Daiki Aluminium Industry Co (FRA:7YB) Days Inventory : 65.77 (As of Mar. 2024)

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What is Daiki Aluminium Industry Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Daiki Aluminium Industry Co's Average Total Inventories for the three months ended in Mar. 2024 was €255 Mil. Daiki Aluminium Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €353 Mil. Hence, Daiki Aluminium Industry Co's Days Inventory for the three months ended in Mar. 2024 was 65.77.

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

FRA:7YB' s Days Inventory Range Over the Past 10 Years
Min: 41.25 Med: 44.99 Max: 62.02
Current: 60

During the past 13 years, Daiki Aluminium Industry Co's highest Days Inventory was 62.02. The lowest was 41.25. And the median was 44.99.

FRA:7YB's Days Inventory is ranked better than
67.62% of 661 companies
in the Metals & Mining industry
Industry Median: 86.88 vs FRA:7YB: 60.00

Daiki Aluminium Industry Co's Days Inventory declined from Mar. 2023 (68.15) to Mar. 2024 (65.77).

Inventory Turnover measures how fast the company turns over its inventory within a year. Daiki Aluminium Industry Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.39.

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. Daiki Aluminium Industry Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.68.

Daiki Aluminium Industry Co Days Inventory Historical Data

The historical data trend for Daiki Aluminium Industry 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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Daiki Aluminium Industry Co Days Inventory Chart

Daiki Aluminium Industry Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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44.97

61.25

61.49

65.24

61.67

Daiki Aluminium Industry Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial															64.81	59.95	57.35	65.77	63.84

Competitive Comparison of Daiki Aluminium Industry Co's Days Inventory

For the Aluminum subindustry, Daiki Aluminium Industry 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.

Daiki Aluminium Industry Co's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Daiki Aluminium Industry Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Daiki Aluminium Industry Co's Days Inventory falls into.

Daiki Aluminium Industry Co Days Inventory Calculation

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

Daiki Aluminium Industry Co's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (272.092	+	245.931)	/	2 )	/	1533.003	*	365
=	259.0115					/	1533.003	*	365
=	61.67

Daiki Aluminium Industry Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (263.671	+	245.931)	/	2 )	/	353.487	*	365 / 4
=	254.801					/	353.487	*	365 / 4
=	65.77

Daiki Aluminium Industry Co (FRA:7YB) 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.

Daiki Aluminium Industry Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	353.487	/	254.801
	=	1.39

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.

Daiki Aluminium Industry Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	254.801	/	373.266
	=	0.68

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.

Daiki Aluminium Industry Co Days Inventory Related Terms

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

Daiki Aluminium Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Daiki Aluminium Industry Co Ltd (FRA:7YB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

5702:Japan

Address

Nichiei Bldg., 4-8, 1-chome, Tosabori, Nishi-ku, Osaka, JPN, 5500001

Website

http://www.dik-net.com

Daiki Aluminium Industry Co., Ltd. engages in the manufacture and sale of secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling. The company offers secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling; secondary aluminum ingots for roll products; and aluminum mother alloy ingots. It is also involved in the design, construction, and repair of aluminum smelting furnaces; trading of aluminum ingots and aluminum scrap; and processing of turnings, dross, and defective products arising from sources, such as die-cast and cast metal manufacturers.

Daiki Aluminium Industry Co Headlines

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