SMK (TSE:6798) Days Inventory : 108.39 (As of Dec. 2023)

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What is SMK Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SMK's Average Total Inventories for the three months ended in Dec. 2023 was 円11,079 Mil. SMK's Cost of Goods Sold for the three months ended in Dec. 2023 was 円9,327 Mil. Hence, SMK's Days Inventory for the three months ended in Dec. 2023 was 108.39.

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

TSE:6798' s Days Inventory Range Over the Past 10 Years
Min: 38.14 Med: 57.97 Max: 100.92
Current: 100.92

During the past 13 years, SMK's highest Days Inventory was 100.92. The lowest was 38.14. And the median was 57.97.

TSE:6798's Days Inventory is ranked better than
51.02% of 2407 companies
in the Hardware industry
Industry Median: 102.53 vs TSE:6798: 100.92

SMK's Days Inventory increased from Dec. 2022 (87.07) to Dec. 2023 (108.39). It might indicate that SMK's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SMK's Inventory Turnover for the three months ended in Dec. 2023 was 0.84.

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. SMK's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.99.

SMK Days Inventory Historical Data

The historical data trend for SMK'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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SMK Days Inventory Chart

SMK Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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61.53

56.96

59.00

73.10

79.14

SMK 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															87.07	88.32	103.32	102.82	108.39

Competitive Comparison of SMK's Days Inventory

For the Electronic Components subindustry, SMK'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.

SMK's Days Inventory Distribution in the Hardware Industry

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

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

SMK Days Inventory Calculation

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

SMK'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
=	( (9544	+	10071)	/	2 )	/	45231	*	365
=	9807.5					/	45231	*	365
=	79.14

SMK'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
=	( (10989	+	11169)	/	2 )	/	9327	*	365 / 4
=	11079					/	9327	*	365 / 4
=	108.39

SMK (TSE:6798) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9327	/	11079
	=	0.84

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11079	/	11168
	=	0.99

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.

SMK Days Inventory Related Terms

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

SMK (TSE:6798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SMK Corp (TSE:6798) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-5, Togoshi 6-chome, Shinagawa-ku, Tokyo, JPN, 142-8511

Website

https://www.smk.co.jp

SMK Corp manufactures and sells parts for the electrocommunication device and electronic equipment. Its reportable segments include Connection System; Sensing, Communications and Interface; Research and Development Center, and other. The company generates maximum revenue from Sensing, Communications, and Interface segment, which produces and sells remote controls, switches, camera modules and touch sensors. Geographically, it derives a majority of its revenue from Japan. The company's product portfolio includes connectors, plugs/jacks, switches, accessories, remote control units, antennas, touch panels, and communication modules.

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