Sumitomo Forestry Co (TSE:1911) Days Inventory : 175.58 (As of Dec. 2023)

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What is Sumitomo Forestry Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sumitomo Forestry Co's Average Total Inventories for the three months ended in Dec. 2023 was 円719,265 Mil. Sumitomo Forestry Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円373,814 Mil. Hence, Sumitomo Forestry Co's Days Inventory for the three months ended in Dec. 2023 was 175.58.

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

TSE:1911' s Days Inventory Range Over the Past 10 Years
Min: 38.45 Med: 84.24 Max: 181.52
Current: 181.52

During the past 13 years, Sumitomo Forestry Co's highest Days Inventory was 181.52. The lowest was 38.45. And the median was 84.24.

TSE:1911's Days Inventory is ranked better than
68.04% of 97 companies
in the Homebuilding & Construction industry
Industry Median: 325.77 vs TSE:1911: 181.52

Sumitomo Forestry Co's Days Inventory increased from Dec. 2022 (160.23) to Dec. 2023 (175.58). It might indicate that Sumitomo Forestry Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sumitomo Forestry Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.52.

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. Sumitomo Forestry Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.44.

Sumitomo Forestry Co Days Inventory Historical Data

The historical data trend for Sumitomo Forestry 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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Sumitomo Forestry Co Days Inventory Chart

Sumitomo Forestry Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Days Inventory

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91.56

124.77

124.76

146.83

178.99

Sumitomo Forestry 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															185.79	170.38	198.96	175.58	187.44

Competitive Comparison of Sumitomo Forestry Co's Days Inventory

For the Residential Construction subindustry, Sumitomo Forestry 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.

Sumitomo Forestry Co's Days Inventory Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Sumitomo Forestry Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sumitomo Forestry Co's Days Inventory falls into.

Sumitomo Forestry Co Days Inventory Calculation

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

Sumitomo Forestry Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (594573	+	704306)	/	2 )	/	1324339	*	365
=	649439.5					/	1324339	*	365
=	178.99

Sumitomo Forestry 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
=	( (734224	+	704306)	/	2 )	/	373814	*	365 / 4
=	719265					/	373814	*	365 / 4
=	175.58

Sumitomo Forestry Co (TSE:1911) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	373814	/	719265
	=	0.52

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	719265	/	500285
	=	1.44

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.

Sumitomo Forestry Co Days Inventory Related Terms

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

Sumitomo Forestry Co (TSE:1911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Sumitomo Forestry Co Ltd (TSE:1911) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

5F6:Germany

Address

Keidanren Kaikan, 3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8270

Website

http://sfc.jp

Sumitomo Forestry Co Ltd is a diversified Japanese company that focuses on timber and building materials as well as residential construction. The company's timber business is one of Japan's leading suppliers of timber and also provides building and structural materials such as flooring and doors. It constructs custom-built single-family housing projects around Japan that use the company's timber materials and design. These two business units provide the majority of the company's revenue. Sumitomo Forestry operates timber and exporting businesses in Southeast Asia, Australia, and North America. It is also involved in forestry management, as it owns forests around Japan and Southeast Asia.

Sumitomo Forestry Co (TSE:1911) Headlines

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