Central Automotive Products (TSE:8117) Days Inventory : 38.07 (As of Dec. 2023)

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What is Central Automotive Products Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Central Automotive Products's Average Total Inventories for the three months ended in Dec. 2023 was 円2,400 Mil. Central Automotive Products's Cost of Goods Sold for the three months ended in Dec. 2023 was 円5,751 Mil. Hence, Central Automotive Products's Days Inventory for the three months ended in Dec. 2023 was 38.07.

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

TSE:8117' s Days Inventory Range Over the Past 10 Years
Min: 14.71 Med: 20.7 Max: 35.94
Current: 35.94

During the past 13 years, Central Automotive Products's highest Days Inventory was 35.94. The lowest was 14.71. And the median was 20.70.

TSE:8117's Days Inventory is ranked better than
87.43% of 1257 companies
in the Vehicles & Parts industry
Industry Median: 81.74 vs TSE:8117: 35.94

Central Automotive Products's Days Inventory increased from Dec. 2022 (26.78) to Dec. 2023 (38.07). It might indicate that Central Automotive Products's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Central Automotive Products's Inventory Turnover for the three months ended in Dec. 2023 was 2.40.

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. Central Automotive Products's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.23.

Central Automotive Products Days Inventory Historical Data

The historical data trend for Central Automotive Products'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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Central Automotive Products Days Inventory Chart

Central Automotive Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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20.18

20.80

23.21

23.75

27.60

Central Automotive Products 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															26.78	31.46	38.98	35.41	38.07

Competitive Comparison of Central Automotive Products's Days Inventory

For the Auto Parts subindustry, Central Automotive Products'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.

Central Automotive Products's Days Inventory Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Central Automotive Products's Days Inventory falls into.

Central Automotive Products Days Inventory Calculation

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

Central Automotive Products'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
=	( (1247.535	+	1949.599)	/	2 )	/	21140.454	*	365
=	1598.567					/	21140.454	*	365
=	27.60

Central Automotive Products'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
=	( (2270.44	+	2528.56)	/	2 )	/	5751.324	*	365 / 4
=	2399.5					/	5751.324	*	365 / 4
=	38.07

Central Automotive Products (TSE:8117) 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.

Central Automotive Products's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5751.324	/	2399.5
	=	2.40

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.

Central Automotive Products's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2399.5	/	10242.644
	=	0.23

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.

Central Automotive Products Days Inventory Related Terms

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

Central Automotive Products (TSE:8117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Central Automotive Products Ltd (TSE:8117) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-30, 4-Chrome, Nakanoshim, Kita-ku, Osaka, JPN

Website

http://www.central-auto.co.jp

Central Automotive Products Ltd is engaged in the business of developing automobile parts. The product line includes - Timing parts, piston rings, cylinder liners, engine bearing, transmission parts, suspension parts, steering parts, shock absorber, brake parts, clutch, cooling parts, air conditioning parts, filter, cable, and engine oil.

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