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Hokkaido Shikangyo Co (TSE:7693) Days Inventory : 13.06 (As of Sep. 2023)


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What is Hokkaido Shikangyo Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hokkaido Shikangyo Co's Average Total Inventories for the six months ended in Sep. 2023 was 円139 Mil. Hokkaido Shikangyo Co's Cost of Goods Sold for the six months ended in Sep. 2023 was 円1,938 Mil. Hence, Hokkaido Shikangyo Co's Days Inventory for the six months ended in Sep. 2023 was 13.06.

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

TSE:7693' s Days Inventory Range Over the Past 10 Years
Min: 9.51   Med: 10.62   Max: 13.32
Current: 13.32

During the past 5 years, Hokkaido Shikangyo Co's highest Days Inventory was 13.32. The lowest was 9.51. And the median was 10.62.

TSE:7693's Days Inventory is not ranked
in the Medical Distribution industry.
Industry Median: 60.975 vs TSE:7693: 13.32

Hokkaido Shikangyo Co's Days Inventory increased from Sep. 2022 (12.93) to Sep. 2023 (13.06). It might indicate that Hokkaido Shikangyo Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hokkaido Shikangyo Co's Inventory Turnover for the six months ended in Sep. 2023 was 13.97.

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. Hokkaido Shikangyo Co's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.06.

Hokkaido Shikangyo Co Days Inventory Historical Data

The historical data trend for Hokkaido Shikangyo 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.

Hokkaido Shikangyo Co Days Inventory Chart

Hokkaido Shikangyo Co Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
11.90 10.31 9.51 10.62 12.16

Hokkaido Shikangyo Co Semi-Annual Data
Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only 10.96 11.88 12.93 13.12 13.06

Competitive Comparison of Hokkaido Shikangyo Co's Days Inventory

For the Medical Distribution subindustry, Hokkaido Shikangyo 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.

Hokkaido Shikangyo Co's Days Inventory Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Hokkaido Shikangyo Co's Days Inventory distribution charts can be found below:

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


Hokkaido Shikangyo Co Days Inventory Calculation

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

Hokkaido Shikangyo 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
=( (127.221 + 132.247) / 2 ) / 3894.988*365
=129.734 / 3894.988*365
=12.16

Hokkaido Shikangyo Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (132.247 + 145.169) / 2 ) / 1937.987*365 / 2
=138.708 / 1937.987*365 / 2
=13.06

* 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.

Hokkaido Shikangyo Co  (TSE:7693) 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.

Hokkaido Shikangyo Co's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1937.987 / 138.708
=13.97

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.

Hokkaido Shikangyo Co's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=138.708 / 2285.834
=0.06

* 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.

Hokkaido Shikangyo Co Days Inventory Related Terms

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

Hokkaido Shikangyo Co (TSE:7693) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Hokkaido Shika Sangyo Co Ltd (TSE:7693) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
Kikusuikami-cho, 2 of Article 4-chome 36-7, Yubinbango, Sapporo Shiroishi-ku, Hokkaido, JPN, 003-0812
Website
https://www.hokusan-kk.co.jp
Hokkaido Shika Sangyo Co Ltd is engaged in sales of dental instruments and dental materials. The company's activities include sale of medical equipment and pharmaceuticals, veterinary medical equipment and veterinary drugs, poisonous substances and deleterious substances, medical oxygen and nitrous oxide, rental of medical equipment highly managed medical equipment, sale and rental of used medical equipment, inspection, maintenance and repair of medical equipment.

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