Nihon Nohyaku Co (TSE:4997) Inventory Turnover : 0.30 (As of Dec. 2023)

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What is Nihon Nohyaku 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 Nohyaku Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円15,539 Mil. Nihon Nohyaku Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円52,282 Mil. Nihon Nohyaku Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nihon Nohyaku Co's Days Inventory for the three months ended in Dec. 2023 was 307.01.

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. Nihon Nohyaku Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.31.

Nihon Nohyaku Co Inventory Turnover Historical Data

The historical data trend for Nihon Nohyaku 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 Nohyaku Co Inventory Turnover Chart

Nihon Nohyaku Co Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Mar21

Mar22

Mar23

Inventory Turnover

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2.36

2.26

2.30

2.03

1.92

Nihon Nohyaku 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															0.33	0.57	0.36	0.28	0.30

Nihon Nohyaku Co Inventory Turnover Calculation

Nihon Nohyaku 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 )
=	71528	/ (	(32695	+	41872)	/	2 )
=	71528	/	37283.5
=	1.92

Nihon Nohyaku 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 )
=	15539	/ (	(51278	+	53285)	/	2 )
=	15539	/	52281.5
=	0.30

Nihon Nohyaku Co (TSE:4997) 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 Nohyaku 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
	=	52281.5	/	15539	*	365 / 4
	=	307.01

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.

Nihon Nohyaku 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 )
	=	52281.5	/	22620
	=	2.31

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 Nohyaku Co Inventory Turnover Related Terms

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Nihon Nohyaku Co (TSE:4997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nihon Nohyaku Co Ltd (TSE:4997) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

19-8, Kyobashi 1-Chome, Chuo-ku, Tokyo, JPN, 104-8386

Website

http://www.nichino.co.jp

Nihon Nohyaku Co Ltd is engaged in agrochemicals. The company's products are divided into four business divisions Agrochemicals, Agricultural materials, Pharmaceuticals and veterinary products, and Wood preservative. The agrochemicals manufacture and sells crop-protection chemicals, including fungicides, insecticides, herbicides, and miticides. The agricultural materials division sells home gardening and termite protection products, and Pharmaceuticals and veterinary the company branched off from its toxicological research on FUJI-ONE to develop and put on the market KANTEC. It is a product designed to improve liver protein metabolism.

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