Nissha Co (TSE:7915) Inventory Turnover : 1.15 (As of Mar. 2024)

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What is Nissha Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Nissha Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円36,563 Mil. Nissha Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円31,710 Mil. Nissha Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nissha Co's Days Inventory for the three months ended in Mar. 2024 was 79.14.

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. Nissha Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.68.

Nissha Co Inventory Turnover Historical Data

The historical data trend for Nissha Co's Inventory Turnover 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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Nissha Co Inventory Turnover Chart

Nissha Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.80

6.11

5.52

5.07

4.22

Nissha Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.06	0.94	0.96	1.05	1.15

Nissha Co Inventory Turnover Calculation

Nissha Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	135104	/ (	(32739	+	31260)	/	2 )
=	135104	/	31999.5
=	4.22

Nissha Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	36563	/ (	(31260	+	32160)	/	2 )
=	36563	/	31710
=	1.15

Nissha Co (TSE:7915) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Nissha Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	31710	/	36563	*	365 / 4
	=	79.14

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.

Nissha Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	31710	/	46719
	=	0.68

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Nissha Co Inventory Turnover Related Terms

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Nissha Co (TSE:7915) Business Description

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Traded in Other Exchanges

6X8:Germany

Address

3 Hanaicho, Gamo, Nakagyo-ku, Kyoto, JPN, 604-8551

Website

http://www.nissha.com

Nissha Co Ltd is developing industrial materials, devices, life innovation and information and communication business areas. The company develops and promotes its products under the Nisha brand. The firm's products include metalized paper, 3d eye sublimation, material library, gas sensors, force sensors, general printing and fabric printing. Its customers include IT devices, automobiles, medical devices and health care, consumer electronics, packaging materials and communication design.

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