Nichiban Co (TSE:4218) Inventory Turnover : 0.96 (As of Dec. 2023)

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What is Nichiban 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. Nichiban Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,884 Mil. Nichiban Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円9,277 Mil. Nichiban Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nichiban Co's Days Inventory for the three months ended in Dec. 2023 was 95.28.

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

Nichiban Co Inventory Turnover Historical Data

The historical data trend for Nichiban 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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Nichiban Co Inventory Turnover Chart

Nichiban Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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4.07

3.57

3.63

4.06

4.00

Nichiban 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															1.03	0.97	0.85	0.90	0.96

Nichiban Co Inventory Turnover Calculation

Nichiban 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 )
=	32586	/ (	(7546	+	8730)	/	2 )
=	32586	/	8138
=	4.00

Nichiban 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 )
=	8884	/ (	(9271	+	9282)	/	2 )
=	8884	/	9276.5
=	0.96

Nichiban Co (TSE:4218) 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.

Nichiban 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
	=	9276.5	/	8884	*	365 / 4
	=	95.28

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.

Nichiban 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 )
	=	9276.5	/	13046
	=	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.

Nichiban Co Inventory Turnover Related Terms

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Nichiban Co (TSE:4218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nichiban Co Ltd (TSE:4218) » Definitions » Inventory Turnover

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Address

2-3-3, Sekiguchi, Bunkyo-ku, Tokyo, JPN, 112-8663

Website

http://www.nichiban.co.jp

Nichiban Co Ltd is a Japan based company engaged in the business of manufacturing and selling products in the field of medical supplies, healthcare, industrial products and industrial products. It offers hemostatic solutions, wound care dressing and surgical tapes, industrial products for manufacturing and distribution and automotive industry, stationery products, TDS pharmaceutical pain relief plaster and foot care products, sports medical battlewin taping tape and first aid bandage.

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