NIKKON Holdings Co (TSE:9072) Inventory Turnover : 73.64 (As of Dec. 2023)

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What is NIKKON Holdings 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. NIKKON Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円49,673 Mil. NIKKON Holdings Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円675 Mil. NIKKON Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 73.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NIKKON Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 1.24.

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. NIKKON Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

NIKKON Holdings Co Inventory Turnover Historical Data

The historical data trend for NIKKON Holdings 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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NIKKON Holdings Co Inventory Turnover Chart

NIKKON Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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379.31

359.13

359.24

332.11

322.36

NIKKON Holdings 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															78.40	71.41	69.22	73.64	72.16

NIKKON Holdings Co Inventory Turnover Calculation

NIKKON Holdings 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 )
=	189548	/ (	(562	+	614)	/	2 )
=	189548	/	588
=	322.36

NIKKON Holdings 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 )
=	49673	/ (	(641	+	708)	/	2 )
=	49673	/	674.5
=	73.64

NIKKON Holdings Co (TSE:9072) 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.

NIKKON Holdings 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
	=	674.5	/	49673	*	365 / 4
	=	1.24

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.

NIKKON Holdings 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 )
	=	674.5	/	58224
	=	0.01

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.

NIKKON Holdings Co Inventory Turnover Related Terms

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NIKKON Holdings Co (TSE:9072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » NIKKON Holdings Co Ltd (TSE:9072) » Definitions » Inventory Turnover

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Traded in Other Exchanges

1CM:Germany

Address

6-17 Akashi-cho, Chuo-ku, Tokyo, JPN

Website

http://www.nikkon-hd.co.jp

NIKKON Holdings Co Ltd is a logistics company, domiciled in Japan. The company organizes itself into five segments: shipping, warehousing, packaging, test, and others. The shipping segment, which provides the largest portion of revenue, transports heavy equipment by road, including vehicles, vehicle parts, and machinery. Packaging, the next- largest segment, processes, and packs cargo. The warehousing segment provides storage for cargo. The test segment provides vehicle and machinery testing services. The other segment repairs vehicles leases real estate and sells insurance. The company earns the majority of its revenue in Japan and a small proportion of revenue from North America and Asia.

NIKKON Holdings Co (TSE:9072) Headlines

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