Nitto Kohki Co (TSE:6151) Inventory Turnover : 0.36 (As of Dec. 2023)

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What is Nitto Kohki 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. Nitto Kohki Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,649 Mil. Nitto Kohki Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円10,101 Mil. Nitto Kohki Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nitto Kohki Co's Days Inventory for the three months ended in Dec. 2023 was 252.59.

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. Nitto Kohki Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.52.

Nitto Kohki Co Inventory Turnover Historical Data

The historical data trend for Nitto Kohki 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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Nitto Kohki Co Inventory Turnover Chart

Nitto Kohki Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.55

2.25

1.90

1.97

1.84

Nitto Kohki 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															0.47	0.42	0.40	0.37	0.36

Nitto Kohki Co Inventory Turnover Calculation

Nitto Kohki 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 )
=	15213	/ (	(7387	+	9151)	/	2 )
=	15213	/	8269
=	1.84

Nitto Kohki 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 )
=	3649	/ (	(9958	+	10244)	/	2 )
=	3649	/	10101
=	0.36

Nitto Kohki Co (TSE:6151) 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.

Nitto Kohki 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
	=	10101	/	3649	*	365 / 4
	=	252.59

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.

Nitto Kohki 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 )
	=	10101	/	6666
	=	1.52

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.

Nitto Kohki Co Inventory Turnover Related Terms

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Nitto Kohki Co (TSE:6151) Business Description

Industry

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Address

9-4, Nakaikegami 2-Chome, Ohta-ku, Tokyo, JPN, 146-8555

Website

http://www.nitto-kohki.co.jp

Nitto Kohki Co Ltd is a Japan-based company that operates in four segments. The couplings segment develops, manufactures, and sells quick-connecting fluid couplings under the Cupla brand. The machine tools segment manufactures machine tools for various functions including drilling, cutting, sanding, chamfering, and so on. The linear pumps segment manufactures and sells pump products that are incorporated into equipment in the housing, medical healthcare, hair, and various other fields. The door closers segment offers various door-closer products utilized in different kinds of doors. The company generates the majority of its sales from the Japanese domestic market, and the rest from overseas markets.

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