Nippon Coke & Engineering Co (TSE:3315) Inventory Turnover : 0.68 (As of Dec. 2023)

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What is Nippon Coke & Engineering 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 Coke & Engineering Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円28,259 Mil. Nippon Coke & Engineering Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円41,811 Mil. Nippon Coke & Engineering Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nippon Coke & Engineering Co's Days Inventory for the three months ended in Dec. 2023 was 135.01.

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 Coke & Engineering Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.42.

Nippon Coke & Engineering Co Inventory Turnover Historical Data

The historical data trend for Nippon Coke & Engineering 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 Coke & Engineering Co Inventory Turnover Chart

Nippon Coke & Engineering Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.43

4.19

4.07

4.10

2.79

Nippon Coke & Engineering Co 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															0.75	0.81	0.85	0.68	0.60

Nippon Coke & Engineering Co Inventory Turnover Calculation

Nippon Coke & Engineering Co'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 )
=	124587	/ (	(46668	+	42737)	/	2 )
=	124587	/	44702.5
=	2.79

Nippon Coke & Engineering 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 )
=	28259	/ (	(40432	+	43189)	/	2 )
=	28259	/	41810.5
=	0.68

Nippon Coke & Engineering Co (TSE:3315) 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 Coke & Engineering 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
	=	41810.5	/	28259	*	365 / 4
	=	135.01

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 Coke & Engineering 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 )
	=	41810.5	/	29468
	=	1.42

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 Coke & Engineering Co Inventory Turnover Related Terms

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Nippon Coke & Engineering Co (TSE:3315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nippon Coke & Engineering Co Ltd (TSE:3315) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NJ2:Germany

Address

3-3-3 Toyosu, Koto-ku, Tokyo, JPN, 135-6007

Website

http://www.n-coke.com

Nippon Coke & Engineering Co., Ltd is engaged in the business of production and supply of coal and coke. The company also focuses on the sale and production of powder and granule-related equipment and machinery. In addition, it is involved in the resource recycling, and logistics businesses; and property rental activity. Business is primarily functioned through Japan and it derives the majority of revenue from coal and coke segment.

Nippon Coke & Engineering Co (TSE:3315) Headlines

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