Nippon Parking Development Co (TSE:2353) Inventory Turnover : 3.58 (As of Jul. 2024)

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What is Nippon Parking Development Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Nippon Parking Development Co's Cost of Goods Sold for the three months ended in Jul. 2024 was 円4,852 Mil. Nippon Parking Development Co's Average Total Inventories for the quarter that ended in Jul. 2024 was 円1,354 Mil. Nippon Parking Development Co's Inventory Turnover for the quarter that ended in Jul. 2024 was 3.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nippon Parking Development Co's Days Inventory for the three months ended in Jul. 2024 was 25.46.

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. Nippon Parking Development Co's Inventory-to-Revenue for the quarter that ended in Jul. 2024 was 0.18.

Nippon Parking Development Co Inventory Turnover Historical Data

The historical data trend for Nippon Parking Development Co's Inventory Turnover 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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Nippon Parking Development Co Inventory Turnover Chart

Nippon Parking Development Co Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Inventory Turnover

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48.71

42.38

33.02

31.48

18.65

Nippon Parking Development Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Inventory Turnover	Get a 7-Day Free Trial															5.37	4.55	4.55	3.58	3.59

Nippon Parking Development Co Inventory Turnover Calculation

Nippon Parking Development Co's Inventory Turnover for the fiscal year that ended in Jul. 2024 is calculated as

	Inventory Turnover (A: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2024 )	/ (	(Total Inventories (A: Jul. 2023 )	+	Total Inventories (A: Jul. 2024 ))	/	count )
=	20027.429	/ (	(658.428	+	1488.724)	/	2 )
=	20027.429	/	1073.576
=	18.65

Nippon Parking Development Co's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

	Inventory Turnover (Q: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2024 )	/ (	(Total Inventories (Q: Apr. 2024 )	+	Total Inventories (Q: Jul. 2024 ))	/	count )
=	4852.213	/ (	(1219.041	+	1488.724)	/	2 )
=	4852.213	/	1353.8825
=	3.58

Nippon Parking Development Co (TSE:2353) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Nippon Parking Development Co's Days Inventory for the three months ended in Jul. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2024 )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
	=	1353.8825	/	4852.213	*	365 / 4
	=	25.46

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.

Nippon Parking Development Co's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2024 )	/	Revenue (Q: Jul. 2024 )
	=	1353.8825	/	7594.532
	=	0.18

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Nippon Parking Development Co Inventory Turnover Related Terms

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Nippon Parking Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nippon Parking Development Co Ltd (TSE:2353) » Definitions » Inventory Turnover

Traded in Other Exchanges

3SY:Germany

Address

Osaka Fukoku Seimei Building, 2-4 Komatsubara-cho, Kita-ku, Osaka, JPN, 530-0018

Website

http://www.n-p-d.co.jp

Nippon Parking Development Co Ltd provides car parking solutions and services. The company is engaged in providing hospitality management upgrade solutions and planning to use the unused real estate assets for parking solutions. It also provides consultation in other aspects such as depreciation, maintenance, and repair costs of parking facilities. Its client base involves building owners, parking facility owners, hotel business owners, and store owners.

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