Yorozu (TSE:7294) Days Inventory : 38.35 (As of Mar. 2024)

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What is Yorozu Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Yorozu's Average Total Inventories for the three months ended in Mar. 2024 was 円18,970 Mil. Yorozu's Cost of Goods Sold for the three months ended in Mar. 2024 was 円45,141 Mil. Hence, Yorozu's Days Inventory for the three months ended in Mar. 2024 was 38.35.

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

TSE:7294' s Days Inventory Range Over the Past 10 Years
Min: 32.68 Med: 38.88 Max: 42.38
Current: 42.38

During the past 13 years, Yorozu's highest Days Inventory was 42.38. The lowest was 32.68. And the median was 38.88.

TSE:7294's Days Inventory is ranked better than
82.62% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 80.545 vs TSE:7294: 42.38

Yorozu's Days Inventory declined from Mar. 2023 (44.03) to Mar. 2024 (38.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. Yorozu's Inventory Turnover for the three months ended in Mar. 2024 was 2.38.

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. Yorozu's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.36.

Yorozu Days Inventory Historical Data

The historical data trend for Yorozu'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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Yorozu Days Inventory Chart

Yorozu Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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38.83

42.09

38.12

39.75

38.93

Yorozu Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial															44.64	46.72	46.56	38.35	37.59

Competitive Comparison of Yorozu's Days Inventory

For the Auto Parts subindustry, Yorozu'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.

Yorozu's Days Inventory Distribution in the Vehicles & Parts Industry

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

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

Yorozu Days Inventory Calculation

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

Yorozu'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
=	( (18101	+	16546)	/	2 )	/	162430	*	365
=	17323.5					/	162430	*	365
=	38.93

Yorozu's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (21394	+	16546)	/	2 )	/	45141	*	365 / 4
=	18970					/	45141	*	365 / 4
=	38.35

Yorozu (TSE:7294) 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.

Yorozu's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	45141	/	18970
	=	2.38

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.

Yorozu's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18970	/	52353
	=	0.36

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.

Yorozu Days Inventory Related Terms

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

Yorozu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yorozu Corp (TSE:7294) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-60 Tarumachi Kohoku-ku, Yokohama-shi, Kanagawa, JPN, 222-8560

Website

http://www.yorozu-corp.co.jp

Yorozu Corp is a manufacturer of automotive parts and components. The company produces front and rear suspension members, rear beams, links, oil pans, break paddles, frames and frame components, rear cab mounts and links, and front frames used in cars, pickup cars, trucks, and tractors. Next to its auto part business, the company manufactures dies and equipment for metal production purposes. The company operates in three major markets--Japan, the Americas, and Asia--all of which contribute equally to the company's top line.

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