Nippon Carbide Industries Co (TSE:4064) Days Inventory : 112.31 (As of Dec. 2023)

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What is Nippon Carbide Industries Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nippon Carbide Industries Co's Average Total Inventories for the three months ended in Dec. 2023 was 円10,245 Mil. Nippon Carbide Industries Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,324 Mil. Hence, Nippon Carbide Industries Co's Days Inventory for the three months ended in Dec. 2023 was 112.31.

The historical rank and industry rank for Nippon Carbide Industries Co's Days Inventory or its related term are showing as below:

TSE:4064' s Days Inventory Range Over the Past 10 Years
Min: 71.23 Med: 82.61 Max: 124.44
Current: 124.44

During the past 13 years, Nippon Carbide Industries Co's highest Days Inventory was 124.44. The lowest was 71.23. And the median was 82.61.

TSE:4064's Days Inventory is ranked worse than
72.52% of 1492 companies
in the Chemicals industry
Industry Median: 82.965 vs TSE:4064: 124.44

Nippon Carbide Industries Co's Days Inventory declined from Dec. 2022 (126.38) to Dec. 2023 (112.31).

Inventory Turnover measures how fast the company turns over its inventory within a year. Nippon Carbide Industries Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.81.

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 Carbide Industries Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.89.

Nippon Carbide Industries Co Days Inventory Historical Data

The historical data trend for Nippon Carbide Industries Co'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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Nippon Carbide Industries Co Days Inventory Chart

Nippon Carbide Industries Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

81.99

89.92

101.20

95.34

111.18

Nippon Carbide Industries Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															126.38	133.99	135.84	117.07	112.31

Competitive Comparison of Nippon Carbide Industries Co's Days Inventory

For the Specialty Chemicals subindustry, Nippon Carbide Industries Co'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.

Nippon Carbide Industries Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Carbide Industries Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nippon Carbide Industries Co's Days Inventory falls into.

Nippon Carbide Industries Co Days Inventory Calculation

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

Nippon Carbide Industries Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (9172	+	9954)	/	2 )	/	31394	*	365
=	9563					/	31394	*	365
=	111.18

Nippon Carbide Industries Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (10219	+	10271)	/	2 )	/	8324	*	365 / 4
=	10245					/	8324	*	365 / 4
=	112.31

Nippon Carbide Industries Co (TSE:4064) 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.

Nippon Carbide Industries Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8324	/	10245
	=	0.81

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 Carbide Industries Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10245	/	11465
	=	0.89

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.

Nippon Carbide Industries Co Days Inventory Related Terms

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Nippon Carbide Industries Co (TSE:4064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Carbide Industries Co Inc (TSE:4064) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-2, 2-Chome Konan, Minato-Ku, Tokyo, JPN, 108-8466

Website

http://www.carbide.co.jp

Nippon Carbide Industries Co Inc is engaged in the manufacture and sales of chemicals, plastics and resins, plastics films and electronic materials. Its product offerings include calcium carbide, dicyandiamide, cyanamide solution, among others. The company also manufacture and sell adhesive products used in medical, optical, and electronic equipment, coating materials for paper, film, and metal, fiber processing, and pigments.

Nippon Carbide Industries Co (TSE:4064) Headlines

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