Nitori Holdings Co (TSE:9843) Days Inventory : 83.69 (As of Dec. 2023)

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What is Nitori Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nitori Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was 円109,352 Mil. Nitori Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円119,227 Mil. Hence, Nitori Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 83.69.

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

TSE:9843' s Days Inventory Range Over the Past 10 Years
Min: 65.73 Med: 75.52 Max: 122.29
Current: 122.29

During the past 13 years, Nitori Holdings Co's highest Days Inventory was 122.29. The lowest was 65.73. And the median was 75.52.

TSE:9843's Days Inventory is ranked worse than
61.33% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 105.195 vs TSE:9843: 122.29

Nitori Holdings Co's Days Inventory declined from Aug. 2022 (84.77) to Dec. 2023 (83.69).

Inventory Turnover measures how fast the company turns over its inventory within a year. Nitori Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.09.

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. Nitori Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.44.

Nitori Holdings Co Days Inventory Historical Data

The historical data trend for Nitori Holdings 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.

* Premium members only.

Nitori Holdings Co Days Inventory Chart

Nitori Holdings Co Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Days Inventory

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72.14

76.27

81.40

87.48

78.87

Nitori Holdings Co Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															84.77	92.30	94.22	102.49	83.69

Competitive Comparison of Nitori Holdings Co's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Nitori Holdings 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.

Nitori Holdings Co's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nitori Holdings Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nitori Holdings Co's Days Inventory falls into.

Nitori Holdings Co Days Inventory Calculation

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

Nitori Holdings Co's Days Inventory for the fiscal year that ended in Feb. 2022 is calculated as

	Days Inventory (A: Feb. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2021 )	+	Total Inventories (A: Feb. 2022 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2022 )	*	Days in Period
=	( (80736	+	85938)	/	2 )	/	385684	*	365
=	83337					/	385684	*	365
=	78.87

Nitori Holdings 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
=	( (112055	+	106648)	/	2 )	/	119227	*	365 / 4
=	109351.5					/	119227	*	365 / 4
=	83.69

Nitori Holdings Co (TSE:9843) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	119227	/	109351.5
	=	1.09

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	109351.5	/	246932
	=	0.44

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.

Nitori Holdings Co Days Inventory Related Terms

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

Nitori Holdings Co (TSE:9843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nitori Holdings Co Ltd (TSE:9843) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NCLTY:USA NCLTF:USA

Address

6-20, Kamiya 3-chome, Kita-ku, Tokyo, JPN, 115-0043

Website

http://www.nitorihd.co.jp

Nitori Holdings Co Ltd is a Japanese holding company engaged in the sale of furniture and interior goods. It primarily operates home furnishing and fashion stores, along with other ventures such as the Nitori Mall and Corporate Enterprise, which focuses on corporate customers. It conducts these operations and more through its subsidiaries. The firm's products include bedding, curtains, cookware, tableware, tables, desks, and sofas. Nitori's operations are divided among manufacturing, trading company and logistics (which deals with imports and distribution centers), sales, and advertisement and publicity. Aside from its presence across Japan, the company operates in California, China, Huizhou, Indonesia, Shanghai, and Vietnam.

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