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TBK Co (TSE:7277) Days Inventory : 63.31 (As of Dec. 2023)


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What is TBK Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TBK Co's Average Total Inventories for the three months ended in Dec. 2023 was 円8,875 Mil. TBK Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円12,791 Mil. Hence, TBK Co's Days Inventory for the three months ended in Dec. 2023 was 63.31.

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

TSE:7277' s Days Inventory Range Over the Past 10 Years
Min: 29.19   Med: 37.8   Max: 60.64
Current: 60.64

During the past 13 years, TBK Co's highest Days Inventory was 60.64. The lowest was 29.19. And the median was 37.80.

TSE:7277's Days Inventory is ranked better than
68.04% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 81.84 vs TSE:7277: 60.64

TBK Co's Days Inventory increased from Dec. 2022 (59.83) to Dec. 2023 (63.31). It might indicate that TBK Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TBK Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.44.

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. TBK Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.63.


TBK Co Days Inventory Historical Data

The historical data trend for TBK 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.

TBK Co Days Inventory Chart

TBK 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 39.71 42.48 48.62 48.23 54.26

TBK 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 59.83 57.37 60.06 59.81 63.31

Competitive Comparison of TBK Co's Days Inventory

For the Auto Parts subindustry, TBK 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.


TBK Co's Days Inventory Distribution in the Vehicles & Parts Industry

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

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



TBK Co Days Inventory Calculation

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

TBK 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
=( (6837 + 7775) / 2 ) / 49151*365
=7306 / 49151*365
=54.26

TBK 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
=( (8589 + 9160) / 2 ) / 12791*365 / 4
=8874.5 / 12791*365 / 4
=63.31

* 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.


TBK Co  (TSE:7277) 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.

TBK 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.

TBK 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.


TBK Co Days Inventory Related Terms

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


TBK Co (TSE:7277) Business Description

Traded in Other Exchanges
N/A
Address
4-21-1 Minami-Naruse, Machida-shi, Tokyo, JPN, 194-0045
TBK Co Ltd is a Japan-based company engages in the development, production, and sales of components for heavy-duty, medium-duty, and light-duty vehicles. Its products portfolio includes brakes including drum brakes consisting of air and hydraulic brakes, as well as auxiliary products for drum brakes, water pumps for engine cooling and oil pumps for engine lubrication.

TBK Co (TSE:7277) Headlines

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