River Eletec (TSE:6666) Days Inventory : 168.25 (As of Dec. 2023)

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What is River Eletec Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). River Eletec's Average Total Inventories for the three months ended in Dec. 2023 was 円1,967 Mil. River Eletec's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,067 Mil. Hence, River Eletec's Days Inventory for the three months ended in Dec. 2023 was 168.25.

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

TSE:6666' s Days Inventory Range Over the Past 10 Years
Min: 90.97 Med: 112.56 Max: 183.49
Current: 183.49

During the past 13 years, River Eletec's highest Days Inventory was 183.49. The lowest was 90.97. And the median was 112.56.

TSE:6666's Days Inventory is ranked worse than
76.9% of 2407 companies
in the Hardware industry
Industry Median: 102.58 vs TSE:6666: 183.49

River Eletec's Days Inventory increased from Dec. 2022 (146.66) to Dec. 2023 (168.25). It might indicate that River Eletec's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. River Eletec'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. River Eletec's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.35.

River Eletec Days Inventory Historical Data

The historical data trend for River Eletec'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.

* Premium members only.

River Eletec Days Inventory Chart

River Eletec Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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117.73

107.38

105.16

90.97

133.73

River Eletec 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															146.66	236.91	200.54	153.10	168.25

Competitive Comparison of River Eletec's Days Inventory

For the Electronic Components subindustry, River Eletec'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.

River Eletec's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, River Eletec's Days Inventory distribution charts can be found below:

* The bar in red indicates where River Eletec's Days Inventory falls into.

River Eletec Days Inventory Calculation

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

River Eletec'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
=	( (1283.353	+	1960.193)	/	2 )	/	4426.538	*	365
=	1621.773					/	4426.538	*	365
=	133.73

River Eletec'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
=	( (1933.806	+	2000.038)	/	2 )	/	1066.782	*	365 / 4
=	1966.922					/	1066.782	*	365 / 4
=	168.25

River Eletec (TSE:6666) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1066.782	/	1966.922
	=	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1966.922	/	1454.257
	=	1.35

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.

River Eletec Days Inventory Related Terms

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

River Eletec (TSE:6666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » River Eletec Corp (TSE:6666) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-11 Fujimigaoka, Yamanashi Prefecture, Nirasaki, JPN, 407-8502

Website

http://www.river-ele.co.jp

River Eletec Corp is a company engaged in developing and producing electronic parts such as quartz crystal units, crystal oscillators, and resistors. The company's products are used for electronic equipment including digital cameras, DVD players, cellular phones, and watches.

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