Howa Machinery (TSE:6203) Days Inventory : 168.23 (As of Dec. 2023)

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What is Howa Machinery Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Howa Machinery's Average Total Inventories for the three months ended in Dec. 2023 was 円6,759 Mil. Howa Machinery's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,666 Mil. Hence, Howa Machinery's Days Inventory for the three months ended in Dec. 2023 was 168.23.

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

TSE:6203' s Days Inventory Range Over the Past 10 Years
Min: 61.46 Med: 89.72 Max: 139.31
Current: 139.31

During the past 13 years, Howa Machinery's highest Days Inventory was 139.31. The lowest was 61.46. And the median was 89.72.

TSE:6203's Days Inventory is ranked worse than
57.69% of 2905 companies
in the Industrial Products industry
Industry Median: 121.9 vs TSE:6203: 139.31

Howa Machinery's Days Inventory declined from Dec. 2022 (174.78) to Dec. 2023 (168.23).

Inventory Turnover measures how fast the company turns over its inventory within a year. Howa Machinery's Inventory Turnover for the three months ended in Dec. 2023 was 0.54.

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. Howa Machinery's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.52.

Howa Machinery Days Inventory Historical Data

The historical data trend for Howa Machinery'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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Howa Machinery Days Inventory Chart

Howa Machinery Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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87.77

110.71

121.14

122.53

132.01

Howa Machinery 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															174.78	107.74	152.78	134.11	168.23

Competitive Comparison of Howa Machinery's Days Inventory

For the Specialty Industrial Machinery subindustry, Howa Machinery'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.

Howa Machinery's Days Inventory Distribution in the Industrial Products Industry

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

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

Howa Machinery Days Inventory Calculation

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

Howa Machinery'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
=	( (5692	+	5962)	/	2 )	/	16111	*	365
=	5827					/	16111	*	365
=	132.01

Howa Machinery'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
=	( (6394	+	7123)	/	2 )	/	3666	*	365 / 4
=	6758.5					/	3666	*	365 / 4
=	168.23

Howa Machinery (TSE:6203) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3666	/	6758.5
	=	0.54

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6758.5	/	4452
	=	1.52

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.

Howa Machinery Days Inventory Related Terms

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Howa Machinery (TSE:6203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Howa Machinery Ltd (TSE:6203) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900-1, Sukaguchi, Kiyosu, Aichi, JPN

Website

http://www.howa.co.jp

Howa Machinery Ltd engages in the manufacture and sale of machine tools, pneumatic and hydraulic equipment, electronic machines, firearms, construction materials and construction machinery.

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