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Paramount Bed Holdings Co (TSE:7817) Days Inventory : 92.42 (As of Dec. 2023)


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What is Paramount Bed Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Paramount Bed Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was 円12,246 Mil. Paramount Bed Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円12,091 Mil. Hence, Paramount Bed Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 92.42.

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

TSE:7817' s Days Inventory Range Over the Past 10 Years
Min: 54.34   Med: 57.91   Max: 82.25
Current: 82.25

During the past 13 years, Paramount Bed Holdings Co's highest Days Inventory was 82.25. The lowest was 54.34. And the median was 57.91.

TSE:7817's Days Inventory is ranked better than
88.8% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 189.73 vs TSE:7817: 82.25

Paramount Bed Holdings Co's Days Inventory increased from Dec. 2022 (79.86) to Dec. 2023 (92.42). It might indicate that Paramount Bed Holdings Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Paramount Bed Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.99.

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. Paramount Bed Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.52.


Paramount Bed Holdings Co Days Inventory Historical Data

The historical data trend for Paramount Bed 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.

* Premium members only.

Paramount Bed Holdings Co Days Inventory Chart

Paramount Bed Holdings 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 55.97 55.94 57.42 66.75 73.61

Paramount Bed 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 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 79.86 70.26 85.91 81.67 92.42

Competitive Comparison of Paramount Bed Holdings Co's Days Inventory

For the Medical Instruments & Supplies subindustry, Paramount Bed 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.


Paramount Bed Holdings Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Paramount Bed Holdings Co's Days Inventory distribution charts can be found below:

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



Paramount Bed Holdings Co Days Inventory Calculation

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

Paramount Bed 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
=( (9641 + 11255) / 2 ) / 51807*365
=10448 / 51807*365
=73.61

Paramount Bed 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
=( (11814 + 12677) / 2 ) / 12091*365 / 4
=12245.5 / 12091*365 / 4
=92.42

* 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.


Paramount Bed Holdings Co  (TSE:7817) 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.

Paramount Bed Holdings 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.

Paramount Bed Holdings 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.


Paramount Bed Holdings Co Days Inventory Related Terms

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


Paramount Bed Holdings Co (TSE:7817) Business Description

Traded in Other Exchanges
N/A
Address
14-5, Higashisuna, 2-chome, Koto-ku, Tokyo, JPN, 136-8671
Paramount Bed Holdings Co Ltd manufactures medical and nursing care products. Its acute care business sells products to intensive care units and other acute care facilities to relieve patient discomfort and prevent secondary infections. The long-term care business sells products used at long-term medical care facilities and nursing homes. The residential and nursing care business sells products to nurses and home-care helpers. The sleep and wellness business sells products to help customers sleep soundly, which include custom-made mattresses. The maintenance business provides bed maintenance and cleaning services. Paramount Bed generates the vast majority of its revenue in Japan.

Paramount Bed Holdings Co (TSE:7817) Headlines

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