Echo Trading Co (TSE:7427) Days Inventory : 13.62 (As of Nov. 2023)

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What is Echo Trading Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Echo Trading Co's Average Total Inventories for the three months ended in Nov. 2023 was 円3,669 Mil. Echo Trading Co's Cost of Goods Sold for the three months ended in Nov. 2023 was 円24,586 Mil. Hence, Echo Trading Co's Days Inventory for the three months ended in Nov. 2023 was 13.62.

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

TSE:7427' s Days Inventory Range Over the Past 10 Years
Min: 13.27 Med: 16.41 Max: 22.16
Current: 14.38

During the past 13 years, Echo Trading Co's highest Days Inventory was 22.16. The lowest was 13.27. And the median was 16.41.

TSE:7427's Days Inventory is ranked better than
96.97% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 81.77 vs TSE:7427: 14.38

Echo Trading Co's Days Inventory declined from Nov. 2022 (15.31) to Nov. 2023 (13.62).

Inventory Turnover measures how fast the company turns over its inventory within a year. Echo Trading Co's Inventory Turnover for the three months ended in Nov. 2023 was 6.70.

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. Echo Trading Co's Inventory-to-Revenue for the three months ended in Nov. 2023 was 0.13.

Echo Trading Co Days Inventory Historical Data

The historical data trend for Echo Trading 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.

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Echo Trading Co Days Inventory Chart

Echo Trading Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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16.35

16.16

15.47

14.34

13.27

Echo Trading Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Inventory	Get a 7-Day Free Trial															15.31	15.24	13.56	14.08	13.62

Competitive Comparison of Echo Trading Co's Days Inventory

For the Packaged Foods subindustry, Echo Trading 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.

Echo Trading Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Echo Trading Co's Days Inventory falls into.

Echo Trading Co Days Inventory Calculation

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

Echo Trading Co's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (3125.006	+	3109.044)	/	2 )	/	85764.581	*	365
=	3117.025					/	85764.581	*	365
=	13.27

Echo Trading Co's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (3449.793	+	3887.56)	/	2 )	/	24585.75	*	365 / 4
=	3668.6765					/	24585.75	*	365 / 4
=	13.62

Echo Trading Co (TSE:7427) 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.

Echo Trading Co's Inventory Turnover for the three months ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	24585.75	/	3668.6765
	=	6.70

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.

Echo Trading Co's Inventory to Revenue for the three months ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3668.6765	/	27593.402
	=	0.13

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.

Echo Trading Co Days Inventory Related Terms

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

Echo Trading Co (TSE:7427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Echo Trading Co Ltd (TSE:7427) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 No. 23 in Nishinomiya, Hyogo Prefecture Naruohama 2-chome, Nishinomiya, JPN, 663-8142

Website

http://www.echotd.co.jp

Echo Trading Co Ltd is a Japan-based company offering diversified products and services for pets. The company is engaged in specialty store business, wholesale business, product development business, education business, sales promotion business, event business, and internet business. Its specialty store business, wholesale business, and product development business are engaged in the production and distribution of pet food and pet supplies to pet home centers, supermarkets, and drug stores. Its internet business transmits information useful for pet owners and pet lives such as searching for pet-related facilities such as animal hospitals and trimming salons, and travel knowledge on pets.

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