Nittan (TSE:6493) Inventory Turnover: 2.10 (As of Mar. 2026)

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TSE:6493 Nittan Corp TSE:6493
72 GF Score
Price 円442.00
GF Value 円377.39
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Nittan Inventory Turnover?

Nittan TSE:6493 -2.64% 72 Inventory Turnover is 2.10 as of Mar. 2026. GuruFocus rates TSE:6493 with a GF Score™ of 72/100 and a GF Value™ of 円377.39 (Modestly Overvalued). The stock has 2 warning signs investors should review.

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. Nittan's Cost of Goods Sold for the six months ended in Mar. 2026 was 円22,319 Mil. Nittan's Average Total Inventories for the quarter that ended in Mar. 2026 was 円10,618 Mil. Nittan's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nittan's Days Inventory for the six months ended in Mar. 2026 was 86.82.

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. Nittan's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.39.

Nittan  (TSE:6493) 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.

Nittan's Days Inventory for the six months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=10617.848/22318.913*365 / 2
=86.82

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.

Nittan's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=10617.848 / 27236.32
=0.39

* 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.

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.

Nittan Inventory Turnover Related Terms

Nittan Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Nittan'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.

Nittan Inventory Turnover Chart

Nittan Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.55 4.49 4.68 4.34 3.85

Nittan Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.25 2.26 2.02 1.90 2.10
TSE:6493
72GF Score
Nittan Corp TSE:6493
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Nittan Inventory Turnover Calculation

Nittan's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=42536.288 / ((11091.91 + 11028.07) / 2 )
=42536.288 / 11059.99
=3.85

Nittan's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=22318.913 / ((10207.626 + 11028.07) / 2 )
=22318.913 / 10617.848
=2.10

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.10 mean?
Nittan (TSE:6493) has a Inventory Turnover of 2.10 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nittan and its competitors.
Is Nittan's Inventory Turnover too high?
Nittan's current Inventory Turnover is 2.10. Overall, Nittan has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nittan's Inventory Turnover compare to ORLY and AZO?
Nittan's Inventory Turnover of 2.10 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nittan and its competitors. Nittan's current Inventory Turnover is 2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nittan stock overvalued right now?
Based on GuruFocus' analysis, Nittan (TSE:6493) is currently considered Modestly Overvalued. The stock's GF Value™ is 円377.39, compared to a current price of 円442.00 — trading 17.1% above its estimated fair value. The current Inventory Turnover is 2.10. Nittan's overall GF Score™ is 72/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Nittan (TSE:6493), the current Inventory Turnover is 2.10 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nittan (TSE:6493) Overvalued in 2026?

Based on GuruFocus' analysis, Nittan stock appears to be overvalued. The current stock price of 円442.00 is trading 17.1% above its estimated GF Value™ of 円377.39. GuruFocus considers Nittan to be Modestly Overvalued.

Key valuation signals for TSE:6493:

  • Inventory Turnover: 2.10
  • GF Value™: 円377.39 vs. price of 円442.00 (17.1% above fair value)
  • GF Score™: 72/100 with 2 warning signs

No single metric tells the full story. See the TSE:6493 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nittan Business Description

Address 518 Soya, Hadano-shi, Kanagawa, JPN, 257-0031
Nittan Corp operates in the auto parts industry. The company is mainly engaged in the manufacturing and distribution of engine valves, automobile parts, spinning machine parts, and other general machine parts and equipment. In addition, the company is involved in the produce, process, and sales of agricultural crops. The company has an operational presence across Asia, North America, and Europe.
72GF Score

Get the complete analysis for TSE:6493

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円442.00
Price
円377.39
GF Value