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Kao (TSE:4452) Days Inventory : 98.27 (As of Dec. 2023)


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What is Kao Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kao's Average Total Inventories for the three months ended in Dec. 2023 was 円273,702 Mil. Kao's Cost of Goods Sold for the three months ended in Dec. 2023 was 円254,150 Mil. Hence, Kao's Days Inventory for the three months ended in Dec. 2023 was 98.27.

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

TSE:4452' s Days Inventory Range Over the Past 10 Years
Min: 76.39   Med: 88.01   Max: 105.34
Current: 105.34

During the past 13 years, Kao's highest Days Inventory was 105.34. The lowest was 76.39. And the median was 88.01.

TSE:4452's Days Inventory is ranked worse than
63.01% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs TSE:4452: 105.34

Kao's Days Inventory increased from Dec. 2022 (95.52) to Dec. 2023 (98.27). It might indicate that Kao's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kao's Inventory Turnover for the three months ended in Dec. 2023 was 0.93.

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. Kao's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.67.


Kao Days Inventory Historical Data

The historical data trend for Kao'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.

Kao Days Inventory Chart

Kao Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85.42 91.63 91.88 92.18 101.79

Kao 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 95.52 111.18 106.72 109.35 98.27

Competitive Comparison of Kao's Days Inventory

For the Household & Personal Products subindustry, Kao'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.


Kao's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kao's Days Inventory distribution charts can be found below:

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



Kao Days Inventory Calculation

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

Kao's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (278382 + 263815) / 2 ) / 972152*365
=271098.5 / 972152*365
=101.79

Kao'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
=( (283588 + 263815) / 2 ) / 254150*365 / 4
=273701.5 / 254150*365 / 4
=98.27

* 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.


Kao  (TSE:4452) 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.

Kao'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.

Kao'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.


Kao Days Inventory Related Terms

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


Kao (TSE:4452) Business Description

Traded in Other Exchanges
Address
14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, JPN, 103-8210
Kao is the largest household and personal care product manufacturer in Japan with a footprint across Asia, Europe, and the Americas. Japan remains its largest market, contributing about 60% of sales and an estimated 70% of profits with several leading brands including Attack and Biore. Initially a soap producer established in the 1890s, Kao has expanded into cosmetics, disposable hygiene products, and chemicals, in addition to its home care and toiletry products. Asia, the largest overseas market contributing 20% of group sales, is a key growth driver, led by expansion in China and Indonesia. It has also acquired several Western skin and haircare brands including Jergens, John Frieda, Curel, Molton Brown, and the latest, Oribe.

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