Nisshin Oillio Group (TSE:2602) Inventory Turnover : 1.08 (As of Mar. 2024)

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What is Nisshin Oillio Group 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. Nisshin Oillio Group's Cost of Goods Sold for the three months ended in Mar. 2024 was 円107,715 Mil. Nisshin Oillio Group's Average Total Inventories for the quarter that ended in Mar. 2024 was 円99,739 Mil. Nisshin Oillio Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nisshin Oillio Group's Days Inventory for the three months ended in Mar. 2024 was 84.49.

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. Nisshin Oillio Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.

Nisshin Oillio Group Inventory Turnover Historical Data

The historical data trend for Nisshin Oillio Group'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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Nisshin Oillio Group Inventory Turnover Chart

Nisshin Oillio Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.36

4.90

5.18

5.14

4.31

Nisshin Oillio Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.12	1.08	1.09	1.13	1.08

Nisshin Oillio Group Inventory Turnover Calculation

Nisshin Oillio Group's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	439225	/ (	(106041	+	97615)	/	2 )
=	439225	/	101828
=	4.31

Nisshin Oillio Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	107715	/ (	(101863	+	97615)	/	2 )
=	107715	/	99739
=	1.08

Nisshin Oillio Group (TSE:2602) 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.

Nisshin Oillio Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	99739	/	107715	*	365 / 4
	=	84.49

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.

Nisshin Oillio Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	99739	/	122999
	=	0.81

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.

Nisshin Oillio Group Inventory Turnover Related Terms

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Nisshin Oillio Group (TSE:2602) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nisshin Oillio Group Ltd (TSE:2602) » Definitions » Inventory Turnover

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Address

1-23-1, Shinkawa, Chuo-ku, Tokyo, JPN, 104-8285

Website

http://www.nisshin-oillio.com

Nisshin Oillio Group Ltd is a Japanese company engaged in the manufacture of oil products. The company operates five reporting segments. The oils and meals business produces edible oils for household, commercial use, and food processing. The processed oils and fats business manufactures processed oil and fat products. The healthy foods business supplies dressings and healthcare products. The fine chemicals business provides raw materials for cosmetics, food ingredients, and chemical products. Finally the soy foods and materials business produces soy food ingredients and soy protein. The oils and meals business accounts for more than half of group revenue.

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