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Noritake Co (FRA:NO4) Total Inventories : €224.2 Mil (As of Sep. 2024)


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What is Noritake Co Total Inventories?

Noritake Co's total inventories for the quarter that ended in Sep. 2024 was €224.2 Mil. Noritake Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was €112.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Noritake Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was €1.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Noritake Co's Days Inventory for the three months ended in Sep. 2024 was 64.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Noritake Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.41.

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. Noritake Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.51.


Noritake Co Total Inventories Historical Data

The historical data trend for Noritake Co's Total Inventories 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.

* Premium members only.

Noritake Co Total Inventories Chart

Noritake Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 189.20 156.87 177.72 206.72 219.77

Noritake Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Inventories 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 208.92 211.91 219.77 - 224.22

Noritake Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Noritake Co  (FRA:NO4) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Noritake Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

Net-Net Working Capital Per Share (Q: Sep. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(103.787+0.75 * 185.25+0.5 * 224.22-292.554
-0-5.616)/28.8265
=1.97

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Noritake Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=112.11/158.198*365 / 4
=64.67

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Noritake Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2024 ) / Average Total Inventories (Q: Sep. 2024 )
=158.198 / 112.11
=1.41

4. 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.

Noritake Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=112.11 / 220.45
=0.51

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Noritake Co Total Inventories Related Terms

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Noritake Co Business Description

Traded in Other Exchanges
Address
3-1-36, Noritake-shinmachi, Nishi-ku, Nagoya-shi, Aichi, JPN, 451-8501
Noritake Co Ltd is engaged in manufacturing of grinding and polishing tools, electronic component materials and manufacturing equipment. The group has established four different business fields with the application and development of a variety of ceramics manufacturing technologies: Industrial Products, which supports industries with grinding wheels and diamond tools, Ceramics & Materials, which supplies ceramic raw materials to many kinds of manufacturers, Engineering which develops and proposes manufacturing equipment and technologies, and Tabletop, which offers tableware to create rich and luxurious dining.

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