Kawai Musical Instruments Manufacturing Co (TSE:7952) Days Inventory : 127.43 (As of Dec. 2023)

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What is Kawai Musical Instruments Manufacturing Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kawai Musical Instruments Manufacturing Co's Average Total Inventories for the three months ended in Dec. 2023 was 円19,767 Mil. Kawai Musical Instruments Manufacturing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円14,154 Mil. Hence, Kawai Musical Instruments Manufacturing Co's Days Inventory for the three months ended in Dec. 2023 was 127.43.

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

TSE:7952' s Days Inventory Range Over the Past 10 Years
Min: 55.5 Med: 61.53 Max: 111.96
Current: 111.96

During the past 13 years, Kawai Musical Instruments Manufacturing Co's highest Days Inventory was 111.96. The lowest was 55.50. And the median was 61.53.

TSE:7952's Days Inventory is ranked worse than
72.17% of 672 companies
in the Travel & Leisure industry
Industry Median: 35.43 vs TSE:7952: 111.96

Kawai Musical Instruments Manufacturing Co's Days Inventory increased from Dec. 2022 (95.70) to Dec. 2023 (127.43). It might indicate that Kawai Musical Instruments Manufacturing Co's sales slowed down.

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. Kawai Musical Instruments Manufacturing Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.72.

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. Kawai Musical Instruments Manufacturing Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.01.

Kawai Musical Instruments Manufacturing Co Days Inventory Historical Data

The historical data trend for Kawai Musical Instruments Manufacturing 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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Kawai Musical Instruments Manufacturing Co Days Inventory Chart

Kawai Musical Instruments Manufacturing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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60.71

68.20

73.33

63.85

83.85

Kawai Musical Instruments Manufacturing 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															95.70	95.48	114.78	109.70	127.43

Competitive Comparison of Kawai Musical Instruments Manufacturing Co's Days Inventory

For the Leisure subindustry, Kawai Musical Instruments Manufacturing 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.

Kawai Musical Instruments Manufacturing Co's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kawai Musical Instruments Manufacturing Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kawai Musical Instruments Manufacturing Co's Days Inventory falls into.

Kawai Musical Instruments Manufacturing Co Days Inventory Calculation

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

Kawai Musical Instruments Manufacturing 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
=	( (12378	+	17466)	/	2 )	/	64956	*	365
=	14922					/	64956	*	365
=	83.85

Kawai Musical Instruments Manufacturing 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
=	( (19362	+	20171)	/	2 )	/	14154	*	365 / 4
=	19766.5					/	14154	*	365 / 4
=	127.43

Kawai Musical Instruments Manufacturing Co (TSE:7952) 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.

Kawai Musical Instruments Manufacturing Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14154	/	19766.5
	=	0.72

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.

Kawai Musical Instruments Manufacturing Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19766.5	/	19529
	=	1.01

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.

Kawai Musical Instruments Manufacturing Co Days Inventory Related Terms

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

Kawai Musical Instruments Manufacturing Co (TSE:7952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kawai Musical Instruments Manufacturing Co Ltd (TSE:7952) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Terajima-cho Naka-ku, Shizuoka, Hamamatsu, JPN, 430-8665

Website

http://www.kawai.co.jp

Kawai Musical Instruments Manufacturing Co Ltd is a Japan-based musical instrument manufacturer. The company is mainly engaged in manufacturing and sales of musical instruments, precision metals, wood products, and electronic devices. Products offered by the company include grand pianos, upright pianos, digital pianos, hybrid pianos, and anytime pianos. It sells its products under the brand name Philosophy, Legacy, Artists, Competitions, and Institutions. Kawai has global sales networks, it distributes its products in Europe, America, Asia and Oceania, Africa and the Middle East. The company is also engaged in the development and sales of software and operations of music schools, and gymnastics schools.

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