Shima Seiki Mfg (TSE:6222) Days Inventory : 588.65 (As of Dec. 2023)

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What is Shima Seiki Mfg Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shima Seiki Mfg's Average Total Inventories for the three months ended in Dec. 2023 was 円24,488 Mil. Shima Seiki Mfg's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,796 Mil. Hence, Shima Seiki Mfg's Days Inventory for the three months ended in Dec. 2023 was 588.65.

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

TSE:6222' s Days Inventory Range Over the Past 10 Years
Min: 168.25 Med: 266.43 Max: 352.31
Current: 352.31

During the past 13 years, Shima Seiki Mfg's highest Days Inventory was 352.31. The lowest was 168.25. And the median was 266.43.

TSE:6222's Days Inventory is ranked worse than
92.44% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs TSE:6222: 352.31

Shima Seiki Mfg's Days Inventory increased from Dec. 2022 (336.11) to Dec. 2023 (588.65). It might indicate that Shima Seiki Mfg's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shima Seiki Mfg's Inventory Turnover for the three months ended in Dec. 2023 was 0.16.

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. Shima Seiki Mfg's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.44.

Shima Seiki Mfg Days Inventory Historical Data

The historical data trend for Shima Seiki Mfg'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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Shima Seiki Mfg Days Inventory Chart

Shima Seiki Mfg Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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240.32

318.84

341.03

274.75

269.22

Shima Seiki Mfg 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															336.11	245.72	257.54	466.75	588.65

Competitive Comparison of Shima Seiki Mfg's Days Inventory

For the Specialty Industrial Machinery subindustry, Shima Seiki Mfg'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.

Shima Seiki Mfg's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shima Seiki Mfg's Days Inventory falls into.

Shima Seiki Mfg Days Inventory Calculation

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

Shima Seiki Mfg'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
=	( (15097	+	20347)	/	2 )	/	24027	*	365
=	17722					/	24027	*	365
=	269.22

Shima Seiki Mfg'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
=	( (23054	+	25922)	/	2 )	/	3796	*	365 / 4
=	24488					/	3796	*	365 / 4
=	588.65

Shima Seiki Mfg (TSE:6222) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3796	/	24488
	=	0.16

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	24488	/	7113
	=	3.44

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.

Shima Seiki Mfg Days Inventory Related Terms

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

Shima Seiki Mfg (TSE:6222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shima Seiki Mfg Ltd (TSE:6222) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Sakata, Wakayama, JPN, 641-8511

Website

http://www.shimaseiki.co.jp

Shima Seiki Mfg Ltd is a Japan-based company that is engaged in developing, manufacturing, selling, and servicing computerized flat knitting machines, design systems, automatic fabric-cutting machines, and glove- and sock-knitting machines. The company's products are applied in apparel, knitting, weaving, printing, circular knitting, interior furnishings, automotive, aerospace, and other industrial materials. Flat knitting machines account for the majority of the company's sales. Shima Seiki generates most of its sales from Asia and Europe.

Shima Seiki Mfg (TSE:6222) Headlines

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