Nitto Kogyo (TSE:6651) Total Inventories : 円23,470 Mil (As of Dec. 2023)

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What is Nitto Kogyo Total Inventories?

Nitto Kogyo's total inventories for the quarter that ended in Dec. 2023 was 円23,470 Mil. Nitto Kogyo's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was 円23,332 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nitto Kogyo's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円417.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nitto Kogyo's Days Inventory for the three months ended in Dec. 2023 was 67.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nitto Kogyo's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.35.

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. Nitto Kogyo's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.53.

Nitto Kogyo Total Inventories Historical Data

The historical data trend for Nitto Kogyo's Total Inventories 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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Nitto Kogyo Total Inventories Chart

Nitto Kogyo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

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12,350.00

12,568.00

15,832.00

21,026.00

22,223.00

Nitto Kogyo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															21,026.00	22,872.00	23,193.00	23,470.00	22,223.00

Nitto Kogyo Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Nitto Kogyo (TSE:6651) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Nitto Kogyo's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(23638	+	0.75 * 37015	+	0.5 * 23470	-	47097
-	0	-	207)	/	37.9306
=	417.35

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

Nitto Kogyo'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
	=	23331.5	/	31536	*	365 / 4
	=	67.51

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Nitto Kogyo's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	31536	/	23331.5
	=	1.35

4. 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.

Nitto Kogyo'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 )
	=	23331.5	/	43744
	=	0.53

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Nitto Kogyo Total Inventories Related Terms

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Nitto Kogyo (TSE:6651) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nitto Kogyo Corp (TSE:6651) » Definitions » Total Inventories

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6651:Japan

Address

2201, Kanihara, Nagakute-cho, Aichi County, Tokyo, JPN, 480-1189

Website

https://www.nito.co.jp

Nitto Kogyo Corp is a Japan-based company which provides a wide range of product materials, such as electric circuit panelboard powered high-pressure equipment, such as information and communications-related materials. It is engaged in manufacture and sales of electric and mechanical equipment such as high-voltage power-receiving equipment, panel boards, home panel boards, charging stations, optical junction boxes, metal enclosures, plastic enclosures, racks, breakers, switches, thermal management products, and so on. The company is also in Power Generation and sales business.

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