Nippon Kayaku Co (TSE:4272) Days Inventory : 184.24 (As of Dec. 2023)

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What is Nippon Kayaku Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nippon Kayaku Co's Average Total Inventories for the three months ended in Dec. 2023 was 円70,993 Mil. Nippon Kayaku Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円35,162 Mil. Hence, Nippon Kayaku Co's Days Inventory for the three months ended in Dec. 2023 was 184.24.

The historical rank and industry rank for Nippon Kayaku Co's Days Inventory or its related term are showing as below:

TSE:4272' s Days Inventory Range Over the Past 10 Years
Min: 114.77 Med: 152.14 Max: 192.25
Current: 192.25

During the past 13 years, Nippon Kayaku Co's highest Days Inventory was 192.25. The lowest was 114.77. And the median was 152.14.

TSE:4272's Days Inventory is ranked worse than
87.73% of 1492 companies
in the Chemicals industry
Industry Median: 83.1 vs TSE:4272: 192.25

Nippon Kayaku Co's Days Inventory declined from Dec. 2022 (185.46) to Dec. 2023 (184.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. Nippon Kayaku Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.50.

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 Kayaku Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.37.

Nippon Kayaku Co Days Inventory Historical Data

The historical data trend for Nippon Kayaku Co's Days Inventory 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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Nippon Kayaku Co Days Inventory Chart

Nippon Kayaku Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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159.95

151.64

144.74

152.63

176.00

Nippon Kayaku Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															185.46	209.39	190.84	186.63	184.24

Competitive Comparison of Nippon Kayaku Co's Days Inventory

For the Chemicals subindustry, Nippon Kayaku Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nippon Kayaku Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Kayaku Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nippon Kayaku Co's Days Inventory falls into.

Nippon Kayaku Co Days Inventory Calculation

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

Nippon Kayaku Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (55834	+	71106)	/	2 )	/	131628	*	365
=	63470					/	131628	*	365
=	176.00

Nippon Kayaku Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (70658	+	71328)	/	2 )	/	35162	*	365 / 4
=	70993					/	35162	*	365 / 4
=	184.24

Nippon Kayaku Co (TSE:4272) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Nippon Kayaku Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	35162	/	70993
	=	0.50

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 Kayaku Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	70993	/	51845
	=	1.37

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Nippon Kayaku Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Nippon Kayaku Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Nippon Kayaku Co (TSE:4272) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Kayaku Co Ltd (TSE:4272) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NP7:Germany

Address

1-1, Marunouchi 2-chome, Chiyoda-ku, Meiji Yasuda Seimei Building 19th and 20th Floors, Tokyo, JPN, 100-0005

Website

http://www.nipponkayaku.co.jp

Nippon Kayaku Co Ltd manufactures and sells a variety of chemicals. The firm organizes itself into four segments based on product type. The functional chemicals segment, which generates more revenue than any other segment, sells epoxy resins used as flame retardants in electronics, colorants and dyes used in inkjet printers and the manufacture of textiles. The pharmaceuticals segment sells anti-cancer drugs, biological drugs, cardiovascular agents, vitamin compounds, and anti-inflammatory agents. The safety systems segment sells airbag inflators and micro gas generators for seatbelt pretensioners to the automotive industry, both of which are used to protect passengers during an accident. The agrochemicals segment sells insecticides and herbicides. The majority of revenue comes from Asia.

Nippon Kayaku Co (TSE:4272) Headlines

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