Nissan Chemical (TSE:4021) Days Inventory : 273.44 (As of Dec. 2023)

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What is Nissan Chemical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nissan Chemical's Average Total Inventories for the three months ended in Dec. 2023 was 円79,335 Mil. Nissan Chemical's Cost of Goods Sold for the three months ended in Dec. 2023 was 円26,475 Mil. Hence, Nissan Chemical's Days Inventory for the three months ended in Dec. 2023 was 273.44.

The historical rank and industry rank for Nissan Chemical's Days Inventory or its related term are showing as below:

TSE:4021' s Days Inventory Range Over the Past 10 Years
Min: 112.66 Med: 128.14 Max: 220.14
Current: 220.14

During the past 13 years, Nissan Chemical's highest Days Inventory was 220.14. The lowest was 112.66. And the median was 128.14.

TSE:4021's Days Inventory is ranked worse than
90.48% of 1491 companies
in the Chemicals industry
Industry Median: 83.31 vs TSE:4021: 220.14

Nissan Chemical's Days Inventory increased from Dec. 2022 (227.34) to Dec. 2023 (273.44). It might indicate that Nissan Chemical's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nissan Chemical's Inventory Turnover for the three months ended in Dec. 2023 was 0.33.

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. Nissan Chemical's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.60.

Nissan Chemical Days Inventory Historical Data

The historical data trend for Nissan Chemical'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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Nissan Chemical Days Inventory Chart

Nissan Chemical Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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121.40

128.06

136.11

168.74

175.85

Nissan Chemical 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															227.34	152.01	233.49	241.24	273.44

Competitive Comparison of Nissan Chemical's Days Inventory

For the Chemicals subindustry, Nissan Chemical'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.

Nissan Chemical's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Nissan Chemical's Days Inventory falls into.

Nissan Chemical Days Inventory Calculation

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

Nissan Chemical'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
=	( (52175	+	64671)	/	2 )	/	121262	*	365
=	58423					/	121262	*	365
=	175.85

Nissan Chemical'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
=	( (73788	+	84881)	/	2 )	/	26475	*	365 / 4
=	79334.5					/	26475	*	365 / 4
=	273.44

Nissan Chemical (TSE:4021) 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.

Nissan Chemical's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	26475	/	79334.5
	=	0.33

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	79334.5	/	49659
	=	1.60

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.

Nissan Chemical Days Inventory Related Terms

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

Nissan Chemical (TSE:4021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nissan Chemical Corp (TSE:4021) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NNCHY:USA NSC:Germany

Address

7-1 Kanda Nishiki-Cho 3-chome, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

http://www.nissanchem.co.jp

Nissan Chemical Industries Ltd manufactures and sells chemicals, semiconductors, and pharmaceutical products. The firm organizes itself into six segments based on product type. The Performance Materials segment, which generates the most revenue of any segment, sells resins for liquid-crystal display screens and semiconductors. The Agrochemicals segment sells herbicides, insecticides, and fungicides to the agriculture industry. The Chemicals segment sells melamine, ammonia, and fine chemical products. The Pharmaceuticals segment sells anti-cholesterol agents under the Livalo brand. The other two segments are Trading and Other. The majority of revenue comes from Japan.

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