NittoBest (TSE:2877) Days Inventory : 0.00 (As of Sep. 2024)

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What is NittoBest Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NittoBest's Average Total Inventories for the three months ended in Sep. 2024 was 円6,581 Mil. NittoBest's Cost of Goods Sold for the three months ended in Sep. 2024 was 円0 Mil.

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

TSE:2877' s Days Inventory Range Over the Past 10 Years
Min: 46.84 Med: 48.45 Max: 55.16
Current: 55.16

During the past 13 years, NittoBest's highest Days Inventory was 55.16. The lowest was 46.84. And the median was 48.45.

TSE:2877's Days Inventory is ranked better than
70.32% of 1806 companies
in the Consumer Packaged Goods industry
Industry Median: 81.795 vs TSE:2877: 55.16

NittoBest's Days Inventory declined from Jun. 2023 (58.75) to Sep. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. NittoBest's Inventory Turnover for the three months ended in Sep. 2024 was 0.00.

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.

NittoBest Days Inventory Historical Data

The historical data trend for NittoBest'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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NittoBest Days Inventory Chart

NittoBest Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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50.75

52.92

46.84

51.15

51.84

NittoBest Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial															58.75	59.53	54.24	54.63	-

Competitive Comparison of NittoBest's Days Inventory

For the Packaged Foods subindustry, NittoBest'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.

NittoBest's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NittoBest's Days Inventory distribution charts can be found below:

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

NittoBest Days Inventory Calculation

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

NittoBest's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (6614.331	+	6222.157)	/	2 )	/	45191.862	*	365
=	6418.244					/	45191.862	*	365
=	51.84

NittoBest's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (6222.157	+	6939.699)	/	2 )	/	0	*	365 / 4
=	6580.928					/	0	*	365 / 4
=	N/A

NittoBest (TSE:2877) 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.

NittoBest's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	6580.928
	=	0.00

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.

NittoBest's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6580.928	/	0
	=

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.

NittoBest Days Inventory Related Terms

Thank you for viewing the detailed overview of NittoBest's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

NittoBest Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NittoBest Corp (TSE:2877) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-27 Saiwaicho, Yamagata Prefecture, Sagae, JPN, 991-8610

Website

http://www.nittobest.co.jp

NittoBest Corp is engaged in the manufacture and sale of frozen goods, daily foods, canned foods, packaged foods, and chilled foods.

NittoBest Headlines

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