NTN (TSE:6472) Days Inventory : 138.34 (As of Sep. 2024)

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What is NTN Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NTN's Average Total Inventories for the three months ended in Sep. 2024 was 円255,265 Mil. NTN's Cost of Goods Sold for the three months ended in Sep. 2024 was 円168,372 Mil. Hence, NTN's Days Inventory for the three months ended in Sep. 2024 was 138.34.

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

TSE:6472' s Days Inventory Range Over the Past 10 Years
Min: 106.19 Med: 120.11 Max: 137.45
Current: 136.94

During the past 13 years, NTN's highest Days Inventory was 137.45. The lowest was 106.19. And the median was 120.11.

TSE:6472's Days Inventory is ranked worse than
56.71% of 2904 companies
in the Industrial Products industry
Industry Median: 121.88 vs TSE:6472: 136.94

NTN's Days Inventory increased from Sep. 2023 (133.48) to Sep. 2024 (138.34). It might indicate that NTN's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. NTN's Inventory Turnover for the three months ended in Sep. 2024 was 0.66.

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. NTN's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.26.

NTN Days Inventory Historical Data

The historical data trend for NTN'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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NTN Days Inventory Chart

NTN Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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125.37

137.45

133.35

127.92

133.16

NTN Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															133.48	136.38	137.81	137.53	138.34

Competitive Comparison of NTN's Days Inventory

For the Tools & Accessories subindustry, NTN'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.

NTN's Days Inventory Distribution in the Industrial Products Industry

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

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

NTN Days Inventory Calculation

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

NTN'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
=	( (239385	+	264794)	/	2 )	/	691008	*	365
=	252089.5					/	691008	*	365
=	133.16

NTN'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: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	255265)	/	1 )	/	168372	*	365 / 4
=	255265					/	168372	*	365 / 4
=	138.34

NTN (TSE:6472) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	168372	/	255265
	=	0.66

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	255265	/	203138
	=	1.26

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.

NTN Days Inventory Related Terms

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

NTN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NTN Corp (TSE:6472) » Definitions » Days Inventory

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NTN:Germany

Address

3-17, 1-chome, Kyomachibori, Nishi-ku, Osaka, JPN, 550-0003

Website

http://www.ntn.co.jp

NTN Corp is a Japan-based company that manufactures and sells bearings, constant velocity joints, precision equipment, aftermarket parts, and other mechanical parts. The company's products are used in a wide range of applications, including automobile, electric vehicle, rolling stock, wind turbine, construction and mining machinery, agricultural machinery, machine tools, office equipment, steel manufacturing machinery, paper manufacturing machinery, food machinery, medical equipment, aerospace, and robots. The company has a global presence, with Japan, the Americas, and Europe the three largest markets for the company.

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