Hiroshima Gas Co (TSE:9535) Days Inventory : 50.57 (As of Dec. 2023)

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What is Hiroshima Gas Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hiroshima Gas Co's Average Total Inventories for the three months ended in Dec. 2023 was 円8,548 Mil. Hiroshima Gas Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円15,423 Mil. Hence, Hiroshima Gas Co's Days Inventory for the three months ended in Dec. 2023 was 50.57.

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

TSE:9535' s Days Inventory Range Over the Past 10 Years
Min: 29.53 Med: 32.9 Max: 49.59
Current: 49.59

During the past 13 years, Hiroshima Gas Co's highest Days Inventory was 49.59. The lowest was 29.53. And the median was 32.90.

TSE:9535's Days Inventory is ranked worse than
67.17% of 731 companies
in the Oil & Gas industry
Industry Median: 31.81 vs TSE:9535: 49.59

Hiroshima Gas Co's Days Inventory declined from Dec. 2022 (51.79) to Dec. 2023 (50.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hiroshima Gas Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.80.

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. Hiroshima Gas Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.41.

Hiroshima Gas Co Days Inventory Historical Data

The historical data trend for Hiroshima 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.

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Hiroshima Gas Co Days Inventory Chart

Hiroshima Gas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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29.53

38.77

44.45

39.80

44.61

Hiroshima Gas 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															51.79	45.38	48.20	53.65	50.57

Competitive Comparison of Hiroshima Gas Co's Days Inventory

For the Oil & Gas Integrated subindustry, Hiroshima 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.

Hiroshima Gas Co's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hiroshima Gas Co's Days Inventory distribution charts can be found below:

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

Hiroshima Gas Co Days Inventory Calculation

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

Hiroshima Gas 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
=	( (5884	+	9443)	/	2 )	/	62698	*	365
=	7663.5					/	62698	*	365
=	44.61

Hiroshima Gas 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
=	( (8811	+	8285)	/	2 )	/	15423	*	365 / 4
=	8548					/	15423	*	365 / 4
=	50.57

Hiroshima Gas Co (TSE:9535) 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.

Hiroshima Gas Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15423	/	8548
	=	1.80

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.

Hiroshima Gas Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8548	/	21067
	=	0.41

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.

Hiroshima Gas Co Days Inventory Related Terms

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

Hiroshima Gas Co (TSE:9535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hiroshima Gas Co Ltd (TSE:9535) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-7-1 Minami-machi, Minami-ku, Hiroshima, JPN, 734-8555

Website

http://www.hiroshima-gas.co.jp

Hiroshima Gas Co Ltd engages in the gas business which includes the sale of gas appliances, liquefied natural gas (LNG), and liquefied petroleum gas (LPG). It engages in the production, supply, and sale of gas; wholesale supply of gas to other gas companies; sale of gas devices; and installation of gas equipment associated with gas devices, as well as safety inspections and gas meter data collection activities. The company is also involved in the sale of LPG and LPG devices; refilling of LPG tanks; installation of LPG pipes; and construction of gas pipes and lines. In addition, it engages in the engineering; machinery installation; fees collection and call center operation; and information distribution activities, as well as provision of services for seniors.

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