TOWA Pharmaceutical Co (TSE:4553) Days Inventory : 234.80 (As of Dec. 2023)

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What is TOWA Pharmaceutical Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TOWA Pharmaceutical Co's Average Total Inventories for the three months ended in Dec. 2023 was 円99,736 Mil. TOWA Pharmaceutical Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円38,761 Mil. Hence, TOWA Pharmaceutical Co's Days Inventory for the three months ended in Dec. 2023 was 234.80.

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

TSE:4553' s Days Inventory Range Over the Past 10 Years
Min: 222.02 Med: 263.75 Max: 304.91
Current: 226.86

During the past 13 years, TOWA Pharmaceutical Co's highest Days Inventory was 304.91. The lowest was 222.02. And the median was 263.75.

TSE:4553's Days Inventory is ranked worse than
72.12% of 972 companies
in the Drug Manufacturers industry
Industry Median: 158.44 vs TSE:4553: 226.86

TOWA Pharmaceutical Co's Days Inventory declined from Dec. 2022 (248.02) to Dec. 2023 (234.80).

Inventory Turnover measures how fast the company turns over its inventory within a year. TOWA Pharmaceutical Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.39.

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. TOWA Pharmaceutical Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.64.

TOWA Pharmaceutical Co Days Inventory Historical Data

The historical data trend for TOWA Pharmaceutical 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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TOWA Pharmaceutical Co Days Inventory Chart

TOWA Pharmaceutical Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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239.10

271.90

228.51

255.60

222.02

TOWA Pharmaceutical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															248.02	179.19	251.58	260.10	234.80

Competitive Comparison of TOWA Pharmaceutical Co's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, TOWA Pharmaceutical 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.

TOWA Pharmaceutical Co's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, TOWA Pharmaceutical Co's Days Inventory distribution charts can be found below:

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

TOWA Pharmaceutical Co Days Inventory Calculation

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

TOWA Pharmaceutical Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (72701	+	92927)	/	2 )	/	136146	*	365
=	82814					/	136146	*	365
=	222.02

TOWA Pharmaceutical 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
=	( (99805	+	99667)	/	2 )	/	38761	*	365 / 4
=	99736					/	38761	*	365 / 4
=	234.80

TOWA Pharmaceutical Co (TSE:4553) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	38761	/	99736
	=	0.39

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	99736	/	60929
	=	1.64

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.

TOWA Pharmaceutical Co Days Inventory Related Terms

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

TOWA Pharmaceutical Co (TSE:4553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TOWA Pharmaceutical Co Ltd (TSE:4553) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-11, Shinbashi-cho, Kadoma, Osaka, JPN, 571-8580

Website

http://www.towayakuhin.co.jp

TOWA Pharmaceutical Co Ltd is a Japan based pharmaceutical company engaged in research and development, production, and marketing of generic drugs. It also provides drug consulting services for patients and their families and relatives. It organizes academic seminars for medical professionals and posts articles in journals. It participates in training for pharmacists. The company has three main plants in operation namely Osaka plant, Okayama plant, and Yamagata plant. Towa has offers more than 500 drugs to meet the diverse therapeutic requirements including lifestyle related diseases such as hypertension and diabetes, digestive system diseases, nervous system diseases and allergic diseases, vitamins and antibiotics.

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