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Daikokuya Holdings Co (TSE:6993) Days Inventory : 77.00 (As of Dec. 2023)


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What is Daikokuya Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Daikokuya Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was 円1,742 Mil. Daikokuya Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,064 Mil. Hence, Daikokuya Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 77.00.

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

TSE:6993' s Days Inventory Range Over the Past 10 Years
Min: 71.06   Med: 105.07   Max: 122.07
Current: 78.5

During the past 13 years, Daikokuya Holdings Co's highest Days Inventory was 122.07. The lowest was 71.06. And the median was 105.07.

TSE:6993's Days Inventory is ranked better than
74.24% of 2911 companies
in the Industrial Products industry
Industry Median: 120.17 vs TSE:6993: 78.50

Daikokuya Holdings Co's Days Inventory increased from Dec. 2022 (70.06) to Dec. 2023 (77.00). It might indicate that Daikokuya Holdings Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Daikokuya Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.19.

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. Daikokuya Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.59.


Daikokuya Holdings Co Days Inventory Historical Data

The historical data trend for Daikokuya Holdings 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.

* Premium members only.

Daikokuya Holdings Co Days Inventory Chart

Daikokuya Holdings Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.34 100.27 112.92 71.06 80.56

Daikokuya Holdings Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.06 85.06 73.03 82.66 77.00

Competitive Comparison of Daikokuya Holdings Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Daikokuya Holdings 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.


Daikokuya Holdings Co's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Daikokuya Holdings Co's Days Inventory falls into.



Daikokuya Holdings Co Days Inventory Calculation

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

Daikokuya Holdings Co'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
=( (2330.667 + 1627.695) / 2 ) / 8966.687*365
=1979.181 / 8966.687*365
=80.56

Daikokuya Holdings Co'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
=( (1837.495 + 1646.278) / 2 ) / 2064.316*365 / 4
=1741.8865 / 2064.316*365 / 4
=77.00

* 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.


Daikokuya Holdings Co  (TSE:6993) 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.

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

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.

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

* 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.


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.


Daikokuya Holdings Co Days Inventory Related Terms

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


Daikokuya Holdings Co (TSE:6993) Business Description

Traded in Other Exchanges
N/A
Address
Minato-ku, Konan 4-chome No. 1 No. 8, Yubinbango, Tokyo, JPN, 108-0075
Daikokuya Holdings Co Ltd is engaged in electric business as well as an investment business. Its mainly engaged in the industrial lighting fixtures and electric piping equipment. Its handling products include industrial lighting equipment, industrial electric piping equipment, control equipment and various electrical equipment for industrial use.

Daikokuya Holdings Co (TSE:6993) Headlines

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