Nihon Denkei Co (TSE:9908) Inventory Turnover: 6.13 (As of Mar. 2026)

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TSE:9908 Nihon Denkei Co Ltd TSE:9908
82 GF Score
Price 円2,871.00
GF Value 円2,543.65
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nihon Denkei Co Inventory Turnover?

Nihon Denkei Co TSE:9908 +2.06% 82 Inventory Turnover is 6.13 as of Mar. 2026. GuruFocus rates TSE:9908 with a GF Score™ of 82/100 and a GF Value™ of 円2,543.65 (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. Nihon Denkei Co's Cost of Goods Sold for the three months ended in Mar. 2026 was 円40,026 Mil. Nihon Denkei Co's Average Total Inventories for the quarter that ended in Mar. 2026 was 円6,526 Mil. Nihon Denkei Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 6.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nihon Denkei Co's Days Inventory for the three months ended in Mar. 2026 was 14.88.

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 Denkei Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.14.

Nihon Denkei Co  (TSE:9908) 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 Denkei Co's Days Inventory for the three 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
=6526.495/40025.85*365 / 4
=14.88

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 Denkei Co'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 )
=6526.495 / 46368.787
=0.14

* 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.

Nihon Denkei Co Inventory Turnover Related Terms

Nihon Denkei Co Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Nihon Denkei 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.

Nihon Denkei Co Inventory Turnover Chart

Nihon Denkei Co 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 26.69 20.29 18.09 18.53 21.76

Nihon Denkei Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.41 3.62 3.98 6.13 4.32
TSE:9908
82GF Score
Nihon Denkei Co Ltd TSE:9908
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Nihon Denkei Co Inventory Turnover Calculation

Nihon Denkei Co'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 )
=114679.062 / ((5653.138 + 4889.039) / 2 )
=114679.062 / 5271.0885
=21.76

Nihon Denkei Co'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: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=40025.85 / ((8163.951 + 4889.039) / 2 )
=40025.85 / 6526.495
=6.13

* 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 6.13 mean?
Nihon Denkei Co (TSE:9908) has a Inventory Turnover of 6.13 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nihon Denkei Co and its competitors.
Is Nihon Denkei Co's Inventory Turnover too high?
Nihon Denkei Co's current Inventory Turnover is 6.13. Overall, Nihon Denkei Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Denkei Co's Inventory Turnover compare to URI and SUNB?
Nihon Denkei Co's Inventory Turnover of 6.13 can be compared against companies in the Business Services 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 Business Services company?
A good Inventory Turnover depends on the Business Services 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 Nihon Denkei Co and its competitors. Nihon Denkei Co's current Inventory Turnover is 6.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Denkei Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Denkei Co (TSE:9908) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,543.65, compared to a current price of 円2,871.00 — trading 12.9% above its estimated fair value. The current Inventory Turnover is 6.13. Nihon Denkei Co's overall GF Score™ is 82/100 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 Nihon Denkei Co (TSE:9908), the current Inventory Turnover is 6.13 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 Nihon Denkei Co (TSE:9908) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Denkei Co stock appears to be overvalued. The current stock price of 円2,871.00 is trading 12.9% above its estimated GF Value™ of 円2,543.65. GuruFocus considers Nihon Denkei Co to be Modestly Overvalued.

Key valuation signals for TSE:9908:

  • Inventory Turnover: 6.13
  • GF Value™: 円2,543.65 vs. price of 円2,871.00 (12.9% above fair value)
  • GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the TSE:9908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nihon Denkei Co Business Description

Address ND Building 5-14-12 ueno, Taito-ku, Tokyo, JPN, 110-0005
Nihon Denkei Co Ltd is engaged in the leasing and rental business of electronic measuring instruments, system equipment, electronic parts, and others. Its three reportable segments being Japan, China, and Other, including Southeast Asia. It derives maximum revenue from Japan.
82GF Score

Get the complete analysis for TSE:9908

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

円2,871.00
Price
円2,543.65
GF Value