Ferrotec Holdings (TSE:6890) Days Inventory : 124.05 (As of Dec. 2023)

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What is Ferrotec Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ferrotec Holdings's Average Total Inventories for the three months ended in Dec. 2023 was 円57,991 Mil. Ferrotec Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円42,659 Mil. Hence, Ferrotec Holdings's Days Inventory for the three months ended in Dec. 2023 was 124.05.

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

TSE:6890' s Days Inventory Range Over the Past 10 Years
Min: 85.18 Med: 101.06 Max: 131.8
Current: 131.8

During the past 13 years, Ferrotec Holdings's highest Days Inventory was 131.80. The lowest was 85.18. And the median was 101.06.

TSE:6890's Days Inventory is ranked worse than
51.06% of 944 companies
in the Semiconductors industry
Industry Median: 130.215 vs TSE:6890: 131.80

Ferrotec Holdings's Days Inventory increased from Dec. 2022 (106.33) to Dec. 2023 (124.05). It might indicate that Ferrotec Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ferrotec Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 0.74.

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. Ferrotec Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.92.

Ferrotec Holdings Days Inventory Historical Data

The historical data trend for Ferrotec Holdings'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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Ferrotec Holdings Days Inventory Chart

Ferrotec Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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111.95

103.54

97.54

102.10

126.89

Ferrotec Holdings 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															117.08	135.11	138.28	124.05	136.09

Competitive Comparison of Ferrotec Holdings's Days Inventory

For the Semiconductors subindustry, Ferrotec Holdings'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.

Ferrotec Holdings's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ferrotec Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ferrotec Holdings's Days Inventory falls into.

Ferrotec Holdings Days Inventory Calculation

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

Ferrotec Holdings'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
=	( (49177	+	56909)	/	2 )	/	152574	*	365
=	53043					/	152574	*	365
=	126.89

Ferrotec Holdings'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
=	( (57365	+	58617)	/	2 )	/	42659	*	365 / 4
=	57991					/	42659	*	365 / 4
=	124.05

Ferrotec Holdings (TSE:6890) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42659	/	57991
	=	0.74

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	57991	/	62772
	=	0.92

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.

Ferrotec Holdings Days Inventory Related Terms

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

Ferrotec Holdings (TSE:6890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ferrotec Holdings Corp (TSE:6890) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FER:Germany

Address

2-3-4 Nihonbashi, Chuo-ku, Nihonbashi Plaza Building, Tokyo, JPN, 103-0027

Website

http://www.ferrotec.co.jp

Ferrotec Holdings Corp is a manufacturer of semiconductor equipment related products. The company operates through four business segments. Its Electronic device segment manufactures thermo-electric modules, ferrofluid, and power semiconductor substrate. The Equipment-related segment is engaged in the production and sale of vacuum seal, quartz products, ceramics and silicon products, silicon parts, and wafer products. Its Photovoltaic segment is involved in the formation of silicon crystal equipment, quartz crucible, and silicon for the solar cell. The company's Other segment comprises of laundry and other related industrial equipment.

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