Days Inventory is also known as Days Sales of Inventory (DSI). THK Co's Average Total Inventories for the
three
months ended in Dec. 2023 was 円84,602 Mil. THK Co's Cost of Goods Sold for the
three
months ended in Dec. 2023 was 円64,430 Mil.
Hence, THK Co's Days Inventory for the
three
months ended in Dec. 2023 was 119.82.
The historical rank and industry rank for THK Co's Days Inventory or its related term are showing as below:
TSE:6481'
s Days Inventory Range Over the Past 10 Years
Min: 65.78 Med: 80.87 Max: 111.79
Current: 111.79
During the past 13 years, THK Co's highest Days Inventory was 111.79. The lowest was 65.78. And the median was 80.87.
TSE:6481's Days Inventory is ranked better than 54.35% of 2907
companies
in the Industrial Products industry
Industry Median: 119.85
vs TSE:6481: 111.79
THK Co's Days Inventory
increased
from Dec. 2022 (93.35) to Dec. 2023 (119.82).
It might indicate that THK Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
THK Co's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.76.
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.
THK Co's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.01.
THK Co Days Inventory Historical Data
The historical data trend for THK Co'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.
For the Specialty Industrial Machinery subindustry, THK Co'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.
THK Co's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, THK Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where THK Co's Days Inventory falls into.
THK Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
THK Co's Days Inventory for the fiscal year that 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.
THK Co (TSE:6481) 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.
THK Co'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.
THK Co'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.
THK Co Days Inventory Related Terms
Thank you for viewing the detailed overview of THK Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
THK Co Ltd is a Japan-based company that primarily manufactures machinery parts, including linear motion guides and ball screws, and transportation-equipment-related parts. The company operates through two segments. The industrial machinery segment provides products that are essential components in the production of machine tools and semiconductor production equipment. This segment also manufactures and sells electric actuators and unit products. The automotive and transportation segment develops and provides automotive components that support vehicles' basic functions. The company generates the majority of its revenue from the Japanese domestic market.
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