Daiwa Tsushin Co (TSE:7116) Days Inventory : 79.89 (As of Dec. 2023)

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What is Daiwa Tsushin Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Daiwa Tsushin Co's Average Total Inventories for the three months ended in Dec. 2023 was 円796 Mil. Daiwa Tsushin Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円909 Mil. Hence, Daiwa Tsushin Co's Days Inventory for the three months ended in Dec. 2023 was 79.89.

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

TSE:7116' s Days Inventory Range Over the Past 10 Years
Min: 67.2 Med: 84.43 Max: 85.51
Current: 82.15

During the past 3 years, Daiwa Tsushin Co's highest Days Inventory was 85.51. The lowest was 67.20. And the median was 84.43.

TSE:7116's Days Inventory is ranked worse than
69.31% of 681 companies
in the Business Services industry
Industry Median: 29.67 vs TSE:7116: 82.15

Daiwa Tsushin Co's Days Inventory declined from Dec. 2022 (92.95) to Dec. 2023 (79.89).

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 Tsushin Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.14.

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 Tsushin Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.61.

Daiwa Tsushin Co Days Inventory Historical Data

The historical data trend for Daiwa Tsushin 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 Tsushin Co Days Inventory Chart

Daiwa Tsushin Co Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

67.20

85.51

84.43

Daiwa Tsushin Co Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial			92.95	66.92	94.44	86.86	79.89

Competitive Comparison of Daiwa Tsushin Co's Days Inventory

For the Security & Protection Services subindustry, Daiwa Tsushin 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 Tsushin Co's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Daiwa Tsushin Co's Days Inventory distribution charts can be found below:

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

Daiwa Tsushin Co Days Inventory Calculation

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

Daiwa Tsushin 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
=	( (805.359	+	678.309)	/	2 )	/	3207.044	*	365
=	741.834					/	3207.044	*	365
=	84.43

Daiwa Tsushin 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
=	( (756.841	+	834.37)	/	2 )	/	908.704	*	365 / 4
=	795.6055					/	908.704	*	365 / 4
=	79.89

Daiwa Tsushin Co (TSE:7116) 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 Tsushin Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	908.704	/	795.6055
	=	1.14

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	795.6055	/	1297.648
	=	0.61

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 Tsushin Co Days Inventory Related Terms

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

Daiwa Tsushin Co (TSE:7116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Daiwa Tsushin Co Ltd (TSE:7116) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-180 Irie, Kanazawa-shi, Ishikawa, JPN, 921-8011

Website

https://www.daiwawa.com

Daiwa Tsushin Co Ltd operates in the security business. It is engaged in the planning and sales of security cameras, provision of solutions using face recognition technology and mobile business.

Daiwa Tsushin Co (TSE:7116) Headlines

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