Hodogaya Chemical Co (TSE:4112) Days Inventory : 171.99 (As of Dec. 2023)

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What is Hodogaya Chemical Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hodogaya Chemical Co's Average Total Inventories for the three months ended in Dec. 2023 was 円12,327 Mil. Hodogaya Chemical Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円6,540 Mil. Hence, Hodogaya Chemical Co's Days Inventory for the three months ended in Dec. 2023 was 171.99.

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

TSE:4112' s Days Inventory Range Over the Past 10 Years
Min: 65.31 Med: 83.58 Max: 170.22
Current: 170.22

During the past 13 years, Hodogaya Chemical Co's highest Days Inventory was 170.22. The lowest was 65.31. And the median was 83.58.

TSE:4112's Days Inventory is ranked worse than
84.91% of 1491 companies
in the Chemicals industry
Industry Median: 81.73 vs TSE:4112: 170.22

Hodogaya Chemical Co's Days Inventory increased from Dec. 2022 (164.01) to Dec. 2023 (171.99). It might indicate that Hodogaya Chemical Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hodogaya Chemical Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.53.

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. Hodogaya Chemical Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.10.

Hodogaya Chemical Co Days Inventory Historical Data

The historical data trend for Hodogaya Chemical 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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Hodogaya Chemical Co Days Inventory Chart

Hodogaya Chemical Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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91.75

100.93

111.54

132.90

146.18

Hodogaya Chemical 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															164.01	156.99	170.13	176.55	171.99

Competitive Comparison of Hodogaya Chemical Co's Days Inventory

For the Specialty Chemicals subindustry, Hodogaya Chemical 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.

Hodogaya Chemical Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hodogaya Chemical Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hodogaya Chemical Co's Days Inventory falls into.

Hodogaya Chemical Co Days Inventory Calculation

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

Hodogaya Chemical 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
=	( (9326	+	12024)	/	2 )	/	26655	*	365
=	10675					/	26655	*	365
=	146.18

Hodogaya Chemical 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
=	( (12249	+	12405)	/	2 )	/	6540	*	365 / 4
=	12327					/	6540	*	365 / 4
=	171.99

Hodogaya Chemical Co (TSE:4112) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6540	/	12327
	=	0.53

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12327	/	11191
	=	1.10

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.

Hodogaya Chemical Co Days Inventory Related Terms

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Hodogaya Chemical Co (TSE:4112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hodogaya Chemical Co Ltd (TSE:4112) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Davinci Shiba Park Bldg, B-11th floor, 2-4-1 Shiba koen, Minato-ku, Tokyo, JPN, 105-0011

Website

http://www.hodogaya.co.jp

Hodogaya Chemical Co Ltd manufactures and sells functional colorants, specialty polymers, basic chemicals, and agro-science products in Japan. The firm's product includes imaging materials, dyes, colors, food additives, and organic light emitting diode materials. The Functional Polymers unit consists of urethane and cement-based construction and civil engineering materials, polyol, and basic raw materials for general chemistry industry. Basic Chemicals handles production of hydrogen peroxide. Agro-Science unit deals with herbicides, pesticides, and growth control agents for crop fields, golf courses, and green areas. Logistic services include warehousing, cargo transport, and commissioned research businesses.

Hodogaya Chemical Co (TSE:4112) Headlines

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