Giken Holdings Co (TSE:1443) Days Inventory : 49.03 (As of Dec. 2023)

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What is Giken Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Giken Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was 円517 Mil. Giken Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円962 Mil. Hence, Giken Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 49.03.

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

TSE:1443' s Days Inventory Range Over the Past 10 Years
Min: 5.02 Med: 9.21 Max: 40.33
Current: 40.33

During the past 6 years, Giken Holdings Co's highest Days Inventory was 40.33. The lowest was 5.02. And the median was 9.21.

TSE:1443's Days Inventory is ranked better than
54.6% of 1392 companies
in the Construction industry
Industry Median: 49.255 vs TSE:1443: 40.33

Giken Holdings Co's Days Inventory increased from Dec. 2022 (31.04) to Dec. 2023 (49.03). It might indicate that Giken Holdings Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Giken Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.86.

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. Giken Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.40.

Giken Holdings Co Days Inventory Historical Data

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

Giken Holdings Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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5.93

5.26

12.49

22.30

33.70

Giken Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															31.04	36.30	35.31	39.92	49.03

Competitive Comparison of Giken Holdings Co's Days Inventory

For the Engineering & Construction subindustry, Giken 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.

Giken Holdings Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Giken Holdings Co's Days Inventory distribution charts can be found below:

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

Giken Holdings Co Days Inventory Calculation

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

Giken Holdings Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (390.078	+	397.537)	/	2 )	/	4265.564	*	365
=	393.8075					/	4265.564	*	365
=	33.70

Giken 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
=	( (515.287	+	518.54)	/	2 )	/	962.111	*	365 / 4
=	516.9135					/	962.111	*	365 / 4
=	49.03

Giken Holdings Co (TSE:1443) 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.

Giken 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
	=	962.111	/	516.9135
	=	1.86

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	516.9135	/	1300.234
	=	0.40

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.

Giken Holdings Co Days Inventory Related Terms

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

Giken Holdings Co (TSE:1443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Giken Holdings Co Ltd (TSE:1443) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-2, Asagayaminami, Suginami-ku, Tokyo, JPN, 166-0004

Website

http://www.giken-hd.co.jp

Giken Holdings Co Ltd is engaged in the business management of subsidiaries and other industries involved in civil engineering related business, construction, and formwork lending-related business.

Giken Holdings Co (TSE:1443) Headlines

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