Kokusan Denki Co (TSE:6992) Days Inventory : 38.97 (As of Mar. 2015)

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What is Kokusan Denki Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kokusan Denki Co's Average Total Inventories for the three months ended in Mar. 2015 was 円1,566 Mil. Kokusan Denki Co's Cost of Goods Sold for the three months ended in Mar. 2015 was 円3,666 Mil. Hence, Kokusan Denki Co's Days Inventory for the three months ended in Mar. 2015 was 38.97.

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

TSE:6992' s Days Inventory Range Over the Past 10 Years
Min: 28.39 Med: 37.23 Max: 44.41
Current: 37.37

During the past 7 years, Kokusan Denki Co's highest Days Inventory was 44.41. The lowest was 28.39. And the median was 37.23.

TSE:6992's Days Inventory is not ranked
in the Hardware industry.
Industry Median: 101.86 vs TSE:6992: 37.37

Kokusan Denki Co's Days Inventory increased from Mar. 2014 (32.87) to Mar. 2015 (38.97). It might indicate that Kokusan Denki Co'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. Kokusan Denki Co's Inventory Turnover for the three months ended in Mar. 2015 was 2.34.

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. Kokusan Denki Co's Inventory-to-Revenue for the three months ended in Mar. 2015 was 0.37.

Kokusan Denki Co Days Inventory Historical Data

The historical data trend for Kokusan Denki Co'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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Kokusan Denki Co Days Inventory Chart

Kokusan Denki Co Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Dec14

Days Inventory

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44.41

41.67

32.53

28.39

33.50

Kokusan Denki Co Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Days Inventory	Get a 7-Day Free Trial															32.87	35.59	35.64	37.80	38.97

Competitive Comparison of Kokusan Denki Co's Days Inventory

For the Electronic Components subindustry, Kokusan Denki Co'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.

Kokusan Denki Co's Days Inventory Distribution in the Hardware Industry

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

* The bar in red indicates where Kokusan Denki Co's Days Inventory falls into.

Kokusan Denki Co Days Inventory Calculation

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

Kokusan Denki Co's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

	Days Inventory (A: Dec. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (1423	+	1439)	/	2 )	/	15590	*	365
=	1431					/	15590	*	365
=	33.50

Kokusan Denki Co's Days Inventory for the quarter that ended in Mar. 2015 is calculated as:

	Days Inventory (Q: Mar. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2014 )	+	Total Inventories (Q: Mar. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2015 )	*	Days in Period
=	( (1439	+	1692)	/	2 )	/	3666	*	365 / 4
=	1565.5					/	3666	*	365 / 4
=	38.97

Kokusan Denki Co (TSE:6992) 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.

Kokusan Denki Co's Inventory Turnover for the three months ended in Mar. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3666	/	1565.5
	=	2.34

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.

Kokusan Denki Co's Inventory to Revenue for the three months ended in Mar. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1565.5	/	4232
	=	0.37

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.

Kokusan Denki Co Days Inventory Related Terms

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

Kokusan Denki Co (TSE:6992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kokusan Denki Co Ltd (TSE:6992) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.kokusandenki.co.jp

Kokusan Denki Co Ltd is engaged in the manufacturing and selling of electrical components. Its products are Engine Ignition Systems, Electric Motors and Alternators and Welders.

Kokusan Denki Co (TSE:6992) Headlines

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