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Densan System Co (NGO:3630) Total Inventories : 円1,153 Mil (As of Mar. 2021)


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What is Densan System Co Total Inventories?

Densan System Co's total inventories for the quarter that ended in Mar. 2021 was 円1,153 Mil. Densan System Co's average total inventories from the quarter that ended in Dec. 2020 to the quarter that ended in Mar. 2021 was 円1,359 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Densan System Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was 円-1,194.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Densan System Co's Days Inventory for the three months ended in Mar. 2021 was 11.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Densan System Co's Inventory Turnover for the quarter that ended in Mar. 2021 was 7.70.

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. Densan System Co's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.11.


Densan System Co Total Inventories Historical Data

The historical data trend for Densan System Co's Total Inventories 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.

Densan System Co Total Inventories Chart

Densan System Co Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 629.01 518.10 1,123.30 1,407.06 1,565.82

Densan System Co Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Total Inventories 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 1,353.96 1,047.80 1,249.75 1,565.82 1,152.63

Densan System Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Densan System Co  (NGO:3630) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Densan System Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 is

Net-Net Working Capital Per Share (Q: Mar. 2021 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11841.581+0.75 * 6875.055+0.5 * 1152.633-30265.884
-0-191.46)/10.785
=-1,194.54

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

Densan System Co's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2021 )/Cost of Goods Sold (Q: Mar. 2021 )*Days in Period
=1359.2275/10466.095*365 / 4
=11.85

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Densan System Co's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2021 ) / Average Total Inventories (Q: Mar. 2021 )
=10466.095 / 1359.2275
=7.70

4. 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.

Densan System Co's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2021 ) / Revenue (Q: Mar. 2021 )
=1359.2275 / 12752.402
=0.11

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Densan System Co Total Inventories Related Terms

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Densan System Co Business Description

Traded in Other Exchanges
N/A
Address
1-58, Hikie, Gifu, JPN, 501-6196
Densan System Co Ltd is an integrated data-processing services company. The range of services provided by the company includes systems engineering and development, the procurement of hardware that optimizes the construction of systems environment, and the operation and maintenance of the systems. The company also provides a wide variety of settlement services.

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