Niitaka Co (TSE:4465) Inventory Turnover : 1.66 (As of Nov. 2024)

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What is Niitaka 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. Niitaka Co's Cost of Goods Sold for the three months ended in Nov. 2024 was 円3,785 Mil. Niitaka Co's Average Total Inventories for the quarter that ended in Nov. 2024 was 円2,283 Mil. Niitaka Co's Inventory Turnover for the quarter that ended in Nov. 2024 was 1.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Niitaka Co's Days Inventory for the three months ended in Nov. 2024 was 55.06.

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. Niitaka Co's Inventory-to-Revenue for the quarter that ended in Nov. 2024 was 0.38.

Niitaka Co Inventory Turnover Historical Data

The historical data trend for Niitaka 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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Niitaka Co Inventory Turnover Chart

Niitaka Co Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Inventory Turnover

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7.33

6.78

7.17

7.25

7.04

Niitaka Co Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Inventory Turnover	Get a 7-Day Free Trial															1.73	1.73	1.78	1.69	1.66

Niitaka Co Inventory Turnover Calculation

Niitaka Co's Inventory Turnover for the fiscal year that ended in May. 2024 is calculated as

	Inventory Turnover (A: May. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2024 )	/ (	(Total Inventories (A: May. 2023 )	+	Total Inventories (A: May. 2024 ))	/	count )
=	14603.225	/ (	(2116.313	+	2032.301)	/	2 )
=	14603.225	/	2074.307
=	7.04

Niitaka Co's Inventory Turnover for the quarter that ended in Nov. 2024 is calculated as

	Inventory Turnover (Q: Nov. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2024 )	/ (	(Total Inventories (Q: Aug. 2024 )	+	Total Inventories (Q: Nov. 2024 ))	/	count )
=	3784.61	/ (	(2244.83	+	2322.089)	/	2 )
=	3784.61	/	2283.4595
=	1.66

Niitaka Co (TSE:4465) 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.

Niitaka Co's Days Inventory for the three months ended in Nov. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2024 )	/	Cost of Goods Sold (Q: Nov. 2024 )	*	Days in Period
	=	2283.4595	/	3784.61	*	365 / 4
	=	55.06

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.

Niitaka Co's Inventory to Revenue for the quarter that ended in Nov. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2024 )	/	Revenue (Q: Nov. 2024 )
	=	2283.4595	/	5957.836
	=	0.38

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.

Niitaka Co Inventory Turnover Related Terms

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Niitaka Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Niitaka Co Ltd (TSE:4465) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

1-8-10, Niitaka, Yodogawa-ku, Osaka-shi, Osaka, JPN, 532-8560

Website

http://www.niitaka.co.jp

Niitaka Co Ltd is engaged in the manufacturing and selling of surfactant-related products for professional use in the food business industry. The company's product offering includes detergents, cleaners and bleach, solid fuel, food sanitation products, and an active ingredient. In addition, the company also engaged in the selling and leasing of commercial kitchen equipment and manufactures raw materials for cosmetics.

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