Nippi (TSE:7932) Days Inventory: 106.67 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:7932 Nippi Inc TSE:7932
66 GF Score
Price 円12,090.00
GF Value 円5,827.82
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nippi Days Inventory?

Nippi TSE:7932 -1.06% 66 Days Inventory is 106.67 as of Mar. 2026, which is 3% above its 10-year median of 103.37. GuruFocus rates TSE:7932 with a GF Score™ of 66/100 and a GF Value™ of 円5,827.82 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,009 Manufacturing - Apparel & Accessories companies, Nippi ranks better than 61.74% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Nippi's Average Total Inventories for the six months ended in Mar. 2026 was 円9,403 Mil. Nippi's Cost of Goods Sold for the six months ended in Mar. 2026 was 円16,086 Mil. Hence, Nippi's Days Inventory for the six months ended in Mar. 2026 was 106.67.

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

TSE:7932' s Days Inventory Range Over the Past 10 Years
Min: 95.19   Med: 103.37   Max: 135.35
Current: 104.2

During the past 13 years, Nippi's highest Days Inventory was 135.35. The lowest was 95.19. And the median was 103.37.

TSE:7932's Days Inventory is ranked better than
61.74% of 1009 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.75 vs TSE:7932: 104.20

Nippi's Days Inventory increased from Mar. 2025 (105.74) to Mar. 2026 (106.67). It might indicate that Nippi's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nippi's Inventory Turnover for the six months ended in Mar. 2026 was 1.71.

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. Nippi's Inventory-to-Revenue for the six months ended in Mar. 2026 was 0.40.


Nippi  (TSE:7932) 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.

Nippi'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.

Nippi's Inventory to Revenue for the six months ended in Mar. 2026 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.


Nippi Days Inventory Related Terms


Nippi Days Inventory Historical Data

* Premium members only.

The historical data trend for Nippi'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.

Nippi Days Inventory Chart

Nippi 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 114.95 103.37 103.36 101.02 104.27

Nippi 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 110.47 100.90 105.74 101.82 106.67

TSE:7932 vs NKE, DECK, ONON: Days Inventory Comparison

For the Footwear & Accessories subindustry, Nippi'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.


Nippi Days Inventory vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nippi's Days Inventory distribution charts can be found below:

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


TSE:7932
66GF Score
Nippi Inc TSE:7932
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippi Days Inventory Calculation

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

Nippi'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
=( (9666 + 9327) / 2 ) / 33242*365
=9496.5 / 33242*365
=104.27

Nippi'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
=( (9478 + 9327) / 2 ) / 16086*365 / 2
=9402.5 / 16086*365 / 2
=106.67

* 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 106.67 mean?
Nippi (TSE:7932) has a Days Inventory of 106.67 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Nippi and its competitors. This is near median its historical median of 103.37. Over the past decade, Nippi's Days Inventory has ranged from 95.19 to 135.35. According to the industry distribution chart, Nippi ranks #386 out of 1009 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 38.3%.
Is Nippi's Days Inventory too high?
Nippi's current Days Inventory of 106.67 is near median its 10-year median of 103.37. Over the past 10 years, this metric has ranged from a low of 95.19 to a high of 135.35. The Manufacturing - Apparel & Accessories industry median Days Inventory is 132.75. Nippi's value of 106.67 is 19.6% below this industry median. Based on the distribution chart, Nippi ranks #386 out of 1009 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Nippi has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippi's Days Inventory compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nippi ranks #386 out of 1009 companies for Days Inventory. This puts Nippi in the upper half of its industry. The industry median Days Inventory is 132.75. Nippi's value of 106.67 is 19.6% below this benchmark. Historically, Nippi's own Days Inventory has ranged from 95.19 to 135.35 over the past decade. While the company's 10-year median is 103.37 vs. the industry median of 132.75, Nippi has consistently been below 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 a Manufacturing - Apparel & Accessories company?
The median Days Inventory among Manufacturing - Apparel & Accessories companies is 132.75, based on 1,009 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. Nippi's current Days Inventory of 106.67 is 19.6% below 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 Nippi and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Inventory is 132.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippi's current Days Inventory is 106.67, which is near median its own 10-year median of 103.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippi stock overvalued right now?
Based on GuruFocus' analysis, Nippi (TSE:7932) is currently considered Significantly Overvalued. The stock's GF Value™ is 円5,827.82, compared to a current price of 円12,090.00 — trading 107.5% above its estimated fair value. The current Days Inventory is 106.67, which is near median its 10-year median of 103.37 and 19.6% below the Manufacturing - Apparel & Accessories industry median of 132.75. Nippi's overall GF Score™ is 66/100 with 2 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 Nippi (TSE:7932), the current Days Inventory is 106.67 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 Nippi (TSE:7932) Overvalued in 2026?

Based on GuruFocus' analysis, Nippi stock appears to be overvalued. The current stock price of 円12,090.00 is trading 107.5% above its estimated GF Value™ of 円5,827.82. GuruFocus considers Nippi to be Significantly Overvalued.

Key valuation signals for TSE:7932:

  • Days Inventory: 106.67 (near median its 10-year median of 103.37)
  • GF Value™: 円5,827.82 vs. price of 円12,090.00 (107.5% above fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 19.6% below the Manufacturing - Apparel & Accessories median (#386 of 1009)

No single metric tells the full story. See the TSE:7932 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippi Business Description

Address 1-1-1 Senju Midori-cho, Adachi, Tokyo, JPN, 1208601
Nippi Inc is engaged in the manufacturing and selling of Leather Products in Japan. It also Manufactures and Sale Collagen Casing for Sausages, Gelatin & Collagen Peptide for food, Pharmaceutical, Industrial, and Photographic use, Cosmetics and Health Foods with Collagen.
66GF Score

Get the complete analysis for TSE:7932

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

円12,090.00
Price
円5,827.82
GF Value