Japan-based company that is principally engaged in two businesses: cosmetics and pharmaceuticals and health food. The cosmetics business produces and offers skincare and makeup products under a number of brands, like Noevir, NOV, and Sana. The pharmaceuticals and health food business develops, produces, and sells a broad range-of-products, including Nanten Nodo Ame cough drops, functional drinks, and other over-the-counter pharmaceuticals, such as cold remedies and eye drops, and health food products as well. These two businesses jointly contribute the majority of the company's revenue. The company also operates apparel and aircraft sales and leasing. The company has a presence in many countries across the world and focuses on developing Asian markets.
89GF Score

Get the complete analysis for TSE:4928

Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円4,875.00
Price
円4,976.45
GF Value