Daiwa Co (TSE:8247) Days Inventory : 80.79 (As of Nov. 2023)

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What is Daiwa Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Daiwa Co's Average Total Inventories for the three months ended in Nov. 2023 was 円1,548 Mil. Daiwa Co's Cost of Goods Sold for the three months ended in Nov. 2023 was 円1,748 Mil. Hence, Daiwa Co's Days Inventory for the three months ended in Nov. 2023 was 80.79.

The historical rank and industry rank for Daiwa Co's Days Inventory or its related term are showing as below:

TSE:8247' s Days Inventory Range Over the Past 10 Years
Min: 18.18 Med: 22.3 Max: 70.64
Current: 70.64

During the past 13 years, Daiwa Co's highest Days Inventory was 70.64. The lowest was 18.18. And the median was 22.30.

TSE:8247's Days Inventory is ranked better than
67.88% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.545 vs TSE:8247: 70.64

Daiwa Co's Days Inventory declined from Nov. 2022 (84.40) to Nov. 2023 (80.79).

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. Daiwa Co's Inventory Turnover for the three months ended in Nov. 2023 was 1.13.

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. Daiwa Co's Inventory-to-Revenue for the three months ended in Nov. 2023 was 0.40.

Daiwa Co Days Inventory Historical Data

The historical data trend for Daiwa Co'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.

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Daiwa Co Days Inventory Chart

Daiwa Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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20.07

18.33

20.74

18.18

69.04

Daiwa Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Inventory	Get a 7-Day Free Trial															84.40	61.77	68.94	68.33	80.79

Competitive Comparison of Daiwa Co's Days Inventory

For the Department Stores subindustry, Daiwa Co'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.

Daiwa Co's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Daiwa Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Daiwa Co's Days Inventory falls into.

Daiwa Co Days Inventory Calculation

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

Daiwa Co's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (1470.258	+	1447.409)	/	2 )	/	7712.129	*	365
=	1458.8335					/	7712.129	*	365
=	69.04

Daiwa Co's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (1439.902	+	1655.321)	/	2 )	/	1748.018	*	365 / 4
=	1547.6115					/	1748.018	*	365 / 4
=	80.79

Daiwa Co (TSE:8247) 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.

Daiwa Co's Inventory Turnover for the three months ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1748.018	/	1547.6115
	=	1.13

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.

Daiwa Co's Inventory to Revenue for the three months ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1547.6115	/	3835.968
	=	0.40

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.

Daiwa Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Daiwa Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Daiwa Co (TSE:8247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Daiwa Co Ltd (TSE:8247) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 No. 2 No. Kanazawa Katamachi 2-chome, Kanazawa, JPN

Website

http://www.daiwa-dp.co.jp

Daiwa Co Ltd is a Japan-based company mainly engaged in the operation of department stores. It operates three department stores in Kanazawa, Toyama and Takaoka cities.

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