Ray (TSE:4317) Days Inventory: 35.94 (As of Feb. 2026) — 139% Above Median

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TSE:4317 Ray Corp TSE:4317
75 GF Score
Price 円570.00
GF Value 円557.80
Valuation Fairly Valued
View Full Analysis

What is Ray Days Inventory?

Ray TSE:4317 75 Days Inventory is 35.94 as of Feb. 2026, which is 139% above its 10-year median of 15.06. GuruFocus rates TSE:4317 with a GF Score™ of 75/100 and a GF Value™ of 円557.80 (Fairly Valued). Among 663 Media - Diversified companies, Ray ranks better than 50.53% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Ray's Average Total Inventories for the three months ended in Feb. 2026 was 円828 Mil. Ray's Cost of Goods Sold for the three months ended in Feb. 2026 was 円2,102 Mil. Hence, Ray's Days Inventory for the three months ended in Feb. 2026 was 35.94.

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

TSE:4317' s Days Inventory Range Over the Past 10 Years
Min: 10.02   Med: 15.06   Max: 29.91
Current: 26

During the past 13 years, Ray's highest Days Inventory was 29.91. The lowest was 10.02. And the median was 15.06.

TSE:4317's Days Inventory is ranked better than
50.53% of 663 companies
in the Media - Diversified industry
Industry Median: 26.73 vs TSE:4317: 26.00

Ray's Days Inventory increased from Feb. 2025 (0.00) to Feb. 2026 (35.94). It might indicate that Ray's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ray's Inventory Turnover for the three months ended in Feb. 2026 was 2.54.

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. Ray's Inventory-to-Revenue for the three months ended in Feb. 2026 was 0.25.


Ray  (TSE:4317) 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.

Ray's Inventory Turnover for the three months ended in Feb. 2026 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.

Ray's Inventory to Revenue for the three months ended in Feb. 2026 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.


Ray Days Inventory Related Terms


Ray Days Inventory Historical Data

* Premium members only.

The historical data trend for Ray'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.

Ray Days Inventory Chart

Ray Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.36 10.02 11.69 18.13 29.91

Ray Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 19.85 30.25 22.40 35.94 25.94

TSE:4317 vs NFLX, DIS, WBD: Days Inventory Comparison

For the Entertainment subindustry, Ray'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.


Ray Days Inventory vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ray's Days Inventory distribution charts can be found below:

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


TSE:4317
75GF Score
Ray Corp TSE:4317
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ray Days Inventory Calculation

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

Ray's Days Inventory for the fiscal year that ended in Feb. 2026 is calculated as

Days Inventory (A: Feb. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Feb. 2025 ) + Total Inventories (A: Feb. 2026 )) / count ) / Cost of Goods Sold (A: Feb. 2026 )*Days in Period
=( (423.605 + 965.876) / 2 ) / 8476.97*365
=694.7405 / 8476.97*365
=29.91

Ray's Days Inventory for the quarter that ended in Feb. 2026 is calculated as:

Days Inventory (Q: Feb. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Nov. 2025 ) + Total Inventories (Q: Feb. 2026 )) / count ) / Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=( (690.355 + 965.876) / 2 ) / 2102.276*365 / 4
=828.1155 / 2102.276*365 / 4
=35.94

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 35.94 mean?
Ray (TSE:4317) has a Days Inventory of 35.94 as of Feb. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ray and its competitors. This is 139% above median its historical median of 15.06. Over the past decade, Ray's Days Inventory has ranged from 10.02 to 29.91. According to the industry distribution chart, Ray ranks #328 out of 663 companies in the Media - Diversified industry, placing it in the top 49.5%.
Is Ray's Days Inventory too high?
Ray's current Days Inventory of 35.94 is 139% above median its 10-year median of 15.06. Over the past 10 years, this metric has ranged from a low of 10.02 to a high of 29.91. The Media - Diversified industry median Days Inventory is 26.73. Ray's value of 35.94 is 34.5% above this industry median. Based on the distribution chart, Ray ranks #328 out of 663 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Ray has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ray's Days Inventory compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Ray ranks #328 out of 663 companies for Days Inventory. This puts Ray in the upper half of its industry. The industry median Days Inventory is 26.73. Ray's value of 35.94 is 34.5% above this benchmark. Historically, Ray's own Days Inventory has ranged from 10.02 to 29.91 over the past decade. While the company's 10-year median is 15.06 vs. the industry median of 26.73, Ray has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Media - Diversified company?
The median Days Inventory among Media - Diversified companies is 26.73, based on 663 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ray's current Days Inventory of 35.94 is 34.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ray and its competitors. For the Media - Diversified industry, the median Days Inventory is 26.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray's current Days Inventory is 35.94, which is 139% above median its own 10-year median of 15.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray stock overvalued right now?
Based on GuruFocus' analysis, Ray (TSE:4317) is currently considered Fairly Valued. The stock's GF Value™ is 円557.80, compared to a current price of 円570.00 — trading 2.2% above its estimated fair value. The current Days Inventory is 35.94, which is 139% above median its 10-year median of 15.06 and 34.5% above the Media - Diversified industry median of 26.73. Ray's overall GF Score™ is 75/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Ray (TSE:4317), the current Days Inventory is 35.94 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ray (TSE:4317) Overvalued in 2026?

Based on GuruFocus' analysis, Ray stock appears to be overvalued. The current stock price of 円570.00 is trading 2.2% above its estimated GF Value™ of 円557.80. GuruFocus considers Ray to be Fairly Valued.

Key valuation signals for TSE:4317:

  • Days Inventory: 35.94 (139% above median its 10-year median of 15.06)
  • GF Value™: 円557.80 vs. price of 円570.00 (2.2% above fair value)
  • GF Score™: 75/100
  • Industry Position: 34.5% above the Media - Diversified median (#328 of 663)

No single metric tells the full story. See the TSE:4317 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ray Business Description

Address 6-15-21 Roppongi, Hakus Roppongi Building, Minato-ku, Tokyo, JPN, 106-0032
Ray Corp is a Japan-based advertising company that operates in two business segments. The Advertising Solution segment has two divisions: the SP and event division, which handles planning and production of sales promotions, campaigns, expos, and showrooms; and the TVCM division, which creates TV commercials and promotional videos. The Technical Solution segment includes a video equipment rental division for events and business presentations, and a post-production division offering video editing, DVD/Blu-ray, and CG production services.
75GF Score

Get the complete analysis for TSE:4317

Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円570.00
Price
円557.80
GF Value