Daiei Kankyo Co (TSE:9336) Days Inventory : 3.85 (As of Dec. 2023)

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What is Daiei Kankyo Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Daiei Kankyo Co's Average Total Inventories for the three months ended in Dec. 2023 was 円442 Mil. Daiei Kankyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円10,451 Mil. Hence, Daiei Kankyo Co's Days Inventory for the three months ended in Dec. 2023 was 3.85.

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

TSE:9336' s Days Inventory Range Over the Past 10 Years
Min: 3.2 Med: 4.24 Max: 5.09
Current: 4.21

During the past 4 years, Daiei Kankyo Co's highest Days Inventory was 5.09. The lowest was 3.20. And the median was 4.24.

TSE:9336's Days Inventory is ranked better than
84.36% of 211 companies
in the Waste Management industry
Industry Median: 23.54 vs TSE:9336: 4.21

Daiei Kankyo Co's Days Inventory declined from Dec. 2022 (5.24) to Dec. 2023 (3.85).

Inventory Turnover measures how fast the company turns over its inventory within a year. Daiei Kankyo Co's Inventory Turnover for the three months ended in Dec. 2023 was 23.67.

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. Daiei Kankyo Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Daiei Kankyo Co Days Inventory Historical Data

The historical data trend for Daiei Kankyo 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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Daiei Kankyo Co Days Inventory Chart

Daiei Kankyo Co Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Inventory

3.20

3.98

5.09

4.50

Daiei Kankyo Co Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial				5.54	4.66	4.00	3.85	4.06

Competitive Comparison of Daiei Kankyo Co's Days Inventory

For the Waste Management subindustry, Daiei Kankyo 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.

Daiei Kankyo Co's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Daiei Kankyo Co's Days Inventory distribution charts can be found below:

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

Daiei Kankyo Co Days Inventory Calculation

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

Daiei Kankyo Co'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
=	( (532	+	485)	/	2 )	/	41260	*	365
=	508.5					/	41260	*	365
=	4.50

Daiei Kankyo 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
=	( (405	+	478)	/	2 )	/	10451	*	365 / 4
=	441.5					/	10451	*	365 / 4
=	3.85

Daiei Kankyo Co (TSE:9336) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10451	/	441.5
	=	23.67

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	441.5	/	19167
	=	0.02

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.

Daiei Kankyo Co Days Inventory Related Terms

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Daiei Kankyo Co (TSE:9336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Daiei Kankyo Co Ltd (TSE:9336) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-9-1 Koyo-cho, Kobe Fashion Plaza, Higashinada-ku, Hyogo Prefecture, Kobe, JPN, 658-0032

Website

https://www.dinsgr.co.jp

Daiei Kankyo Co Ltd is a engaged in the waste-related business. It focuses on collection and transportation, intermediate treatment and recycling, and final disposal of both general and industrial waste and valuable resource recycing business.

Daiei Kankyo Co (TSE:9336) Headlines

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