ARAYA INDUSTRIAL Co (TSE:7305) Days Inventory : 99.04 (As of Dec. 2023)

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What is ARAYA INDUSTRIAL Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ARAYA INDUSTRIAL Co's Average Total Inventories for the three months ended in Dec. 2023 was 円10,338 Mil. ARAYA INDUSTRIAL Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円9,524 Mil. Hence, ARAYA INDUSTRIAL Co's Days Inventory for the three months ended in Dec. 2023 was 99.04.

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

TSE:7305' s Days Inventory Range Over the Past 10 Years
Min: 56.66 Med: 68.71 Max: 104.75
Current: 104.75

During the past 13 years, ARAYA INDUSTRIAL Co's highest Days Inventory was 104.75. The lowest was 56.66. And the median was 68.71.

TSE:7305's Days Inventory is ranked worse than
60.38% of 573 companies
in the Steel industry
Industry Median: 86.42 vs TSE:7305: 104.75

ARAYA INDUSTRIAL Co's Days Inventory declined from Dec. 2022 (106.80) to Dec. 2023 (99.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. ARAYA INDUSTRIAL Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.92.

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. ARAYA INDUSTRIAL Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.89.

ARAYA INDUSTRIAL Co Days Inventory Historical Data

The historical data trend for ARAYA INDUSTRIAL 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.

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ARAYA INDUSTRIAL Co Days Inventory Chart

ARAYA INDUSTRIAL Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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67.25

79.64

83.56

87.89

100.11

ARAYA INDUSTRIAL 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															106.80	108.20	103.46	108.06	99.04

Competitive Comparison of ARAYA INDUSTRIAL Co's Days Inventory

For the Steel subindustry, ARAYA INDUSTRIAL 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.

ARAYA INDUSTRIAL Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, ARAYA INDUSTRIAL Co's Days Inventory distribution charts can be found below:

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

ARAYA INDUSTRIAL Co Days Inventory Calculation

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

ARAYA INDUSTRIAL 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
=	( (9028	+	10718)	/	2 )	/	35998	*	365
=	9873					/	35998	*	365
=	100.11

ARAYA INDUSTRIAL 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
=	( (10306	+	10369)	/	2 )	/	9524	*	365 / 4
=	10337.5					/	9524	*	365 / 4
=	99.04

ARAYA INDUSTRIAL Co (TSE:7305) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9524	/	10337.5
	=	0.92

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10337.5	/	11582
	=	0.89

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.

ARAYA INDUSTRIAL Co Days Inventory Related Terms

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

ARAYA INDUSTRIAL Co (TSE:7305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ARAYA INDUSTRIAL Co Ltd (TSE:7305) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

12-12 Minamisenba, Chuo-ku, Osaka, JPN, 542-0081

Website

http://www.araya-kk.co.jp

ARAYA INDUSTRIAL CO., Ltd. is engaged in the manufacturing and selling of high-quality, high-performance iron, stainless steel pipe and others by metal processing technology Roll Forming. Its product offering includes steel pipe, welfare equipment, rim for the bicycle, pipe cutting machine, pipe/sheet metal processing machine and other special purpose machines. The company's products are used in a wide range of fields including automobiles, motorcycles, bicycles, buildings, furniture, industrial machinery, welfare equipment, and logistics equipment.

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