Aida Engineering (Aida Engineering) Days Inventory : 193.98 (As of Dec. 2023)

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What is Aida Engineering Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aida Engineering's Average Total Inventories for the three months ended in Dec. 2023 was $209.2 Mil. Aida Engineering's Cost of Goods Sold for the three months ended in Dec. 2023 was $98.4 Mil. Hence, Aida Engineering's Days Inventory for the three months ended in Dec. 2023 was 193.98.

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

ADERY' s Days Inventory Range Over the Past 10 Years
Min: 80.12 Med: 97.85 Max: 173.52
Current: 173.52

During the past 13 years, Aida Engineering's highest Days Inventory was 173.52. The lowest was 80.12. And the median was 97.85.

ADERY's Days Inventory is ranked worse than
69.15% of 2908 companies
in the Industrial Products industry
Industry Median: 120.82 vs ADERY: 173.52

Aida Engineering's Days Inventory increased from Dec. 2022 (171.30) to Dec. 2023 (193.98). It might indicate that Aida Engineering's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aida Engineering's Inventory Turnover for the three months ended in Dec. 2023 was 0.47.

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. Aida Engineering's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.77.

Aida Engineering Days Inventory Historical Data

The historical data trend for Aida Engineering'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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Aida Engineering Days Inventory Chart

Aida Engineering Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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91.94

110.95

137.98

144.24

160.20

Aida Engineering 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															171.30	140.87	182.25	182.91	193.98

Competitive Comparison of Aida Engineering's Days Inventory

For the Specialty Industrial Machinery subindustry, Aida Engineering'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.

Aida Engineering's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Aida Engineering's Days Inventory falls into.

Aida Engineering Days Inventory Calculation

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

Aida Engineering'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
=	( (181.94	+	193.507)	/	2 )	/	427.698	*	365
=	187.7235					/	427.698	*	365
=	160.20

Aida Engineering'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
=	( (198.566	+	219.91)	/	2 )	/	98.429	*	365 / 4
=	209.238					/	98.429	*	365 / 4
=	193.98

Aida Engineering (OTCPK:ADERY) 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.

Aida Engineering's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	98.429	/	209.238
	=	0.47

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.

Aida Engineering's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	209.238	/	118.369
	=	1.77

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.

Aida Engineering Days Inventory Related Terms

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

Aida Engineering (Aida Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aida Engineering Ltd (OTCPK:ADERY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

6118:Japan

Address

2-10 Ohyama-cho, Sagamihara, JPN, 2291181

Website

http://www.aida.co.jp

Aida Engineering Ltd is a Japan-based company that manufactures, sells, and services press machines and their ancillary facilities. The company's principal products comprise general-purpose servo presses, midsize and large servo presses, precision forming presses, general-purpose presses, midsize and large presses, high-speed automatic presses, cold forging presses, transfer feeders, coil feeders, and tooling dies. The company's services include overhaul, preventative maintenance, press inspections, machine relocation, and others. The company generates sales in Japan, Asia, the Americas, and Europe.

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