New Art Holdings Co (TSE:7638) Days Inventory : 444.50 (As of Dec. 2023)

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What is New Art Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Art Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was 円8,531 Mil. New Art Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,751 Mil. Hence, New Art Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 444.50.

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

TSE:7638' s Days Inventory Range Over the Past 10 Years
Min: 172.66 Med: 355.24 Max: 457.31
Current: 417.08

During the past 13 years, New Art Holdings Co's highest Days Inventory was 457.31. The lowest was 172.66. And the median was 355.24.

TSE:7638's Days Inventory is ranked worse than
93.07% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.73 vs TSE:7638: 417.08

New Art Holdings Co's Days Inventory increased from Dec. 2022 (254.23) to Dec. 2023 (444.50). It might indicate that New Art Holdings Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Art Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.21.

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. New Art Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.61.

New Art Holdings Co Days Inventory Historical Data

The historical data trend for New Art Holdings 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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New Art Holdings Co Days Inventory Chart

New Art Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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360.22

457.31

366.37

395.86

349.43

New Art Holdings 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															254.23	359.53	441.92	453.64	444.50

Competitive Comparison of New Art Holdings Co's Days Inventory

For the Luxury Goods subindustry, New Art Holdings 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.

New Art Holdings Co's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, New Art Holdings Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where New Art Holdings Co's Days Inventory falls into.

New Art Holdings Co Days Inventory Calculation

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

New Art Holdings 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
=	( (7290.178	+	7875.574)	/	2 )	/	7920.731	*	365
=	7582.876					/	7920.731	*	365
=	349.43

New Art Holdings 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
=	( (8432.933	+	8629.652)	/	2 )	/	1751.365	*	365 / 4
=	8531.2925					/	1751.365	*	365 / 4
=	444.50

New Art Holdings Co (TSE:7638) 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.

New Art Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1751.365	/	8531.2925
	=	0.21

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.

New Art Holdings Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8531.2925	/	5290.934
	=	1.61

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.

New Art Holdings Co Days Inventory Related Terms

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

New Art Holdings Co (TSE:7638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New Art Holdings Co Ltd (TSE:7638) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-15-2 Ginza Swimbill, Chuo-ku, Tokyo, JPN, 104-0061

Website

http://www.newart-ir.jp

New Art Holdings Co Ltd is engaged in the business of jewellery business which include bridal jewellery, beauty salon, and art business. The products of the company includes ginza diamond shiraji and exelco diamond.

New Art Holdings Co (TSE:7638) Headlines

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