Days Inventory is also known as Days Sales of Inventory (DSI). SMC's Average Total Inventories for the
three
months ended in Dec. 2023 was $3,435 Mil. SMC's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $673 Mil.
Hence, SMC's Days Inventory for the
three
months ended in Dec. 2023 was 466.07.
The historical rank and industry rank for SMC's Days Inventory or its related term are showing as below:
SMECF'
s Days Inventory Range Over the Past 10 Years
Min: 245.25 Med: 295.71 Max: 416.11
Current: 416.11
During the past 13 years, SMC's highest Days Inventory was 416.11. The lowest was 245.25. And the median was 295.71.
SMECF's Days Inventory is ranked worse than 95.01% of 2907
companies
in the Industrial Products industry
Industry Median: 119.76
vs SMECF: 416.11
SMC's Days Inventory
increased
from Dec. 2022 (340.81) to Dec. 2023 (466.07).
It might indicate that SMC's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
SMC's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.20.
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.
SMC's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 2.62.
SMC Days Inventory Historical Data
The historical data trend for SMC'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.
For the Specialty Industrial Machinery subindustry, SMC'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.
SMC's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, SMC's Days Inventory distribution charts can be found below:
* The bar in red indicates where SMC's Days Inventory falls into.
SMC Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
SMC's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
SMC (OTCPK:SMECF) 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.
SMC's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
SMC's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
SMC Days Inventory Related Terms
Thank you for viewing the detailed overview of SMC's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
SMC Corp (domiciled in Japan) manufactures automatic control and filtration equipment. Its filters, valves, cylinders, and actuators are sold to customers in various industrial markets, and contribute to automated operations. The company has two reportable business segments: automatic control equipment (majority of total revenues), and others. SMC operates several production facilities, sales offices, and technical development centers to construct various components and streamline the process. Asia accounts for majority of total sales, but the company does utilize offices in the United States, Europe, and other regions of the world. It works to meet the rules and needs of foreign countries to ensure its products can be accepted in differentiated markets.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SMECF has been successfully added to your 