Days Inventory is also known as Days Sales of Inventory (DSI). Asahi Kasei's Average Total Inventories for the
three
months ended in Dec. 2023 was $4,523 Mil. Asahi Kasei's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $3,509 Mil.
Hence, Asahi Kasei's Days Inventory for the
three
months ended in Dec. 2023 was 117.61.
The historical rank and industry rank for Asahi Kasei's Days Inventory or its related term are showing as below:
AHKSY'
s Days Inventory Range Over the Past 10 Years
Min: 84.05 Med: 96.58 Max: 122.83
Current: 121.21
During the past 13 years, Asahi Kasei's highest Days Inventory was 122.83. The lowest was 84.05. And the median was 96.58.
AHKSY's Days Inventory is ranked worse than 71.17% of 1495
companies
in the Chemicals industry
Industry Median: 82.92
vs AHKSY: 121.21
Asahi Kasei's Days Inventory
increased
from Dec. 2022 (116.66) to Dec. 2023 (117.61).
It might indicate that Asahi Kasei's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Asahi Kasei's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.78.
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.
Asahi Kasei's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.91.
Asahi Kasei Days Inventory Historical Data
The historical data trend for Asahi Kasei'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.
Competitive Comparison of Asahi Kasei's Days Inventory
For the Chemicals subindustry, Asahi Kasei'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.
Asahi Kasei's Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asahi Kasei's Days Inventory distribution charts can be found below:
* The bar in red indicates where Asahi Kasei's Days Inventory falls into.
Asahi Kasei Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Asahi Kasei's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Asahi Kasei (OTCPK:AHKSY) 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.
Asahi Kasei's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Asahi Kasei's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Asahi Kasei Days Inventory Related Terms
Thank you for viewing the detailed overview of Asahi Kasei's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Asahi Kasei Corp is a holding company that, through its subsidiaries, sells a variety of products and services. The firm is organized into four segments based on product or service. The chemicals and fibers segment, which generates the most revenue of any segment, sells ammonia-based products including plastic compounds and cellulose fiber. The homes and construction segment builds residential houses and sells thermal insulation. The electronics segment sells components for mobile phones including electronic compasses and lithium-ion battery separators. The healthcare segment sells medical devices including blood purification, blood transfusion, and bioprocess products. The majority of revenue comes from Japan.
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