TDF (TSE:5641) Days Inventory : 48.90 (As of Dec. 2013)

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What is TDF Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TDF's Average Total Inventories for the three months ended in Dec. 2013 was 円2,843 Mil. TDF's Cost of Goods Sold for the three months ended in Dec. 2013 was 円5,304 Mil. Hence, TDF's Days Inventory for the three months ended in Dec. 2013 was 48.90.

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

TSE:5641's Days Inventory is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 81.84
* Ranked among companies with meaningful Days Inventory only.

TDF's Days Inventory increased from Dec. 2012 (47.60) to Dec. 2013 (48.90). It might indicate that TDF's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TDF's Inventory Turnover for the three months ended in Dec. 2013 was 1.87.

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. TDF's Inventory-to-Revenue for the three months ended in Dec. 2013 was 0.52.

TDF Days Inventory Historical Data

The historical data trend for TDF'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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TDF Days Inventory Chart

TDF Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Days Inventory

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51.85

61.19

48.73

43.79

46.56

TDF Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Days Inventory	Get a 7-Day Free Trial															47.60	48.09	50.23	47.81	48.90

Competitive Comparison of TDF's Days Inventory

For the Auto Parts subindustry, TDF'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.

TDF's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, TDF's Days Inventory distribution charts can be found below:

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

TDF Days Inventory Calculation

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

TDF's Days Inventory for the fiscal year that ended in Mar. 2013 is calculated as

	Days Inventory (A: Mar. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2012 )	+	Total Inventories (A: Mar. 2013 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2013 )	*	Days in Period
=	( (2603.512	+	2644.558)	/	2 )	/	20570.546	*	365
=	2624.035					/	20570.546	*	365
=	46.56

TDF's Days Inventory for the quarter that ended in Dec. 2013 is calculated as:

	Days Inventory (Q: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (2794.958	+	2890.653)	/	2 )	/	5304.41	*	365 / 4
=	2842.8055					/	5304.41	*	365 / 4
=	48.90

TDF (TSE:5641) 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.

TDF's Inventory Turnover for the three months ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5304.41	/	2842.8055
	=	1.87

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.

TDF's Inventory to Revenue for the three months ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2842.8055	/	5493.439
	=	0.52

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.

TDF Days Inventory Related Terms

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

TDF (TSE:5641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TDF Corp (TSE:5641) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.tdforge.co.jp/

TDF Corp. is mainly engaged in the manufacture and sale of forged parts for auto-mobiles and construction machinery, as well as other forgings.

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