Waida Mfg Co (TSE:6158) Days Inventory : 190.27 (As of Dec. 2023)

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What is Waida Mfg Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Waida Mfg Co's Average Total Inventories for the three months ended in Dec. 2023 was 円2,309 Mil. Waida Mfg Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,107 Mil. Hence, Waida Mfg Co's Days Inventory for the three months ended in Dec. 2023 was 190.27.

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

TSE:6158' s Days Inventory Range Over the Past 10 Years
Min: 136.94 Med: 167.58 Max: 274.95
Current: 181.53

During the past 13 years, Waida Mfg Co's highest Days Inventory was 274.95. The lowest was 136.94. And the median was 167.58.

TSE:6158's Days Inventory is ranked worse than
71.52% of 2904 companies
in the Industrial Products industry
Industry Median: 121.915 vs TSE:6158: 181.53

Waida Mfg Co's Days Inventory declined from Dec. 2022 (196.75) to Dec. 2023 (190.27).

Inventory Turnover measures how fast the company turns over its inventory within a year. Waida Mfg Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.48.

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. Waida Mfg Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.25.

Waida Mfg Co Days Inventory Historical Data

The historical data trend for Waida Mfg 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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Waida Mfg Co Days Inventory Chart

Waida Mfg Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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136.94

157.86

274.95

167.80

158.35

Waida Mfg 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															196.75	153.75	238.04	163.30	190.27

Competitive Comparison of Waida Mfg Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Waida Mfg 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.

Waida Mfg Co's Days Inventory Distribution in the Industrial Products Industry

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

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

Waida Mfg Co Days Inventory Calculation

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

Waida Mfg 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
=	( (1720.226	+	2267.731)	/	2 )	/	4596.29	*	365
=	1993.9785					/	4596.29	*	365
=	158.35

Waida Mfg 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
=	( (2261.141	+	2355.891)	/	2 )	/	1107.124	*	365 / 4
=	2308.516					/	1107.124	*	365 / 4
=	190.27

Waida Mfg Co (TSE:6158) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1107.124	/	2308.516
	=	0.48

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2308.516	/	1844.35
	=	1.25

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.

Waida Mfg Co Days Inventory Related Terms

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

Waida Mfg Co (TSE:6158) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Waida Mfg Co Ltd (TSE:6158) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2121 Katano-machi, Takayama, Gifu, JPN, 506-0824

Website

http://www.waida.co.jp

Waida Mfg Co Ltd is engaged in manufacture and sales of various machine tools, industrial machinery, measuring equipment, control equipment, and processing and sales of mold parts, mechanical and general parts.

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