Days Inventory is also known as Days Sales of Inventory (DSI). Hino Motors's Average Total Inventories for the
three
months ended in Dec. 2023 was $2,208 Mil. Hino Motors's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2,261 Mil.
Hence, Hino Motors's Days Inventory for the
three
months ended in Dec. 2023 was 89.13.
The historical rank and industry rank for Hino Motors's Days Inventory or its related term are showing as below:
HINOY'
s Days Inventory Range Over the Past 10 Years
Min: 46.75 Med: 58.56 Max: 88.74
Current: 88.74
During the past 13 years, Hino Motors's highest Days Inventory was 88.74. The lowest was 46.75. And the median was 58.56.
HINOY's Days Inventory is ranked better than 72.55% of 204
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 131.845
vs HINOY: 88.74
Hino Motors's Days Inventory
increased
from Dec. 2022 (78.30) to Dec. 2023 (89.13).
It might indicate that Hino Motors's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hino Motors's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.02.
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.
Hino Motors's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.82.
Hino Motors Days Inventory Historical Data
The historical data trend for Hino Motors'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 Hino Motors's Days Inventory
For the Farm & Heavy Construction Machinery subindustry, Hino Motors'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.
Hino Motors's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Hino Motors's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hino Motors's Days Inventory falls into.
Hino Motors Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hino Motors'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.
Hino Motors (OTCPK:HINOY) 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.
Hino Motors'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.
Hino Motors'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.
Hino Motors Days Inventory Related Terms
Thank you for viewing the detailed overview of Hino Motors's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Hino Motors Ltd is a Japanese automobile manufacturer, and a subsidiary of Toyota Motor. The company primarily manufactures and sells medium and heavy commercial vehicles, such as trucks and buses, and light commercial vehicles under the Hino brand. These operations contribute the majority of consolidated revenue. In addition, Hino manufactures passenger vehicles under the Toyota brand, along with engines and spare parts. Domestic sales represent the largest share of Hino's revenue, with Asia excluding Japan the next most significant contributor.
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