LY (TSE:4689) Days Inventory: 20.88 (As of Mar. 2026) — 10% Above Median

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TSE:4689 LY Corp TSE:4689
84 GF Score
Price 円447.40
GF Value 円488.50
Valuation Fairly Valued
! 6 Warning Signs
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What is LY Days Inventory?

LY TSE:4689 -1.67% 84 Days Inventory is 20.88 as of Mar. 2026, which is 10% above its 10-year median of 19.04. GuruFocus rates TSE:4689 with a GF Score™ of 84/100 and a GF Value™ of 円488.50 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,089 Retail - Cyclical companies, LY ranks better than 88.89% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). LY's Average Total Inventories for the three months ended in Mar. 2026 was 円33,955 Mil. LY's Cost of Goods Sold for the three months ended in Mar. 2026 was 円148,353 Mil. Hence, LY's Days Inventory for the three months ended in Mar. 2026 was 20.88.

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

TSE:4689' s Days Inventory Range Over the Past 10 Years
Min: 14.29   Med: 19.04   Max: 23.55
Current: 23.55

During the past 13 years, LY's highest Days Inventory was 23.55. The lowest was 14.29. And the median was 19.04.

TSE:4689's Days Inventory is ranked better than
88.89% of 1089 companies
in the Retail - Cyclical industry
Industry Median: 105.43 vs TSE:4689: 23.55

LY's Days Inventory declined from Mar. 2025 (22.78) to Mar. 2026 (20.88).

Inventory Turnover measures how fast the company turns over its inventory within a year. LY's Inventory Turnover for the three months ended in Mar. 2026 was 4.37.

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. LY's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.06.


LY  (TSE:4689) 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.

LY's Inventory Turnover for the three months ended in Mar. 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.

LY's Inventory to Revenue for the three months ended in Mar. 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.


LY Days Inventory Related Terms


LY Days Inventory Historical Data

* Premium members only.

The historical data trend for LY'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.

LY Days Inventory Chart

LY Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.85 20.84 23.40 23.25 22.30

LY Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 22.78 22.89 23.54 29.47 20.88

TSE:4689 vs AMZN, BABA, PDD: Days Inventory Comparison

For the Internet Retail subindustry, LY'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.


LY Days Inventory vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, LY's Days Inventory distribution charts can be found below:

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


TSE:4689
84GF Score
LY Corp TSE:4689
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LY Days Inventory Calculation

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

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

Days Inventory (A: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (32436 + 32335) / 2 ) / 530095*365
=32385.5 / 530095*365
=22.30

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

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (35574 + 32335) / 2 ) / 148353*365 / 4
=33954.5 / 148353*365 / 4
=20.88

* 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 20.88 mean?
LY (TSE:4689) has a Days Inventory of 20.88 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on LY and its competitors. This is 10% above median its historical median of 19.04. Over the past decade, LY's Days Inventory has ranged from 14.29 to 23.55. According to the industry distribution chart, LY ranks #121 out of 1089 companies in the Retail - Cyclical industry, placing it in the top 11.1%.
Is LY's Days Inventory too high?
LY's current Days Inventory of 20.88 is 10% above median its 10-year median of 19.04. Over the past 10 years, this metric has ranged from a low of 14.29 to a high of 23.55. The Retail - Cyclical industry median Days Inventory is 105.43. LY's value of 20.88 is 80.2% below this industry median. Based on the distribution chart, LY ranks #121 out of 1089 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, LY has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LY's Days Inventory compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, LY ranks #121 out of 1089 companies for Days Inventory. This places LY in the top 11% of its industry — outperforming the majority of peers. The industry median Days Inventory is 105.43. LY's value of 20.88 is 80.2% below this benchmark. Historically, LY's own Days Inventory has ranged from 14.29 to 23.55 over the past decade. While the company's 10-year median is 19.04 vs. the industry median of 105.43, LY has consistently been below 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 Retail - Cyclical company?
The median Days Inventory among Retail - Cyclical companies is 105.43, based on 1,089 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. LY's current Days Inventory of 20.88 is 80.2% below 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 LY and its competitors. For the Retail - Cyclical industry, the median Days Inventory is 105.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LY's current Days Inventory is 20.88, which is 10% above median its own 10-year median of 19.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LY stock overvalued right now?
Based on GuruFocus' analysis, LY (TSE:4689) is currently considered Fairly Valued. The stock's GF Value™ is 円488.50, compared to a current price of 円447.40 — trading 8.4% below its estimated fair value. The current Days Inventory is 20.88, which is 10% above median its 10-year median of 19.04 and 80.2% below the Retail - Cyclical industry median of 105.43. LY's overall GF Score™ is 84/100 with 6 warning signs to review. 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 LY (TSE:4689), the current Days Inventory is 20.88 as of Mar. 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 LY (TSE:4689) Overvalued in 2026?

Based on GuruFocus' analysis, LY stock appears to be undervalued. The current stock price of 円447.40 is trading 8.4% below its estimated GF Value™ of 円488.50. GuruFocus considers LY to be Fairly Valued.

Key valuation signals for TSE:4689:

  • Days Inventory: 20.88 (10% above median its 10-year median of 19.04)
  • GF Value™: 円488.50 vs. price of 円447.40 (8.4% below fair value)
  • GF Score™: 84/100 with 6 warning signs
  • Industry Position: 80.2% below the Retail - Cyclical median (#121 of 1089)

No single metric tells the full story. See the TSE:4689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LY Business Description

Address Tokyo Kioicho Kioi Tower, 1-3 Kioicho Chiyoda Ward, Tokyo Garden Terrace, Tokyo, JPN, 102 - 8282
LY is a leading Japanese internet services conglomerate. Its main services are Yahoo Japan, the oldest portal site in Japan that offers a wide variety of services, such as news, e-commerce, financial information, and Line, a national messenger application. In 2019, the company acquired Zozo, a leading online apparel retailer, to grow its e-commerce business. In 2022, LY consolidated with its wholly owned subsidiary PayPay, the most popular QR code payment service in Japan.
84GF Score

Get the complete analysis for TSE:4689

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

円447.40
Price
円488.50
GF Value