Shibaura Machine Co (Shibaura Machine Co) Days Inventory : 510.94 (As of Dec. 2023)

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What is Shibaura Machine Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shibaura Machine Co's Average Total Inventories for the three months ended in Dec. 2023 was $713 Mil. Shibaura Machine Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $127 Mil. Hence, Shibaura Machine Co's Days Inventory for the three months ended in Dec. 2023 was 510.94.

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

TSHMF' s Days Inventory Range Over the Past 10 Years
Min: 114.59 Med: 147.53 Max: 339.33
Current: 339.33

During the past 13 years, Shibaura Machine Co's highest Days Inventory was 339.33. The lowest was 114.59. And the median was 147.53.

TSHMF's Days Inventory is ranked worse than
91.75% of 2908 companies
in the Industrial Products industry
Industry Median: 120.82 vs TSHMF: 339.33

Shibaura Machine Co's Days Inventory increased from Dec. 2022 (301.66) to Dec. 2023 (510.94). It might indicate that Shibaura Machine 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. Shibaura Machine Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.18.

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. Shibaura Machine Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.71.

Shibaura Machine Co Days Inventory Historical Data

The historical data trend for Shibaura Machine 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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Shibaura Machine Co Days Inventory Chart

Shibaura Machine Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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166.94

168.04

176.40

202.18

299.41

Shibaura Machine 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															301.66	292.90	340.65	281.35	510.94

Competitive Comparison of Shibaura Machine Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Shibaura Machine 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.

Shibaura Machine Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shibaura Machine Co's Days Inventory distribution charts can be found below:

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

Shibaura Machine Co Days Inventory Calculation

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

Shibaura Machine 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
=	( (435.209	+	600.564)	/	2 )	/	631.343	*	365
=	517.8865					/	631.343	*	365
=	299.41

Shibaura Machine 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
=	( (663.364	+	762.084)	/	2 )	/	127.287	*	365 / 4
=	712.724					/	127.287	*	365 / 4
=	510.94

Shibaura Machine Co (OTCPK:TSHMF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	127.287	/	712.724
	=	0.18

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	712.724	/	191.92
	=	3.71

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.

Shibaura Machine Co Days Inventory Related Terms

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

Shibaura Machine Co (Shibaura Machine Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shibaura Machine Co Ltd (OTCPK:TSHMF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

6104:Japan TOA:Germany

Address

2068-3 Ooka, Shizuoka Prefecture, Numazu, JPN, 410-8510

Website

http://www.toshiba-machine.co.jp

Shibaura Machine is engaged in manufacturing and distribution of molding machineries and machine tools. The business of the company is divided into two segments: molding machinery and machine tools. The company's product portfolio comprises injection molding machines, die-casting machines, plastic extrusion, large-size machine tools, portal-type machine tools, machining centers, horizontal boring machines, and high-precision machines, among others. The company's products are used in manufacturing of computers, automobile engines, transmissions, medical products, high-precision lenses, displays, construction machines, and wind power generation. A vast majority of the company's revenue is generated by the molding machinery segment, and the company earns most of its revenue in Japan.

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