Days Inventory is also known as Days Sales of Inventory (DSI). Nitto Kogyo's Average Total Inventories for the
three
months ended in Dec. 2023 was 円23,332 Mil. Nitto Kogyo's Cost of Goods Sold for the
three
months ended in Dec. 2023 was 円31,536 Mil.
Hence, Nitto Kogyo's Days Inventory for the
three
months ended in Dec. 2023 was 67.51.
The historical rank and industry rank for Nitto Kogyo's Days Inventory or its related term are showing as below:
TSE:6651'
s Days Inventory Range Over the Past 10 Years
Min: 43.17 Med: 45.4 Max: 69.99
Current: 69.99
During the past 13 years, Nitto Kogyo's highest Days Inventory was 69.99. The lowest was 43.17. And the median was 45.40.
TSE:6651's Days Inventory is ranked better than 79.37% of 2904
companies
in the Industrial Products industry
Industry Median: 121.99
vs TSE:6651: 69.99
Nitto Kogyo's Days Inventory
increased
from Dec. 2022 (65.68) to Dec. 2023 (67.51).
It might indicate that Nitto Kogyo's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nitto Kogyo's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.35.
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 Kogyo's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.53.
Nitto Kogyo Days Inventory Historical Data
The historical data trend for Nitto Kogyo'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 Kogyo's Days Inventory
For the Electrical Equipment & Parts subindustry, Nitto Kogyo'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 Kogyo's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nitto Kogyo's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nitto Kogyo's Days Inventory falls into.
Nitto Kogyo Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nitto Kogyo's Days Inventory for the fiscal year that ended in Mar. 2024 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 Kogyo (TSE:6651) 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 Kogyo'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 Kogyo'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 Kogyo Days Inventory Related Terms
Thank you for viewing the detailed overview of Nitto Kogyo's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nitto Kogyo Corp is a Japan-based company which provides a wide range of product materials, such as electric circuit panelboard powered high-pressure equipment, such as information and communications-related materials. It is engaged in manufacture and sales of electric and mechanical equipment such as high-voltage power-receiving equipment, panel boards, home panel boards, charging stations, optical junction boxes, metal enclosures, plastic enclosures, racks, breakers, switches, thermal management products, and so on. The company is also in Power Generation and sales business.
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