Techno Smart (TSE:6246) Days Inventory : 10.62 (As of Dec. 2023)

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What is Techno Smart Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Techno Smart's Average Total Inventories for the three months ended in Dec. 2023 was 円528 Mil. Techno Smart's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,535 Mil. Hence, Techno Smart's Days Inventory for the three months ended in Dec. 2023 was 10.62.

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

TSE:6246' s Days Inventory Range Over the Past 10 Years
Min: 6.06 Med: 9.18 Max: 12.82
Current: 12.82

During the past 13 years, Techno Smart's highest Days Inventory was 12.82. The lowest was 6.06. And the median was 9.18.

TSE:6246's Days Inventory is ranked better than
98.08% of 2912 companies
in the Industrial Products industry
Industry Median: 121.36 vs TSE:6246: 12.82

Techno Smart's Days Inventory declined from Dec. 2022 (12.14) to Dec. 2023 (10.62).

Inventory Turnover measures how fast the company turns over its inventory within a year. Techno Smart's Inventory Turnover for the three months ended in Dec. 2023 was 8.59.

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. Techno Smart's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.09.

Techno Smart Days Inventory Historical Data

The historical data trend for Techno Smart'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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Techno Smart Days Inventory Chart

Techno Smart Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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6.23

7.74

12.82

9.30

12.03

Techno Smart 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															12.14	15.85	13.44	12.46	10.62

Competitive Comparison of Techno Smart's Days Inventory

For the Specialty Industrial Machinery subindustry, Techno Smart'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.

Techno Smart's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Techno Smart's Days Inventory falls into.

Techno Smart Days Inventory Calculation

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

Techno Smart'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
=	( (552.252	+	535.88)	/	2 )	/	16502.947	*	365
=	544.066					/	16502.947	*	365
=	12.03

Techno Smart'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
=	( (572.549	+	482.991)	/	2 )	/	4535.364	*	365 / 4
=	527.77					/	4535.364	*	365 / 4
=	10.62

Techno Smart (TSE:6246) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4535.364	/	527.77
	=	8.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	527.77	/	5670.634
	=	0.09

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.

Techno Smart Days Inventory Related Terms

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

Techno Smart (TSE:6246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techno Smart Corp (TSE:6246) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

2nd Floor, Kyutaro-machi Kowa Building, 5-28 Kyutaro-machi 2-chome, Chuo-ku, Osaka, JPN, 541-0056

Website

http://www.technosmart.co.jp

Techno Smart Corp is engaged in the designing and manufacturing of lithium-ion battery electrode manufacturing devices. LCD polarized film manufacturing devices, other film manufacturing devices and precision instruments for coating and laminating. The company's products offerings include CED coaters, Die coaters, Floating dryer, Unwind devices, Laboratory coater, among others.

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