Asaka Riken Co (TSE:5724) Days Inventory : 0.00 (As of Sep. 2024)

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What is Asaka Riken Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Asaka Riken Co's Average Total Inventories for the three months ended in Sep. 2024 was 円1,554 Mil. Asaka Riken Co's Cost of Goods Sold for the three months ended in Sep. 2024 was 円0 Mil.

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

TSE:5724' s Days Inventory Range Over the Past 10 Years
Min: 34.93 Med: 65.06 Max: 95.13
Current: 91.6

During the past 13 years, Asaka Riken Co's highest Days Inventory was 95.13. The lowest was 34.93. And the median was 65.06.

TSE:5724's Days Inventory is ranked worse than
53.54% of 650 companies
in the Metals & Mining industry
Industry Median: 86.34 vs TSE:5724: 91.60

Asaka Riken Co's Days Inventory declined from Jun. 2023 (72.00) to Sep. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Asaka Riken Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.00.

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.

Asaka Riken Co Days Inventory Historical Data

The historical data trend for Asaka Riken 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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Asaka Riken Co Days Inventory Chart

Asaka Riken Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Days Inventory

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77.95

75.58

84.47

81.08

95.13

Asaka Riken Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial															72.00	77.88	86.31	96.61	-

Competitive Comparison of Asaka Riken Co's Days Inventory

For the Other Industrial Metals & Mining subindustry, Asaka Riken 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.

Asaka Riken Co's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Asaka Riken Co's Days Inventory distribution charts can be found below:

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

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Asaka Riken Co Days Inventory Calculation

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

Asaka Riken Co's Days Inventory for the fiscal year that ended in Sep. 2024 is calculated as

	Days Inventory (A: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2024 )	*	Days in Period
=	( (1259.708	+	1679.94)	/	2 )	/	5639.597	*	365
=	1469.824					/	5639.597	*	365
=	95.13

Asaka Riken Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1427.352	+	1679.94)	/	2 )	/	0	*	365 / 4
=	1553.646					/	0	*	365 / 4
=	N/A

Asaka Riken Co (TSE:5724) 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.

Asaka Riken Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	1553.646
	=	0.00

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.

Asaka Riken Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1553.646	/	0
	=

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.

Asaka Riken Co Days Inventory Related Terms

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

Asaka Riken Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asaka Riken Co Ltd (TSE:5724) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tamura Tamura, Tamuramachikanaya Koriyama, Koriyama-shi, Fukushima, JPN, 963-0725

Website

http://www.asaka.co.jp

Asaka Riken Co Ltd is engaged in developing eco businesses through metal recycling, photocatalyst, and water treatment businesses.

Asaka Riken Co Headlines

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