NIKKON Holdings Co (TSE:9072) Days Inventory : 1.24 (As of Dec. 2023)

View and export this data going back to 1970. Start your Free Trial

What is NIKKON Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NIKKON Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was 円675 Mil. NIKKON Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円49,673 Mil. Hence, NIKKON Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 1.24.

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

TSE:9072' s Days Inventory Range Over the Past 10 Years
Min: 0.78 Med: 0.99 Max: 1.25
Current: 1.25

During the past 13 years, NIKKON Holdings Co's highest Days Inventory was 1.25. The lowest was 0.78. And the median was 0.99.

TSE:9072's Days Inventory is ranked better than
89.49% of 780 companies
in the Transportation industry
Industry Median: 11.4 vs TSE:9072: 1.25

NIKKON Holdings Co's Days Inventory increased from Dec. 2022 (1.13) to Dec. 2023 (1.24). It might indicate that NIKKON Holdings Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. NIKKON Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 73.64.

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. NIKKON Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.

NIKKON Holdings Co Days Inventory Historical Data

The historical data trend for NIKKON 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.

NIKKON Holdings Co Days Inventory Chart

NIKKON Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

Get a 7-Day Free Trial

0.96

1.02

1.10

1.13

NIKKON Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															1.16	1.28	1.32	1.24	1.26

Competitive Comparison of NIKKON Holdings Co's Days Inventory

For the Integrated Freight & Logistics subindustry, NIKKON 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.

NIKKON Holdings Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, NIKKON Holdings Co's Days Inventory distribution charts can be found below:

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

NIKKON Holdings Co Days Inventory Calculation

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

NIKKON Holdings Co's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (562	+	614)	/	2 )	/	189548	*	365
=	588					/	189548	*	365
=	1.13

NIKKON 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
=	( (641	+	708)	/	2 )	/	49673	*	365 / 4
=	674.5					/	49673	*	365 / 4
=	1.24

NIKKON Holdings Co (TSE:9072) 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.

NIKKON 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
	=	49673	/	674.5
	=	73.64

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	674.5	/	58224
	=	0.01

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.

NIKKON Holdings Co Days Inventory Related Terms

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

NIKKON Holdings Co (TSE:9072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » NIKKON Holdings Co Ltd (TSE:9072) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-17 Akashi-cho, Chuo-ku, Tokyo, JPN

Website

http://www.nikkon-hd.co.jp

NIKKON Holdings Co Ltd is a logistics company, domiciled in Japan. The company organizes itself into five segments: shipping, warehousing, packaging, test, and others. The shipping segment, which provides the largest portion of revenue, transports heavy equipment by road, including vehicles, vehicle parts, and machinery. Packaging, the next- largest segment, processes, and packs cargo. The warehousing segment provides storage for cargo. The test segment provides vehicle and machinery testing services. The other segment repairs vehicles leases real estate and sells insurance. The company earns the majority of its revenue in Japan and a small proportion of revenue from North America and Asia.

NIKKON Holdings Co (TSE:9072) Headlines

No Headlines