HEIWADO Co (TSE:8276) Days Inventory : 26.74 (As of Nov. 2023)

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What is HEIWADO Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). HEIWADO Co's Average Total Inventories for the three months ended in Nov. 2023 was 円19,636 Mil. HEIWADO Co's Cost of Goods Sold for the three months ended in Nov. 2023 was 円67,000 Mil. Hence, HEIWADO Co's Days Inventory for the three months ended in Nov. 2023 was 26.74.

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

TSE:8276' s Days Inventory Range Over the Past 10 Years
Min: 23.17 Med: 25.08 Max: 26.27
Current: 26.27

During the past 13 years, HEIWADO Co's highest Days Inventory was 26.27. The lowest was 23.17. And the median was 25.08.

TSE:8276's Days Inventory is ranked better than
88.95% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.605 vs TSE:8276: 26.27

HEIWADO Co's Days Inventory increased from Nov. 2022 (26.38) to Nov. 2023 (26.74). It might indicate that HEIWADO Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. HEIWADO Co's Inventory Turnover for the three months ended in Nov. 2023 was 3.41.

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. HEIWADO Co's Inventory-to-Revenue for the three months ended in Nov. 2023 was 0.19.

HEIWADO Co Days Inventory Historical Data

The historical data trend for HEIWADO 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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HEIWADO Co Days Inventory Chart

HEIWADO Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Inventory

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25.68

24.18

23.17

25.40

25.57

HEIWADO Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial															25.24	27.45	25.92	26.74	25.74

Competitive Comparison of HEIWADO Co's Days Inventory

For the Department Stores subindustry, HEIWADO 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.

HEIWADO Co's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, HEIWADO Co's Days Inventory distribution charts can be found below:

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

HEIWADO Co Days Inventory Calculation

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

HEIWADO Co's Days Inventory for the fiscal year that ended in Feb. 2024 is calculated as

	Days Inventory (A: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2023 )	+	Total Inventories (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (18583	+	19324)	/	2 )	/	270536	*	365
=	18953.5					/	270536	*	365
=	25.57

HEIWADO Co's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (18484	+	20787)	/	2 )	/	67000	*	365 / 4
=	19635.5					/	67000	*	365 / 4
=	26.74

HEIWADO Co (TSE:8276) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	67000	/	19635.5
	=	3.41

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19635.5	/	104538
	=	0.19

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.

HEIWADO Co Days Inventory Related Terms

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

HEIWADO Co (TSE:8276) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » HEIWADO Co Ltd (TSE:8276) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

31, Koizumi-cho, Hikone-shi, Shiga-ken, JPN, 522-8511

Website

http://www.heiwado.jp

HEIWADO Co Ltd is a Japan-based company that is mainly engaged in the retail business. The company's stores offer a broad range of merchandise, including foods, apparel, housing-related goods, etc. The company also operates restaurant businesses, sales of books, CDs and DVDs, rental shops of CDs and DVDs, and others. The majority of the company's stores are located in Japan, with around half of them being located in the Shiga Prefecture, and the rest in other areas of Japan. The company also operates several department stores in Hunan province, China.

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