Daito Chemix (TSE:4366) Days Inventory : 161.12 (As of Dec. 2023)

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What is Daito Chemix Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Daito Chemix's Average Total Inventories for the three months ended in Dec. 2023 was 円5,915 Mil. Daito Chemix's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,350 Mil. Hence, Daito Chemix's Days Inventory for the three months ended in Dec. 2023 was 161.12.

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

TSE:4366' s Days Inventory Range Over the Past 10 Years
Min: 92.73 Med: 103.08 Max: 155.14
Current: 155.14

During the past 13 years, Daito Chemix's highest Days Inventory was 155.14. The lowest was 92.73. And the median was 103.08.

TSE:4366's Days Inventory is ranked worse than
81.56% of 1491 companies
in the Chemicals industry
Industry Median: 81.73 vs TSE:4366: 155.14

Daito Chemix's Days Inventory increased from Dec. 2022 (136.61) to Dec. 2023 (161.12). It might indicate that Daito Chemix's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Daito Chemix's Inventory Turnover for the three months ended in Dec. 2023 was 0.57.

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. Daito Chemix's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.58.

Daito Chemix Days Inventory Historical Data

The historical data trend for Daito Chemix'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.

Daito Chemix Days Inventory Chart

Daito Chemix Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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126.37

130.39

111.94

98.72

125.24

Daito Chemix 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															136.61	145.07	174.16	145.53	161.12

Competitive Comparison of Daito Chemix's Days Inventory

For the Chemicals subindustry, Daito Chemix'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.

Daito Chemix's Days Inventory Distribution in the Chemicals Industry

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

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

Daito Chemix Days Inventory Calculation

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

Daito Chemix'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
=	( (3917	+	5651)	/	2 )	/	13943	*	365
=	4784					/	13943	*	365
=	125.24

Daito Chemix'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
=	( (5775	+	6055)	/	2 )	/	3350	*	365 / 4
=	5915					/	3350	*	365 / 4
=	161.12

Daito Chemix (TSE:4366) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3350	/	5915
	=	0.57

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5915	/	3736
	=	1.58

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.

Daito Chemix Days Inventory Related Terms

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

Daito Chemix (TSE:4366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Daito Chemix Corp (TSE:4366) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1-7 Matsuta-Omiya, Tsurumi-ku, Osaka, JPN

Website

http://www.daitochemix.co.jp

Daito Chemix Corporation is engaged in the manufacture and sale of photosensitive materials, printing materials, photography materials, recording materials, and pharmaceutical intermediates, as well as other chemical products in Japan.

Daito Chemix (TSE:4366) Headlines

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