Toray Industries (Toray Industries) Days Inventory : 96.59 (As of Dec. 2023)

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What is Toray Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Toray Industries's Average Total Inventories for the three months ended in Dec. 2023 was $3,789 Mil. Toray Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,580 Mil. Hence, Toray Industries's Days Inventory for the three months ended in Dec. 2023 was 96.59.

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

TRYIY' s Days Inventory Range Over the Past 10 Years
Min: 82.18 Med: 86.89 Max: 100.39
Current: 100.39

During the past 13 years, Toray Industries's highest Days Inventory was 100.39. The lowest was 82.18. And the median was 86.89.

TRYIY's Days Inventory is ranked better than
62.98% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.36 vs TRYIY: 100.39

Toray Industries's Days Inventory increased from Dec. 2022 (91.49) to Dec. 2023 (96.59). It might indicate that Toray Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Toray Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.94.

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. Toray Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.87.

Toray Industries Days Inventory Historical Data

The historical data trend for Toray Industries'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.

* Premium members only.

Toray Industries Days Inventory Chart

Toray Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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84.18

90.45

94.31

88.78

92.70

Toray Industries 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															91.49	98.91	107.80	102.00	96.59

Competitive Comparison of Toray Industries's Days Inventory

For the Textile Manufacturing subindustry, Toray Industries'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.

Toray Industries's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toray Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Toray Industries's Days Inventory falls into.

Toray Industries Days Inventory Calculation

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

Toray Industries'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
=	( (3957.887	+	3902.299)	/	2 )	/	15475.299	*	365
=	3930.093					/	15475.299	*	365
=	92.70

Toray Industries'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
=	( (3748.798	+	3829.638)	/	2 )	/	3579.64	*	365 / 4
=	3789.218					/	3579.64	*	365 / 4
=	96.59

Toray Industries (OTCPK:TRYIY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3579.64	/	3789.218
	=	0.94

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3789.218	/	4375.784
	=	0.87

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.

Toray Industries Days Inventory Related Terms

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

Toray Industries (Toray Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Toray Industries Inc (OTCPK:TRYIY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TRYIF:USA 3402:Japan TOR1:Germany

Address

Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, JPN, 103-8666

Website

http://www.toray.co.jp

Toray Industries Inc is a Japan-based company that is primarily engaged in the integrated chemical industry to produce apparel and industrial materials. The company's businesses consist of Fibers & Textiles, Plastics & Chemicals, IT-related Products, Carbon Fiber Composite Materials, Environment & Engineering, and Life Science. The Fibers & Textiles business and Plastics & Chemicals business are the company's core growth drivers, and they jointly contribute around two thirds of the company's revenue. The company has business presence in Japan, China, other Asian areas, Europe, North America, and other areas, with the whole Asia market accounting for majority of the company's total revenue.