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Nippon Express Holdings (TSE:9147) Inventory Turnover : 49.61 (As of Mar. 2024)


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What is Nippon Express Holdings 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. Nippon Express Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was 円564,328 Mil. Nippon Express Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was 円11,375 Mil. Nippon Express Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 49.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nippon Express Holdings's Days Inventory for the three months ended in Mar. 2024 was 1.84.

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. Nippon Express Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Nippon Express Holdings Inventory Turnover Historical Data

The historical data trend for Nippon Express Holdings'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.

* Premium members only.

Nippon Express Holdings Inventory Turnover Chart

Nippon Express Holdings Annual Data
Trend Dec22 Dec23
Inventory Turnover
152.32 154.37

Nippon Express Holdings Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 36.92 40.62 42.88 45.78 49.61

Nippon Express Holdings Inventory Turnover Calculation

Nippon Express Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=2011472 / ((15381 + 10680) / 2 )
=2011472 / 13030.5
=154.37

Nippon Express Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover (Q: Mar. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=564328 / ((10680 + 12070) / 2 )
=564328 / 11375
=49.61

* 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.

Nippon Express Holdings  (TSE:9147) 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.

Nippon Express Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=11375/564328*365 / 4
=1.84

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.

Nippon Express Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=11375 / 617601
=0.02

* 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.

Nippon Express Holdings Inventory Turnover Related Terms

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Nippon Express Holdings (TSE:9147) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nippon Express Holdings Inc (TSE:9147) » Definitions » Inventory Turnover
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Traded in Other Exchanges
NPEHF:USA
Address
2 Kanda Izumicho, Chiyoda-ku, Tokyo, JPN, 101-0024
Website
Nippon Express Holdings Inc is engaged in the management and related operations for corporate group companies such as truck transportation business.

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