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Cluster Technology Co (TSE:4240) Days Inventory : 108.65 (As of Dec. 2023)


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What is Cluster Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cluster Technology Co's Average Total Inventories for the three months ended in Dec. 2023 was 円146.3 Mil. Cluster Technology Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円122.9 Mil. Hence, Cluster Technology Co's Days Inventory for the three months ended in Dec. 2023 was 108.65.

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

TSE:4240' s Days Inventory Range Over the Past 10 Years
Min: 51.45   Med: 65.21   Max: 96.82
Current: 96.82

During the past 13 years, Cluster Technology Co's highest Days Inventory was 96.82. The lowest was 51.45. And the median was 65.21.

TSE:4240's Days Inventory is ranked better than
53.53% of 2408 companies
in the Hardware industry
Industry Median: 102.555 vs TSE:4240: 96.82

Cluster Technology Co's Days Inventory increased from Dec. 2022 (86.43) to Dec. 2023 (108.65). It might indicate that Cluster Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cluster Technology Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.84.

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. Cluster Technology Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.68.


Cluster Technology Co Days Inventory Historical Data

The historical data trend for Cluster Technology 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.

* Premium members only.

Cluster Technology Co Days Inventory Chart

Cluster Technology Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.49 64.28 74.94 64.65 72.73

Cluster Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.43 74.15 110.98 96.66 108.65

Competitive Comparison of Cluster Technology Co's Days Inventory

For the Electronic Components subindustry, Cluster Technology 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.


Cluster Technology Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cluster Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cluster Technology Co's Days Inventory falls into.



Cluster Technology Co Days Inventory Calculation

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

Cluster Technology 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
=( (99.997 + 121.72) / 2 ) / 556.359*365
=110.8585 / 556.359*365
=72.73

Cluster Technology 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
=( (135.435 + 157.193) / 2 ) / 122.88*365 / 4
=146.314 / 122.88*365 / 4
=108.65

* 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.


Cluster Technology Co  (TSE:4240) 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.

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

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.

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

* 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.


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.


Cluster Technology Co Days Inventory Related Terms

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


Cluster Technology Co (TSE:4240) Business Description

Traded in Other Exchanges
N/A
Address
5-28, 4-chome, Shibukawa-cho Higashi Osaka, Osaka prefecture, Osaka, JPN, 577-0836
Cluster Technology Co Ltd develops and manufactures composite materials and Nano-micromachining including metal mold making. It also manufactures and sale molding dies, plastic molding materials. Its nanotechnology/microtechnology business products include sensor holders for autofocus of digital single lens reflex cameras, peripheral parts of image sensors, base parts of inkjet heads.

Cluster Technology Co (TSE:4240) Headlines

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