Showangyo Co (TSE:2004) Days Inventory : 66.62 (As of Dec. 2023)

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What is Showangyo Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Showangyo Co's Average Total Inventories for the three months ended in Dec. 2023 was 円54,355 Mil. Showangyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円74,452 Mil. Hence, Showangyo Co's Days Inventory for the three months ended in Dec. 2023 was 66.62.

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

TSE:2004' s Days Inventory Range Over the Past 10 Years
Min: 48.57 Med: 51.28 Max: 68.15
Current: 68.15

During the past 13 years, Showangyo Co's highest Days Inventory was 68.15. The lowest was 48.57. And the median was 51.28.

TSE:2004's Days Inventory is ranked better than
60.11% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs TSE:2004: 68.15

Showangyo Co's Days Inventory declined from Dec. 2022 (71.11) to Dec. 2023 (66.62).

Inventory Turnover measures how fast the company turns over its inventory within a year. Showangyo Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.37.

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. Showangyo Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.60.

Showangyo Co Days Inventory Historical Data

The historical data trend for Showangyo 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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Showangyo Co Days Inventory Chart

Showangyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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48.57

55.45

62.46

66.49

67.75

Showangyo Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															74.65	67.81	71.89	66.62	66.72

Competitive Comparison of Showangyo Co's Days Inventory

For the Farm Products subindustry, Showangyo 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.

Showangyo Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Showangyo Co's Days Inventory distribution charts can be found below:

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

Showangyo Co Days Inventory Calculation

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

Showangyo Co's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (58746	+	48716)	/	2 )	/	289479	*	365
=	53731					/	289479	*	365
=	67.75

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

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (58052	+	50658)	/	2 )	/	74452	*	365 / 4
=	54355					/	74452	*	365 / 4
=	66.62

Showangyo Co (TSE:2004) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	74452	/	54355
	=	1.37

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	54355	/	89973
	=	0.60

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.

Showangyo Co Days Inventory Related Terms

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

Showangyo Co (TSE:2004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Showa Sangyo Co Ltd (TSE:2004) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kamakuragashi Building, 2-2-1,Uchikanda, Chiyoda-ku, Tokyo, JPN, 101-8521

Website

http://www.showa-sangyo.co.jp

Showa Sangyo Co Ltd is a comprehensive food manufacturer that operates businesses in flour milling, vegetable oils, starches, sweeteners, and other food items. Based out of Asia, it processes imported raw materials to make seasonings, beverages, frozen foods, and other ready-to-eat products. The products are distributed to retailers and other wholesalers to help provide a diversified reach. Additional sources of income come from warehousing and real estate. It owns large silos to store grain for internal use and to supply other manufacturers. The real estate division develops commercial facilities and leases office buildings and acreage.

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