Days Inventory is also known as Days Sales of Inventory (DSI). Niterra Co's Average Total Inventories for the
three
months ended in Mar. 2024 was 円190,668 Mil. Niterra Co's Cost of Goods Sold for the
three
months ended in Mar. 2024 was 円103,757 Mil.
Hence, Niterra Co's Days Inventory for the
three
months ended in Mar. 2024 was 167.68.
The historical rank and industry rank for Niterra Co's Days Inventory or its related term are showing as below:
TSE:5334'
s Days Inventory Range Over the Past 10 Years
Min: 118.7 Med: 140.03 Max: 182.53
Current: 182.53
During the past 13 years, Niterra Co's highest Days Inventory was 182.53. The lowest was 118.70. And the median was 140.03.
TSE:5334's Days Inventory is ranked worse than 89.01% of 1256
companies
in the Vehicles & Parts industry
Industry Median: 81.39
vs TSE:5334: 182.53
Niterra Co's Days Inventory
declined
from Mar. 2023 (173.65) to Mar. 2024 (167.68).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Niterra Co's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.54.
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.
Niterra Co's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 1.20.
Niterra Co Days Inventory Historical Data
The historical data trend for Niterra 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.
Competitive Comparison of Niterra Co's Days Inventory
For the Auto Parts subindustry, Niterra 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.
Niterra Co's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Niterra Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Niterra Co's Days Inventory falls into.
Niterra Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Niterra Co's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
Niterra Co (TSE:5334) 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.
Niterra Co's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
Niterra Co's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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
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.
Niterra Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Niterra Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Niterra Co Ltd is a producer of spark plugs for internal combustion engines in the automotive industry and various ceramic products and tools. Under its two brands NGK Spark Plugs and NTK Technical Ceramics, the company produces spark plugs, glow plugs, sensors, semiconductor packages, cutting tools, medical products, and fine ceramics. NGK's largest end markets are Asia including Japan, North America, and Europe. The company produces in Japan and Brazil, while subsidiaries across the globe assemble and sell parts in their respective regions. The automotive components division generates the lion's share of sales for NGK Spark Plug.
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