Hokkaido Gas Co (TSE:9534) Days Inventory: 26.60 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9534 Hokkaido Gas Co Ltd TSE:9534
74 GF Score
Price 円776.00
GF Value 円568.93
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Hokkaido Gas Co Days Inventory?

Hokkaido Gas Co TSE:9534 +0.26% 74 Days Inventory is 26.60 as of Mar. 2026, which is 8% below its 10-year median of 28.78. GuruFocus rates TSE:9534 with a GF Score™ of 74/100 and a GF Value™ of 円568.93 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 452 Utilities - Regulated companies, Hokkaido Gas Co ranks worse than 67.26% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Hokkaido Gas Co's Average Total Inventories for the three months ended in Mar. 2026 was 円11,835 Mil. Hokkaido Gas Co's Cost of Goods Sold for the three months ended in Mar. 2026 was 円40,606 Mil. Hence, Hokkaido Gas Co's Days Inventory for the three months ended in Mar. 2026 was 26.60.

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

TSE:9534' s Days Inventory Range Over the Past 10 Years
Min: 18.17   Med: 28.78   Max: 42.67
Current: 35.82

During the past 13 years, Hokkaido Gas Co's highest Days Inventory was 42.67. The lowest was 18.17. And the median was 28.78.

TSE:9534's Days Inventory is ranked worse than
67.26% of 452 companies
in the Utilities - Regulated industry
Industry Median: 22.52 vs TSE:9534: 35.82

Hokkaido Gas Co's Days Inventory increased from Mar. 2025 (24.96) to Mar. 2026 (26.60). It might indicate that Hokkaido Gas Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hokkaido Gas Co's Inventory Turnover for the three months ended in Mar. 2026 was 3.43.

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 Gas Co's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.20.


Hokkaido Gas Co  (TSE:9534) 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 Gas Co's Inventory Turnover for the three months ended in Mar. 2026 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.

Hokkaido Gas Co's Inventory to Revenue for the three months ended in Mar. 2026 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.


Hokkaido Gas Co Days Inventory Related Terms


Hokkaido Gas Co Days Inventory Historical Data

* Premium members only.

The historical data trend for Hokkaido Gas 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.

Hokkaido Gas Co Days Inventory Chart

Hokkaido Gas Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.58 37.26 42.67 31.35 33.89

Hokkaido Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 24.96 48.05 47.50 31.81 26.60

TSE:9534 vs ATO, NI: Days Inventory Comparison

For the Utilities - Regulated Gas subindustry, Hokkaido Gas 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 Gas Co Days Inventory vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hokkaido Gas Co's Days Inventory distribution charts can be found below:

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


TSE:9534
74GF Score
Hokkaido Gas Co Ltd TSE:9534
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hokkaido Gas Co Days Inventory Calculation

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

Hokkaido Gas Co's Days Inventory for the fiscal year that ended in Mar. 2026 is calculated as

Days Inventory (A: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (10855 + 11338) / 2 ) / 119514*365
=11096.5 / 119514*365
=33.89

Hokkaido Gas Co's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (12332 + 11338) / 2 ) / 40606*365 / 4
=11835 / 40606*365 / 4
=26.60

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 26.60 mean?
Hokkaido Gas Co (TSE:9534) has a Days Inventory of 26.60 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Hokkaido Gas Co and its competitors. This is near median its historical median of 28.78. Over the past decade, Hokkaido Gas Co's Days Inventory has ranged from 18.17 to 42.67. According to the industry distribution chart, Hokkaido Gas Co ranks #304 out of 452 companies in the Utilities - Regulated industry, placing it in the top 67.3%.
Is Hokkaido Gas Co's Days Inventory too high?
Hokkaido Gas Co's current Days Inventory of 26.60 is near median its 10-year median of 28.78. Over the past 10 years, this metric has ranged from a low of 18.17 to a high of 42.67. The Utilities - Regulated industry median Days Inventory is 22.52. Hokkaido Gas Co's value of 26.60 is 18.1% above this industry median. Based on the distribution chart, Hokkaido Gas Co ranks #304 out of 452 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Hokkaido Gas Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Gas Co's Days Inventory compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokkaido Gas Co ranks #304 out of 452 companies for Days Inventory. This places Hokkaido Gas Co in the lower half of its industry. The industry median Days Inventory is 22.52. Hokkaido Gas Co's value of 26.60 is 18.1% above this benchmark. Historically, Hokkaido Gas Co's own Days Inventory has ranged from 18.17 to 42.67 over the past decade. While the company's 10-year median is 28.78 vs. the industry median of 22.52, Hokkaido Gas Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Utilities - Regulated company?
The median Days Inventory among Utilities - Regulated companies is 22.52, based on 452 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hokkaido Gas Co's current Days Inventory of 26.60 is 18.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Hokkaido Gas Co and its competitors. For the Utilities - Regulated industry, the median Days Inventory is 22.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkaido Gas Co's current Days Inventory is 26.60, which is near median its own 10-year median of 28.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokkaido Gas Co (TSE:9534) is currently considered Significantly Overvalued. The stock's GF Value™ is 円568.93, compared to a current price of 円776.00 — trading 36.4% above its estimated fair value. The current Days Inventory is 26.60, which is near median its 10-year median of 28.78 and 18.1% above the Utilities - Regulated industry median of 22.52. Hokkaido Gas Co's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Hokkaido Gas Co (TSE:9534), the current Days Inventory is 26.60 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hokkaido Gas Co (TSE:9534) Overvalued in 2026?

Based on GuruFocus' analysis, Hokkaido Gas Co stock appears to be overvalued. The current stock price of 円776.00 is trading 36.4% above its estimated GF Value™ of 円568.93. GuruFocus considers Hokkaido Gas Co to be Significantly Overvalued.

Key valuation signals for TSE:9534:

  • Days Inventory: 26.60 (near median its 10-year median of 28.78)
  • GF Value™: 円568.93 vs. price of 円776.00 (36.4% above fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 18.1% above the Utilities - Regulated median (#304 of 452)

No single metric tells the full story. See the TSE:9534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hokkaido Gas Co Business Description

Address Kita 7-jo Higashi 2-chome 1-1, Sapporo City Higashi Ward, Sapporo, JPN
Hokkaido Gas Co Ltd is a Japan-based company operating in the utility sector. Its business activities included gas, heat supply, power supply, and sale of gas by-products. The company is also engaged in the production and sale of gas appliances and related construction work. Hokkaido serves to individual and corporate customers in areas throughout Japan including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami.
74GF Score

Get the complete analysis for TSE:9534

Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円776.00
Price
円568.93
GF Value