Toho Holdings Co (FRA:TON) Days Inventory : 23.48 (As of Dec. 2023)

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What is Toho Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Toho Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was €581 Mil. Toho Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was €2,260 Mil. Hence, Toho Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 23.48.

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

FRA:TON' s Days Inventory Range Over the Past 10 Years
Min: 22.91 Med: 24.53 Max: 26.73
Current: 24.16

During the past 13 years, Toho Holdings Co's highest Days Inventory was 26.73. The lowest was 22.91. And the median was 24.53.

FRA:TON's Days Inventory is ranked better than
83.87% of 93 companies
in the Medical Distribution industry
Industry Median: 61.07 vs FRA:TON: 24.16

Toho Holdings Co's Days Inventory increased from Dec. 2022 (23.35) to Dec. 2023 (23.48). It might indicate that Toho Holdings Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Toho Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 3.89.

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. Toho Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.24.

Toho Holdings Co Days Inventory Historical Data

The historical data trend for Toho Holdings 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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Toho Holdings Co Days Inventory Chart

Toho Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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23.86

26.07

24.83

25.64

25.72

Toho Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															28.26	26.09	23.04	23.48	26.07

Competitive Comparison of Toho Holdings Co's Days Inventory

For the Medical Distribution subindustry, Toho Holdings 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.

Toho Holdings Co's Days Inventory Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Toho Holdings Co's Days Inventory distribution charts can be found below:

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

Toho Holdings Co Days Inventory Calculation

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

Toho Holdings 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
=	( (638.832	+	536.008)	/	2 )	/	8336.474	*	365
=	587.42					/	8336.474	*	365
=	25.72

Toho Holdings Co'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
=	( (560.4	+	602.438)	/	2 )	/	2259.919	*	365 / 4
=	581.419					/	2259.919	*	365 / 4
=	23.48

Toho Holdings Co (FRA:TON) 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.

Toho Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2259.919	/	581.419
	=	3.89

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.

Toho Holdings Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	581.419	/	2450.125
	=	0.24

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.

Toho Holdings Co Days Inventory Related Terms

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

Toho Holdings Co (FRA:TON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Toho Holdings Co Ltd (FRA:TON) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

8129:Japan

Address

5-2-1, Daizawa, Setagaya-ku, Tokyo, JPN, 155-8655

Website

http://www.tohohd.co.jp

Toho Holdings Co., Ltd. is a specialty and generic drug manufacturing company. The company's business includes pharmaceutical wholesaling and pharmacy dispensing. Toho also maintains a site-management organization business that assists a variety of medical establishments, ranging from large medical institutions to private clinics with a wide range of clinical trials under contract. The company supports medical institutions suitable for respective trials to improve the quality and speed of clinical trials. Toho generates additional revenue through software sales to medical institutions.

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