Days Inventory is also known as Days Sales of Inventory (DSI). Nitto Kohki Co's Average Total Inventories for the
three
months ended in Dec. 2023 was 円10,101 Mil. Nitto Kohki Co's Cost of Goods Sold for the
three
months ended in Dec. 2023 was 円3,649 Mil.
Hence, Nitto Kohki Co's Days Inventory for the
three
months ended in Dec. 2023 was 252.59.
The historical rank and industry rank for Nitto Kohki Co's Days Inventory or its related term are showing as below:
TSE:6151'
s Days Inventory Range Over the Past 10 Years
Min: 124.95 Med: 144.31 Max: 235.71
Current: 235.71
During the past 13 years, Nitto Kohki Co's highest Days Inventory was 235.71. The lowest was 124.95. And the median was 144.31.
TSE:6151's Days Inventory is ranked worse than 82.43% of 2909
companies
in the Industrial Products industry
Industry Median: 120.85
vs TSE:6151: 235.71
Nitto Kohki Co's Days Inventory
increased
from Dec. 2022 (192.92) to Dec. 2023 (252.59).
It might indicate that Nitto Kohki Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nitto Kohki Co's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.36.
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.
Nitto Kohki Co's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.52.
Nitto Kohki Co Days Inventory Historical Data
The historical data trend for Nitto Kohki 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.
Competitive Comparison of Nitto Kohki Co's Days Inventory
For the Specialty Industrial Machinery subindustry, Nitto Kohki 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.
Nitto Kohki Co's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nitto Kohki Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nitto Kohki Co's Days Inventory falls into.
Nitto Kohki Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nitto Kohki Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Nitto Kohki Co (TSE:6151) 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.
Nitto Kohki Co's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Nitto Kohki Co's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Nitto Kohki Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Nitto Kohki Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nitto Kohki Co Ltd is a Japan-based company that operates in four segments. The couplings segment develops, manufactures, and sells quick-connecting fluid couplings under the Cupla brand. The machine tools segment manufactures machine tools for various functions including drilling, cutting, sanding, chamfering, and so on. The linear pumps segment manufactures and sells pump products that are incorporated into equipment in the housing, medical healthcare, hair, and various other fields. The door closers segment offers various door-closer products utilized in different kinds of doors. The company generates the majority of its sales from the Japanese domestic market, and the rest from overseas markets.
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