Nihon Shokuhin Kako Co (TSE:2892) Inventory Turnover : 1.20 (As of Dec. 2023)

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What is Nihon Shokuhin Kako 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. Nihon Shokuhin Kako Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円13,403 Mil. Nihon Shokuhin Kako Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円11,178 Mil. Nihon Shokuhin Kako Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nihon Shokuhin Kako Co's Days Inventory for the three months ended in Dec. 2023 was 76.10.

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. Nihon Shokuhin Kako Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.71.

Nihon Shokuhin Kako Co Inventory Turnover Historical Data

The historical data trend for Nihon Shokuhin Kako 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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Nihon Shokuhin Kako Co Inventory Turnover Chart

Nihon Shokuhin Kako Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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4.78

4.40

4.02

4.35

4.69

Nihon Shokuhin Kako Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.06	1.15	1.22	1.25	1.20

Nihon Shokuhin Kako Co Inventory Turnover Calculation

Nihon Shokuhin Kako Co's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	53265	/ (	(9995	+	12719)	/	2 )
=	53265	/	11357
=	4.69

Nihon Shokuhin Kako Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	13403	/ (	(11557	+	10799)	/	2 )
=	13403	/	11178
=	1.20

Nihon Shokuhin Kako Co (TSE:2892) 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.

Nihon Shokuhin Kako Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	11178	/	13403	*	365 / 4
	=	76.10

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.

Nihon Shokuhin Kako Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	11178	/	15793
	=	0.71

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.

Nihon Shokuhin Kako Co Inventory Turnover Related Terms

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Nihon Shokuhin Kako Co (TSE:2892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nihon Shokuhin Kako Co Ltd (TSE:2892) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

20 Marunouchi Kitaguchi Bldg No. 5, No. 6-chome, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.nisshoku.co.jp

Nihon Shokuhin Kako Co Ltd is a food manufacturing company. It manufactures and sells processed products such as corn starch and secondary processed products in Japan. It also offers corn starch for food and industrial use; waxy starch; and tapioca starch for food and industrial use.

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