Nichimo Co (TSE:8091) Inventory Turnover : 1.06 (As of Dec. 2023)

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What is Nichimo 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. Nichimo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円36,720 Mil. Nichimo Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円34,765 Mil. Nichimo Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nichimo Co's Days Inventory for the three months ended in Dec. 2023 was 86.39.

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. Nichimo Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.87.

Nichimo Co Inventory Turnover Historical Data

The historical data trend for Nichimo 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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Nichimo Co Inventory Turnover Chart

Nichimo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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4.99

4.90

4.97

4.53

4.17

Nichimo 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															1.09	0.80	0.88	0.74	1.06

Nichimo Co Inventory Turnover Calculation

Nichimo 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 )
=	115514	/ (	(26506	+	28947)	/	2 )
=	115514	/	27726.5
=	4.17

Nichimo 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 )
=	36720	/ (	(38359	+	31170)	/	2 )
=	36720	/	34764.5
=	1.06

Nichimo Co (TSE:8091) 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.

Nichimo 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
	=	34764.5	/	36720	*	365 / 4
	=	86.39

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.

Nichimo 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 )
	=	34764.5	/	40035
	=	0.87

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.

Nichimo Co Inventory Turnover Related Terms

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Nichimo Co (TSE:8091) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nichimo Co Ltd (TSE:8091) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

2-2-20 Higashi-Shinagawa, Tokyo, JPN, 140-0002

Website

http://www.nichimo.co.jp

Nichimo Co Ltd offers marine processed food products, including surimi, fillet, and fresh and frozen fish products; fishing nets, gears, ropes, twines, equipment for fishing and vessels, and feeds for aquaculture; cultivated fish products; food processing machines and supplies, nori processing machines, and tofu making machines; and fermented soybean and health food products. It also provides synthetic resins, packaging materials and supplies, and agricultural materials; logistics and distribution services in Japan.

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