Nishi-Nippon Railroad Co (TSE:9031) Inventory Turnover : 12.58 (As of Dec. 2023)

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What is Nishi-Nippon Railroad 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. Nishi-Nippon Railroad Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円91,237 Mil. Nishi-Nippon Railroad Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円7,253 Mil. Nishi-Nippon Railroad Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 12.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nishi-Nippon Railroad Co's Days Inventory for the three months ended in Dec. 2023 was 7.25.

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. Nishi-Nippon Railroad Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Nishi-Nippon Railroad Co Inventory Turnover Historical Data

The historical data trend for Nishi-Nippon Railroad 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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Nishi-Nippon Railroad Co Inventory Turnover Chart

Nishi-Nippon Railroad Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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45.72

44.12

59.05

70.15

55.40

Nishi-Nippon Railroad Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															14.71	12.67	12.71	12.58	13.14

Nishi-Nippon Railroad Co Inventory Turnover Calculation

Nishi-Nippon Railroad Co's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	355558	/ (	(6384	+	6453)	/	2 )
=	355558	/	6418.5
=	55.40

Nishi-Nippon Railroad 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 )
=	91237	/ (	(6892	+	7614)	/	2 )
=	91237	/	7253
=	12.58

Nishi-Nippon Railroad Co (TSE:9031) 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.

Nishi-Nippon Railroad 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
	=	7253	/	91237	*	365 / 4
	=	7.25

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.

Nishi-Nippon Railroad 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 )
	=	7253	/	106593
	=	0.07

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.

Nishi-Nippon Railroad Co Inventory Turnover Related Terms

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Nishi-Nippon Railroad Co (TSE:9031) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nishi-Nippon Railroad Co Ltd (TSE:9031) » Definitions » Inventory Turnover

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9031:Japan

Address

3-5-7 Hakataekimae, Hakata Ward, Fukuoka, JPN, 810-8570

Website

http://www.nishitetsu.co.jp

Nishi-Nippon Railroad Co Ltd organises itself into six segments: transportation, real estate, distribution, logistics, leisure, and other. The transportation segment transports passengers by rail, bus, and taxi. The real estate business develops, sells, and leases commercial and residential buildings. The distribution segment operates supermarkets. The logistics segment operates an international air-cargo-handling business. The leisure segment operates hotels and other leisure businesses. The company derives the majority of its revenue domestically.

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