Toa Road (TSE:1882) Days Inventory : 23.01 (As of Dec. 2023)

View and export this data going back to 1961. Start your Free Trial

What is Toa Road Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Toa Road's Average Total Inventories for the three months ended in Dec. 2023 was 円7,295 Mil. Toa Road's Cost of Goods Sold for the three months ended in Dec. 2023 was 円28,928 Mil. Hence, Toa Road's Days Inventory for the three months ended in Dec. 2023 was 23.01.

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

TSE:1882' s Days Inventory Range Over the Past 10 Years
Min: 15.28 Med: 33.7 Max: 44.04
Current: 22.67

During the past 13 years, Toa Road's highest Days Inventory was 44.04. The lowest was 15.28. And the median was 33.70.

TSE:1882's Days Inventory is ranked better than
65.06% of 1394 companies
in the Construction industry
Industry Median: 48.575 vs TSE:1882: 22.67

Toa Road's Days Inventory increased from Dec. 2022 (20.05) to Dec. 2023 (23.01). It might indicate that Toa Road's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Toa Road's Inventory Turnover for the three months ended in Dec. 2023 was 3.97.

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. Toa Road's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.22.

Toa Road Days Inventory Historical Data

The historical data trend for Toa Road'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.

* Premium members only.

Toa Road Days Inventory Chart

Toa Road Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

44.04

41.01

33.76

21.11

15.28

Toa Road 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															20.05	17.86	24.16	23.39	23.01

Competitive Comparison of Toa Road's Days Inventory

For the Engineering & Construction subindustry, Toa Road'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.

Toa Road's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Toa Road's Days Inventory distribution charts can be found below:

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

Toa Road Days Inventory Calculation

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

Toa Road'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
=	( (4249	+	4657)	/	2 )	/	106378	*	365
=	4453					/	106378	*	365
=	15.28

Toa Road'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
=	( (6699	+	7891)	/	2 )	/	28928	*	365 / 4
=	7295					/	28928	*	365 / 4
=	23.01

Toa Road (TSE:1882) 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.

Toa Road's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	28928	/	7295
	=	3.97

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.

Toa Road's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7295	/	32492
	=	0.22

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.

Toa Road Days Inventory Related Terms

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

Toa Road (TSE:1882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Toa Road Corp (TSE:1882) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-3-7 Roppongi, Tokyo, Minato City, JPN, 106-0032

Website

https://www.toadoro.co.jp

Toa Road Corp provides construction services. It is focused on constructing road networks and transportation infrastructure including expressways and national roads. The company also develops and sells asphalt products and provides environmental solutions and consultancy services like road maintenance plans that integrate pavement maintenance techniques with asset management.

Toa Road (TSE:1882) Headlines

No Headlines