Godo Steel (TSE:5410) Days Inventory : 100.47 (As of Dec. 2023)

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What is Godo Steel Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Godo Steel's Average Total Inventories for the three months ended in Dec. 2023 was 円50,633 Mil. Godo Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was 円45,986 Mil. Hence, Godo Steel's Days Inventory for the three months ended in Dec. 2023 was 100.47.

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

TSE:5410' s Days Inventory Range Over the Past 10 Years
Min: 63.3 Med: 80.52 Max: 102.89
Current: 102.89

During the past 13 years, Godo Steel's highest Days Inventory was 102.89. The lowest was 63.30. And the median was 80.52.

TSE:5410's Days Inventory is ranked worse than
61.15% of 574 companies
in the Steel industry
Industry Median: 85.7 vs TSE:5410: 102.89

Godo Steel's Days Inventory increased from Dec. 2022 (92.04) to Dec. 2023 (100.47). It might indicate that Godo Steel's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Godo Steel's Inventory Turnover for the three months ended in Dec. 2023 was 0.91.

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. Godo Steel's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.90.

Godo Steel Days Inventory Historical Data

The historical data trend for Godo Steel'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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Godo Steel Days Inventory Chart

Godo Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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79.88

84.89

96.35

80.34

92.68

Godo Steel 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															92.04	103.42	99.62	111.78	100.47

Competitive Comparison of Godo Steel's Days Inventory

For the Steel subindustry, Godo Steel'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.

Godo Steel's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Godo Steel's Days Inventory distribution charts can be found below:

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

Godo Steel Days Inventory Calculation

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

Godo Steel'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
=	( (45485	+	56483)	/	2 )	/	200788	*	365
=	50984					/	200788	*	365
=	92.68

Godo Steel'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
=	( (51050	+	50215)	/	2 )	/	45986	*	365 / 4
=	50632.5					/	45986	*	365 / 4
=	100.47

Godo Steel (TSE:5410) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	45986	/	50632.5
	=	0.91

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	50632.5	/	56121
	=	0.90

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.

Godo Steel Days Inventory Related Terms

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

Godo Steel (TSE:5410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Godo Steel Ltd (TSE:5410) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Toyobo Building 8th Floor, 2-2-8Doujima-hama Kita-ku, Osaka-shi, Osaka, JPN, 5300004

Website

http://www.godo-steel.co.jp

Godo Steel Ltd manufactures and sells steel products in Japan and internationally. The company offers wire rods for tire chains, stapler needles, and fencing applications; large and middle shapes that are used in construction, civil engineering, and other sectors; structural bars, which are used as materials for making parts of construction and industrial machinery, ships, and other equipment; and rails. It also provides deformed bars that are used as construction and civil engineering materials; EG joints and anchor plates; and billets. In addition, the company offers reinforcing bars, wire products, firebricks, and ballasts; trucking services; and industrial waste disposal services.

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