Nissan 2016 2015

COGS (4,683,573) (4,780,369)

Inventory 1,749,708 1,645,195
Days Sales Turnover (136.36) (125.62)
Inventory Turnover (2.68) (2.91)

Mazda
COGS -1,677,810 -1,401,080
Inventory 312,275 218,449
Days Sales Turnover (67.93) (56.91)
Inventory Turnover (5.37) (6.41)

2016 2017
NP 198 178
Share Outstanding 1,154 1,154
0.16 0.15
PE
20 3.20 3.09
19 3.04 2.93
18 2.88 2.78
17 2.72 2.62
16 2.56 2.47
15 2.40 2.32
14 2.24 2.16
13 2.08 2.01
12 1.92 1.85
11 1.76 1.70
10 1.60 1.54
9 1.44 1.39
8 1.28 1.24
7 1.12 1.08
6 0.96 0.93
5 0.80 0.77
4 0.64 0.62
3 0.48 0.46
2.15
Margin of Safety
20 33% 30%
19 29% 27%
18 25% 23%
17 21% 18%
16 16% 13%
15 10% 7%
14 4% 1%
13 -3% -7%
12 -12% -16%
11 -22% -27%
10 -34% -39%
9 -49% -55%
8 -68% -74%
7 -92% -99%
6 -124% -132%
5 -169% -178%
4 -236% -248%
3 -348% -364%
 2014 2013 2012
(3,878,682) (4,070,433) (3,305,776)
1,513,641 1,725,687 1,412,431
(142.44) (154.74) (155.95)
(2.56) (2.36) (2.34)

-1,184,649 -925,299
288,057 193,780
(88.75) (76.44)
(4.11) (4.77)
1,000,000
2018 2019
160 144
1,154 1,154
0.14 0.13 PE

2.78 2.50
2.64 2.38
2.50 2.25
2.36 2.13
2.22 2.00
2.08 1.88
1.95 1.75
1.81 1.63
1.67 1.50
1.53 1.38
1.39 1.25
1.25 1.13
1.11 1.00
0.97 0.88
0.83 0.75
0.69 0.63
0.56 0.50
0.42 0.38

Returns
23% 14%
19% 10%
14% 4%
9% -1%
3% -7%
-3% -15%
-11% -23%
-19% -32%
-29% -43%
-41% -56%
 -55% -72%
-72% -91%
-93% -115%
-121% -146%
-158% -187%
-209% -244%
-287% -330%
-416% -473%
 Days
365

10%
2016 2017 2018 2019
198,000,000 178,200,000 ### ###
1,154,080,000 1,154,080,000 ### ###
0.1715652294 0.1544087065 0.138968 0.125071

0.16

0.49 0.44 0.29 0.16 (1.00)

0.41 0.36 0.23
0.34 0.29 0.16
0.27 0.22 0.10
0.19 0.15 0.03
0.12 0.08 (0.03)
0.04 0.01 (0.10)
(0.03) (0.07) (0.16)
(0.11) (0.14) (0.22)
(0.18) (0.21) (0.29)
(0.26) (0.28) (0.35)
(0.33) (0.35) (0.42)
(0.40) (0.43) (0.48)
(0.48) (0.50) (0.55)
(0.55) (0.57) (0.61)
(0.63) (0.64) (0.68)
(0.70) (0.71) (0.74)
(0.78) (0.78) (0.81)