Shinto Co (TSE:5380) Days Inventory : 131.97 (As of Dec. 2023)

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What is Shinto Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shinto Co's Average Total Inventories for the three months ended in Dec. 2023 was 円1,384 Mil. Shinto Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円957 Mil. Hence, Shinto Co's Days Inventory for the three months ended in Dec. 2023 was 131.97.

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

TSE:5380' s Days Inventory Range Over the Past 10 Years
Min: 66.47 Med: 102.82 Max: 138.23
Current: 138.23

During the past 13 years, Shinto Co's highest Days Inventory was 138.23. The lowest was 66.47. And the median was 102.82.

TSE:5380's Days Inventory is ranked worse than
79.21% of 1395 companies
in the Construction industry
Industry Median: 48.56 vs TSE:5380: 138.23

Shinto Co's Days Inventory increased from Dec. 2022 (126.34) to Dec. 2023 (131.97). It might indicate that Shinto Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shinto Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.69.

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. Shinto Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.20.

Shinto Co Days Inventory Historical Data

The historical data trend for Shinto 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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Shinto Co Days Inventory Chart

Shinto Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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91.86

106.38

114.00

113.85

136.50

Shinto 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															126.34	151.18	134.15	137.62	131.97

Competitive Comparison of Shinto Co's Days Inventory

For the Building Products & Equipment subindustry, Shinto 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.

Shinto Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shinto Co's Days Inventory distribution charts can be found below:

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

Shinto Co Days Inventory Calculation

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

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

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1692.253	+	1480.374)	/	2 )	/	4241.679	*	365
=	1586.3135					/	4241.679	*	365
=	136.50

Shinto 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
=	( (1391.375	+	1375.978)	/	2 )	/	956.761	*	365 / 4
=	1383.6765					/	956.761	*	365 / 4
=	131.97

Shinto Co (TSE:5380) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	956.761	/	1383.6765
	=	0.69

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1383.6765	/	1149.828
	=	1.20

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.

Shinto Co Days Inventory Related Terms

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

Shinto Co (TSE:5380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shinto Co Ltd (TSE:5380) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

5380:Japan

Address

4-7-2 Ronchi-cho, Aichi, Takahama, JPN, 444-1314

Website

http://www.shintokawara.co.jp

Shinto Co Ltd manufactures and sells ceramic roof tiles. The company imports and exports roof materials and provides engineering work as well. The firm focuses on developing new materials for Japanese and western-style roof tiles and operates in Japan.

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