Ad-Sol Nissin (TSE:3837) Inventory Turnover : 288.42 (As of Mar. 2024)

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What is Ad-Sol Nissin 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. Ad-Sol Nissin's Cost of Goods Sold for the three months ended in Mar. 2024 was 円2,766 Mil. Ad-Sol Nissin's Average Total Inventories for the quarter that ended in Mar. 2024 was 円10 Mil. Ad-Sol Nissin's Inventory Turnover for the quarter that ended in Mar. 2024 was 288.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ad-Sol Nissin's Days Inventory for the three months ended in Mar. 2024 was 0.32.

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. Ad-Sol Nissin's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Ad-Sol Nissin Inventory Turnover Historical Data

The historical data trend for Ad-Sol Nissin'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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Ad-Sol Nissin Inventory Turnover Chart

Ad-Sol Nissin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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58.10

77.75

96.17

82.92

138.41

Ad-Sol Nissin 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															17.19	30.30	174.03	219.24	288.42

Ad-Sol Nissin Inventory Turnover Calculation

Ad-Sol Nissin'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 )
=	10268.784	/ (	(142.833	+	5.553)	/	2 )
=	10268.784	/	74.193
=	138.41

Ad-Sol Nissin'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 )
=	2766.393	/ (	(13.63	+	5.553)	/	2 )
=	2766.393	/	9.5915
=	288.42

Ad-Sol Nissin (TSE:3837) 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.

Ad-Sol Nissin'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
	=	9.5915	/	2766.393	*	365 / 4
	=	0.32

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.

Ad-Sol Nissin'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 )
	=	9.5915	/	3719.233
	=	0.00

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.

Ad-Sol Nissin Inventory Turnover Related Terms

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Ad-Sol Nissin Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Ad-Sol Nissin Corp (TSE:3837) » Definitions » Inventory Turnover

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Address

Riverge Shinagawa 4 - chome, Minato - ku, Tokyo, JPN, 108-0075

Website

http://www.adniss.jp

Ad-Sol Nissin Corp develops information systems for enterprises. The company provides Social Infrastructure Business, Advanced Industry Business, IoX Integrated Engineering Business, and Security solutions. The Social Infrastructure Business develops system integration services in social infrastructures such as energy, road, aerospace, and others. Advanced Industry Business promotes Next Generation EV Vehicle, Industrial Equipment, and others. The IoX Integrated Engineering Business propose solutions such as AI. Big Data, Wireless, and others, and Security Solution protect IoT devices from cyber attacks.

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