TOW Co (TSE:4767) Days Inventory : 5.23 (As of Dec. 2023)

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What is TOW Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TOW Co's Average Total Inventories for the three months ended in Dec. 2023 was 円264 Mil. TOW Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,605 Mil. Hence, TOW Co's Days Inventory for the three months ended in Dec. 2023 was 5.23.

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

TSE:4767' s Days Inventory Range Over the Past 10 Years
Min: 3.86 Med: 6.56 Max: 9.68
Current: 5.93

During the past 13 years, TOW Co's highest Days Inventory was 9.68. The lowest was 3.86. And the median was 6.56.

TSE:4767's Days Inventory is ranked better than
78.12% of 658 companies
in the Media - Diversified industry
Industry Median: 25.325 vs TSE:4767: 5.93

TOW Co's Days Inventory increased from Dec. 2022 (3.17) to Dec. 2023 (5.23). It might indicate that TOW Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TOW Co's Inventory Turnover for the three months ended in Dec. 2023 was 17.45.

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. TOW Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.05.

TOW Co Days Inventory Historical Data

The historical data trend for TOW 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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TOW Co Days Inventory Chart

TOW Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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9.68

7.42

4.32

3.86

6.75

TOW 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															3.17	4.99	7.75	7.51	5.23

Competitive Comparison of TOW Co's Days Inventory

For the Advertising Agencies subindustry, TOW 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.

TOW Co's Days Inventory Distribution in the Media - Diversified Industry

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

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

TOW Co Days Inventory Calculation

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

TOW Co's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (131.409	+	233.944)	/	2 )	/	9873.781	*	365
=	182.6765					/	9873.781	*	365
=	6.75

TOW 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
=	( (292.725	+	235.095)	/	2 )	/	4605.1	*	365 / 4
=	263.91					/	4605.1	*	365 / 4
=	5.23

TOW Co (TSE:4767) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4605.1	/	263.91
	=	17.45

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	263.91	/	5770.122
	=	0.05

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.

TOW Co Days Inventory Related Terms

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

TOW Co (TSE:4767) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TOW Co Ltd (TSE:4767) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chome No. 3 No. 13 Hulic Kamiyacho building 3 Floor, Toranomon, Minato-ku, Tokyo, JPN, 105-0001

Website

http://www.tow.co.jp

TOW Co Ltd is a Japan-based company mainly engaged in the management, production, and planning of events. It also provides promotions and public relation services to the companies. The company has operations in Japan and overseas.

TOW Co (TSE:4767) Headlines

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