Nitori Holdings Co (TSE:9843) Inventory Turnover : 1.09 (As of Dec. 2023)

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What is Nitori Holdings 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. Nitori Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円119,227 Mil. Nitori Holdings Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円109,352 Mil. Nitori Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.09.

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 three months ended in Dec. 2023 was 83.69.

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 quarter that ended in Dec. 2023 was 0.44.

Nitori Holdings Co Inventory Turnover Historical Data

The historical data trend for Nitori Holdings 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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Nitori Holdings Co Inventory Turnover Chart

Nitori Holdings Co Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Inventory Turnover

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5.06

4.79

4.48

4.17

4.63

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
Inventory Turnover	Get a 7-Day Free Trial															1.08	0.99	0.97	0.89	1.09

Nitori Holdings Co Inventory Turnover Calculation

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

	Inventory Turnover (A: Feb. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2022 )	/ (	(Total Inventories (A: Feb. 2021 )	+	Total Inventories (A: Feb. 2022 ))	/	count )
=	385684	/ (	(80736	+	85938)	/	2 )
=	385684	/	83337
=	4.63

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	119227	/ (	(112055	+	106648)	/	2 )
=	119227	/	109351.5
=	1.09

Nitori Holdings Co (TSE:9843) 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.

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

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	109351.5	/	119227	*	365 / 4
	=	83.69

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	109351.5	/	246932
	=	0.44

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.

Nitori Holdings Co Inventory Turnover Related Terms

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Nitori Holdings Co (TSE:9843) Business Description

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

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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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