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ANA Holdings (TSE:9202) Days Inventory

: 12.16 (As of Dec. 2023)
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Days Inventory is also known as Days Sales of Inventory (DSI). ANA Holdings's Average Total Inventories for the three months ended in Dec. 2023 was 円54,838 Mil. ANA Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円411,589 Mil. Hence, ANA Holdings's Days Inventory for the three months ended in Dec. 2023 was 12.16.

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

TSE:9202' s Days Inventory Range Over the Past 10 Years
Min: 11.54   Med: 16.39   Max: 19.38
Current: 11.77

During the past 13 years, ANA Holdings's highest Days Inventory was 19.38. The lowest was 11.54. And the median was 16.39.

TSE:9202's Days Inventory is ranked worse than
51.02% of 784 companies
in the Transportation industry
Industry Median: 11.58 vs TSE:9202: 11.77

ANA Holdings's Days Inventory declined from Dec. 2022 (12.51) to Dec. 2023 (12.16).

Inventory Turnover measures how fast the company turns over its inventory within a year. ANA Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 7.51.

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. ANA Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.10.


ANA Holdings Days Inventory Historical Data

The historical data trend for ANA Holdings'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.

ANA Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.58 14.92 19.38 14.42 11.54

ANA Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory 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 Premium Member Only Premium Member Only Premium Member Only 12.51 11.45 11.43 11.51 12.16

Competitive Comparison

For the Airlines subindustry, ANA Holdings'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.


ANA Holdings Days Inventory Distribution

For the Transportation industry and Industrials sector, ANA Holdings's Days Inventory distribution charts can be found below:

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



ANA Holdings Days Inventory Calculation

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

ANA Holdings'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
=( (44074 + 44655) / 2 ) / 1403567*365
=44364.5 / 1403567*365
=11.54

ANA Holdings'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
=( (54210 + 55466) / 2 ) / 411589*365 / 4
=54838 / 411589*365 / 4
=12.16

* 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.


ANA Holdings  (TSE:9202) 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.

ANA Holdings'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.

ANA Holdings'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.


ANA Holdings Days Inventory Related Terms

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


ANA Holdings (TSE:9202) Business Description

Traded in Other Exchanges
Address
Shiodome-City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, JPN, 105-7140
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. In February 2024, it will launch Air Japan to provide discount airline services to Southeast Asia. Pre-COVID-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.

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