Days Inventory is also known as Days Sales of Inventory (DSI). Aichi Steel's Average Total Inventories for the
three
months ended in Mar. 2024 was €330 Mil. Aichi Steel's Cost of Goods Sold for the
three
months ended in Mar. 2024 was €377 Mil.
Hence, Aichi Steel's Days Inventory for the
three
months ended in Mar. 2024 was 80.04.
The historical rank and industry rank for Aichi Steel's Days Inventory or its related term are showing as below:
FRA:8T2'
s Days Inventory Range Over the Past 10 Years
Min: 60.59 Med: 65.58 Max: 76.98
Current: 76.64
During the past 13 years, Aichi Steel's highest Days Inventory was 76.98. The lowest was 60.59. And the median was 65.58.
FRA:8T2's Days Inventory is ranked better than 57.56% of 589
companies
in the Steel industry
Industry Median: 87.88
vs FRA:8T2: 76.64
Aichi Steel's Days Inventory
increased
from Mar. 2023 (75.70) to Mar. 2024 (80.04).
It might indicate that Aichi Steel's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Aichi Steel's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.14.
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.
Aichi Steel's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.77.
Aichi Steel Days Inventory Historical Data
The historical data trend for Aichi 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.
Competitive Comparison of Aichi Steel's Days Inventory
For the Steel subindustry, Aichi 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.
Aichi Steel's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Aichi Steel's Days Inventory distribution charts can be found below:
* The bar in red indicates where Aichi Steel's Days Inventory falls into.
Aichi Steel Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Aichi Steel's Days Inventory for the fiscal year that ended in Mar. 2024 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.
Aichi Steel (FRA:8T2) 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.
Aichi Steel's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Aichi Steel's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Aichi Steel Days Inventory Related Terms
Thank you for viewing the detailed overview of Aichi Steel's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Aichi Steel Corp is a Japan-based company that manufactures and sells steel, forged products and electro-magnetic products. The company operates through four segments. The steel segment manufactures and sells specialty steel, stainless steel, and titanium. The forged product segment produces a wide variety of forgings. The electromagnetic products segment manufactures electromagnetic components. The steel and forged products segments are the two biggest segments, representing the majority of Aichi Steel's sales. Aichi Steel is a member of Toyota Group. Toyota Motor and Toyota Tsusho are its major customers. The company generates most of its revenue from the Japanese domestic market.
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