ITOCY (ITOCHU) Days Inventory : 42.71 (As of Sep. 2024)

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What is ITOCHU Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ITOCHU's Average Total Inventories for the three months ended in Sep. 2024 was $10,198 Mil. ITOCHU's Cost of Goods Sold for the three months ended in Sep. 2024 was $21,787 Mil. Hence, ITOCHU's Days Inventory for the three months ended in Sep. 2024 was 42.71.

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

ITOCY' s Days Inventory Range Over the Past 10 Years
Min: 32.87 Med: 40.47 Max: 72.73
Current: 42.47

During the past 13 years, ITOCHU's highest Days Inventory was 72.73. The lowest was 32.87. And the median was 40.47.

ITOCY's Days Inventory is ranked better than
68.83% of 478 companies
in the Conglomerates industry
Industry Median: 74.36 vs ITOCY: 42.47

ITOCHU's Days Inventory declined from Sep. 2023 (43.17) to Sep. 2024 (42.71).

Inventory Turnover measures how fast the company turns over its inventory within a year. ITOCHU's Inventory Turnover for the three months ended in Sep. 2024 was 2.14.

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. ITOCHU's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.39.

ITOCHU Days Inventory Historical Data

The historical data trend for ITOCHU'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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ITOCHU Days Inventory Chart

ITOCHU Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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36.95

39.55

36.26

38.91

44.01

ITOCHU Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															43.17	41.40	44.69	44.15	42.71

Competitive Comparison of ITOCHU's Days Inventory

For the Conglomerates subindustry, ITOCHU'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.

ITOCHU's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, ITOCHU's Days Inventory distribution charts can be found below:

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

ITOCHU Days Inventory Calculation

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

ITOCHU'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
=	( (9762.831	+	9225.583)	/	2 )	/	78745.563	*	365
=	9494.207					/	78745.563	*	365
=	44.01

ITOCHU's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	10197.532)	/	1 )	/	21786.673	*	365 / 4
=	10197.532					/	21786.673	*	365 / 4
=	42.71

ITOCHU (OTCPK:ITOCY) 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.

ITOCHU's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21786.673	/	10197.532
	=	2.14

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.

ITOCHU's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10197.532	/	25829.211
	=	0.39

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.

ITOCHU Days Inventory Related Terms

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

ITOCHU Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ITOCHU Corp (OTCPK:ITOCY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ITOCF:USA 8001:Japan IOC:Germany

Address

5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8077

Website

https://www.itochu.co.jp

ITOCHU Corp is a group of businesses that engage in importing, exporting, and trading various products. The traded goods include textiles, machinery, metals, minerals, energy, chemicals, food, general products, realty, and information and communications technology. The largest segments by net profit to the group are Food; Energy and Chemicals. The Food segment pursues efficiency-oriented operations from production and distribution to retail in all areas of food from raw materials to finished products both in Japan and overseas. The energy and chemicals segment trades crude oil and oil derivatives and chemicals.