Topy Industries (TSE:7231) Days Inventory : 67.56 (As of Dec. 2023)

View and export this data going back to 1949. Start your Free Trial

What is Topy Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Topy Industries's Average Total Inventories for the three months ended in Dec. 2023 was 円56,461 Mil. Topy Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was 円76,261 Mil. Hence, Topy Industries's Days Inventory for the three months ended in Dec. 2023 was 67.56.

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

TSE:7231' s Days Inventory Range Over the Past 10 Years
Min: 46.12 Med: 59.47 Max: 74.22
Current: 70.85

During the past 13 years, Topy Industries's highest Days Inventory was 74.22. The lowest was 46.12. And the median was 59.47.

TSE:7231's Days Inventory is ranked better than
57.7% of 1253 companies
in the Vehicles & Parts industry
Industry Median: 80.85 vs TSE:7231: 70.85

Topy Industries's Days Inventory declined from Dec. 2022 (69.89) to Dec. 2023 (67.56).

Inventory Turnover measures how fast the company turns over its inventory within a year. Topy Industries's Inventory Turnover for the three months ended in Dec. 2023 was 1.35.

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. Topy Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.62.

Topy Industries Days Inventory Historical Data

The historical data trend for Topy 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.

* Premium members only.

Topy Industries Days Inventory Chart

Topy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

60.14

68.39

74.22

72.84

70.94

Topy Industries 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															69.89	71.30	73.05	71.11	67.56

Competitive Comparison of Topy Industries's Days Inventory

For the Auto Parts subindustry, Topy 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.

Topy Industries's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Topy Industries's Days Inventory distribution charts can be found below:

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

Topy Industries Days Inventory Calculation

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

Topy Industries'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
=	( (55438	+	57234)	/	2 )	/	289880	*	365
=	56336					/	289880	*	365
=	70.94

Topy 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
=	( (57318	+	55604)	/	2 )	/	76261	*	365 / 4
=	56461					/	76261	*	365 / 4
=	67.56

Topy Industries (TSE:7231) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	76261	/	56461
	=	1.35

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	56461	/	90347
	=	0.62

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.

Topy Industries Days Inventory Related Terms

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

Topy Industries (TSE:7231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Topy Industries Ltd (TSE:7231) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Art Village Osaki Central Tower, 1-2-2 Osaki, Shinagawa-ku, Tokyo, JPN, 141-8634

Website

http://www.topy.co.jp

Topy Industries Ltd is a Japanese producer of steel and automotive and industrial machinery components. Topy's largest segment by revenue, automotive and industrial machinery components, produces steel and aluminum wheels for passenger cars, commercial trucks, and buses; ultra-large-diameter wheels for mining dump trucks; industrial spring steel fasteners; and undercarriage components such as track shoes, cutting edges, links, and rollers. In its second- largest segment, the company produces general steel sections, deformed and flat bars, mast rail sections for forklifts, and universal mill plates.

Topy Industries (TSE:7231) Headlines

No Headlines