FINE SINTER Co (TSE:5994) Days Inventory : 66.59 (As of Dec. 2023)

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What is FINE SINTER Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). FINE SINTER Co's Average Total Inventories for the three months ended in Dec. 2023 was 円6,964 Mil. FINE SINTER Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円9,544 Mil. Hence, FINE SINTER Co's Days Inventory for the three months ended in Dec. 2023 was 66.59.

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

TSE:5994' s Days Inventory Range Over the Past 10 Years
Min: 31.04 Med: 45.91 Max: 68.06
Current: 68.06

During the past 13 years, FINE SINTER Co's highest Days Inventory was 68.06. The lowest was 31.04. And the median was 45.91.

TSE:5994's Days Inventory is ranked better than
80.54% of 2904 companies
in the Industrial Products industry
Industry Median: 121.915 vs TSE:5994: 68.06

FINE SINTER Co's Days Inventory declined from Dec. 2022 (67.35) to Dec. 2023 (66.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. FINE SINTER Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.37.

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. FINE SINTER Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.63.

FINE SINTER Co Days Inventory Historical Data

The historical data trend for FINE SINTER 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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FINE SINTER Co Days Inventory Chart

FINE SINTER Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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48.36

53.84

63.39

62.33

66.36

FINE SINTER 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															67.35	69.84	68.24	68.26	66.59

Competitive Comparison of FINE SINTER Co's Days Inventory

For the Metal Fabrication subindustry, FINE SINTER 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.

FINE SINTER Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, FINE SINTER Co's Days Inventory distribution charts can be found below:

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

FINE SINTER Co Days Inventory Calculation

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

FINE SINTER Co'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
=	( (6363.544	+	6810.775)	/	2 )	/	36233.095	*	365
=	6587.1595					/	36233.095	*	365
=	66.36

FINE SINTER 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
=	( (7019.968	+	6908.948)	/	2 )	/	9544.141	*	365 / 4
=	6964.458					/	9544.141	*	365 / 4
=	66.59

FINE SINTER Co (TSE:5994) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9544.141	/	6964.458
	=	1.37

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6964.458	/	11094.737
	=	0.63

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.

FINE SINTER Co Days Inventory Related Terms

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

FINE SINTER Co (TSE:5994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FINE SINTER Co Ltd (TSE:5994) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

5994:Japan

Address

1189-11,Nishinohora, Akechi-cho, Kasugai, Aichi, JPN, 480-0303

Website

http://www.fine-sinter.com

FINE SINTER Co Ltd is specialized in designing, manufacturing, and marketing products based on powder metallurgy technology. The company serves approximately 80% of its entire products in the automotive industry. Its products are used in many units of automotive; engine, transmission, steering, and sensors. In addition, the company also produces composite materials such as brake linings for trains, contact strips for current collectors and sealing materials.

FINE SINTER Co (TSE:5994) Headlines

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