Nichia Steel Works (TSE:5658) Days Inventory: 138.81 (As of Mar. 2026) — Near Median


TSE:5658 Nichia Steel Works Ltd TSE:5658
68 GF Score
Price 円357.00
GF Value 円326.34
Valuation Fairly Valued
! 5 Warning Signs
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What is Nichia Steel Works Days Inventory?

Nichia Steel Works TSE:5658 -0.28% 68 Days Inventory is 138.81 as of Mar. 2026, which is 1% below its 10-year median of 139.98. GuruFocus rates TSE:5658 with a GF Score™ of 68/100 and a GF Value™ of 円326.34 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,962 Industrial Products companies, Nichia Steel Works ranks worse than 59.52% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Nichia Steel Works's Average Total Inventories for the six months ended in Mar. 2026 was 円10,578 Mil. Nichia Steel Works's Cost of Goods Sold for the six months ended in Mar. 2026 was 円13,908 Mil. Hence, Nichia Steel Works's Days Inventory for the six months ended in Mar. 2026 was 138.81.

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

TSE:5658' s Days Inventory Range Over the Past 10 Years
Min: 121.47   Med: 139.98   Max: 146.76
Current: 143.39

During the past 13 years, Nichia Steel Works's highest Days Inventory was 146.76. The lowest was 121.47. And the median was 139.98.

TSE:5658's Days Inventory is ranked worse than
59.52% of 2962 companies
in the Industrial Products industry
Industry Median: 119.44 vs TSE:5658: 143.39

Nichia Steel Works's Days Inventory declined from Mar. 2025 (149.38) to Mar. 2026 (138.81).

Inventory Turnover measures how fast the company turns over its inventory within a year. Nichia Steel Works's Inventory Turnover for the six months ended in Mar. 2026 was 1.31.

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. Nichia Steel Works's Inventory-to-Revenue for the six months ended in Mar. 2026 was 0.61.


Nichia Steel Works  (TSE:5658) 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.

Nichia Steel Works's Inventory Turnover for the six months ended in Mar. 2026 is calculated as

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.

Nichia Steel Works's Inventory to Revenue for the six months ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=10578.409 / 17248.681
=0.61

* 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.


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.


Nichia Steel Works Days Inventory Related Terms


Nichia Steel Works Days Inventory Historical Data

* Premium members only.

The historical data trend for Nichia Steel Works'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.

Nichia Steel Works Days Inventory Chart

Nichia Steel Works Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 138.20 146.72 146.76 145.96 143.70

Nichia Steel Works Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Days 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 144.34 150.20 149.38 147.72 138.81

TSE:5658 vs SNA, RBC, LECO: Days Inventory Comparison

For the Tools & Accessories subindustry, Nichia Steel Works'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.


Nichia Steel Works Days Inventory vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nichia Steel Works's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nichia Steel Works's Days Inventory falls into.


TSE:5658
68GF Score
Nichia Steel Works Ltd TSE:5658
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nichia Steel Works Days Inventory Calculation

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

Nichia Steel Works's Days Inventory for the fiscal year that ended in Mar. 2026 is calculated as

Days Inventory (A: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (11371.691 + 10361.088) / 2 ) / 27601.253*365
=10866.3895 / 27601.253*365
=143.70

Nichia Steel Works's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (10795.73 + 10361.088) / 2 ) / 13908.385*365 / 2
=10578.409 / 13908.385*365 / 2
=138.81

* 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 Days Inventory →
What does a Days Inventory of 138.81 mean?
Nichia Steel Works (TSE:5658) has a Days Inventory of 138.81 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Nichia Steel Works and its competitors. This is near median its historical median of 139.98. Over the past decade, Nichia Steel Works' Days Inventory has ranged from 121.47 to 146.76. According to the industry distribution chart, Nichia Steel Works ranks #1763 out of 2962 companies in the Industrial Products industry, placing it in the top 59.5%.
Is Nichia Steel Works' Days Inventory too high?
Nichia Steel Works' current Days Inventory of 138.81 is near median its 10-year median of 139.98. Over the past 10 years, this metric has ranged from a low of 121.47 to a high of 146.76. The Industrial Products industry median Days Inventory is 119.44. Nichia Steel Works' value of 138.81 is 16.2% above this industry median. Based on the distribution chart, Nichia Steel Works ranks #1763 out of 2962 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Nichia Steel Works has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nichia Steel Works' Days Inventory compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Nichia Steel Works ranks #1763 out of 2962 companies for Days Inventory. This places Nichia Steel Works in the lower half of its industry. The industry median Days Inventory is 119.44. Nichia Steel Works' value of 138.81 is 16.2% above this benchmark. Historically, Nichia Steel Works' own Days Inventory has ranged from 121.47 to 146.76 over the past decade. While the company's 10-year median is 139.98 vs. the industry median of 119.44, Nichia Steel Works has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Industrial Products company?
The median Days Inventory among Industrial Products companies is 119.44, based on 2,962 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nichia Steel Works's current Days Inventory of 138.81 is 16.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Nichia Steel Works and its competitors. For the Industrial Products industry, the median Days Inventory is 119.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichia Steel Works's current Days Inventory is 138.81, which is near median its own 10-year median of 139.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichia Steel Works stock overvalued right now?
Based on GuruFocus' analysis, Nichia Steel Works (TSE:5658) is currently considered Fairly Valued. The stock's GF Value™ is 円326.34, compared to a current price of 円357.00 — trading 9.4% above its estimated fair value. The current Days Inventory is 138.81, which is near median its 10-year median of 139.98 and 16.2% above the Industrial Products industry median of 119.44. Nichia Steel Works' overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Nichia Steel Works (TSE:5658), the current Days Inventory is 138.81 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 Nichia Steel Works (TSE:5658) Overvalued in 2026?

Based on GuruFocus' analysis, Nichia Steel Works stock appears to be overvalued. The current stock price of 円357.00 is trading 9.4% above its estimated GF Value™ of 円326.34. GuruFocus considers Nichia Steel Works to be Fairly Valued.

Key valuation signals for TSE:5658:

  • Days Inventory: 138.81 (near median its 10-year median of 139.98)
  • GF Value™: 円326.34 vs. price of 円357.00 (9.4% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 16.2% above the Industrial Products median (#1763 of 2962)

No single metric tells the full story. See the TSE:5658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nichia Steel Works Business Description

Address 6-74 Doui, Hyogo, Amagasaki, JPN, 660-0083
Nichia Steel Works Ltd is a manufacturer of steel wire products, fasteners and related products. The products are used in various fields such as construction and civil infrastructure. It offers low carbon steel wire products, hard drawn steel wire products, fasteners & special products and other special finished products.
68GF Score

Get the complete analysis for TSE:5658

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

円357.00
Price
円326.34
GF Value