ShinMaywa Industries (TSE:7224) Days Inventory : 111.33 (As of Dec. 2023)

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What is ShinMaywa Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ShinMaywa Industries's Average Total Inventories for the three months ended in Dec. 2023 was 円63,011 Mil. ShinMaywa Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was 円51,647 Mil. Hence, ShinMaywa Industries's Days Inventory for the three months ended in Dec. 2023 was 111.33.

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

TSE:7224' s Days Inventory Range Over the Past 10 Years
Min: 75.97 Med: 85.69 Max: 100.45
Current: 100.45

During the past 13 years, ShinMaywa Industries's highest Days Inventory was 100.45. The lowest was 75.97. And the median was 85.69.

TSE:7224's Days Inventory is ranked worse than
63.47% of 449 companies
in the Conglomerates industry
Industry Median: 73.45 vs TSE:7224: 100.45

ShinMaywa Industries's Days Inventory increased from Dec. 2022 (106.52) to Dec. 2023 (111.33). It might indicate that ShinMaywa Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. ShinMaywa Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.82.

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. ShinMaywa Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.03.

ShinMaywa Industries Days Inventory Historical Data

The historical data trend for ShinMaywa Industries'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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ShinMaywa Industries Days Inventory Chart

ShinMaywa Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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77.74

89.14

90.62

97.13

94.94

ShinMaywa Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															94.06	113.99	101.24	111.33	86.45

Competitive Comparison of ShinMaywa Industries's Days Inventory

For the Conglomerates subindustry, ShinMaywa Industries'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.

ShinMaywa Industries's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, ShinMaywa Industries's Days Inventory distribution charts can be found below:

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

ShinMaywa Industries Days Inventory Calculation

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

ShinMaywa Industries's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (53801	+	58683)	/	2 )	/	216233	*	365
=	56242					/	216233	*	365
=	94.94

ShinMaywa Industries'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
=	( (60357	+	65665)	/	2 )	/	51647	*	365 / 4
=	63011					/	51647	*	365 / 4
=	111.33

ShinMaywa Industries (TSE:7224) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	51647	/	63011
	=	0.82

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	63011	/	61163
	=	1.03

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.

ShinMaywa Industries Days Inventory Related Terms

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

ShinMaywa Industries (TSE:7224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ShinMaywa Industries Ltd (TSE:7224) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1 Shinmeiwa-cho, Takarazuka, Hyogo, JPN, 665-8550

Website

http://www.shinmaywa.co.jp

ShinMaywa Industries Ltd manufactures a wide range of products, including parking systems, aircrafts, trucks, and other industrial systems. The company has four operating segments: aircraft, special-purpose truck, industrial machinery and environmental systems, and parking systems. The special-purpose truck segment generates roughly half of total sales and focuses on distributing dump trucks, lifters, compactors, and forestry machinery. The aircraft segment sells amphibian aircraft (capable of open-sea landing and takeoff) and aircraft parts to other manufacturers. Sales to customers located in Japan constitute about three fourths of total revenue.

ShinMaywa Industries (TSE:7224) Headlines

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