Mitani Sekisan Co (TSE:5273) Days Inventory : 26.51 (As of Dec. 2023)

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What is Mitani Sekisan Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mitani Sekisan Co's Average Total Inventories for the three months ended in Dec. 2023 was 円4,799 Mil. Mitani Sekisan Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円16,519 Mil. Hence, Mitani Sekisan Co's Days Inventory for the three months ended in Dec. 2023 was 26.51.

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

TSE:5273' s Days Inventory Range Over the Past 10 Years
Min: 19.11 Med: 20.11 Max: 26.01
Current: 26.01

During the past 13 years, Mitani Sekisan Co's highest Days Inventory was 26.01. The lowest was 19.11. And the median was 20.11.

TSE:5273's Days Inventory is ranked better than
62.59% of 1390 companies
in the Construction industry
Industry Median: 48.575 vs TSE:5273: 26.01

Mitani Sekisan Co's Days Inventory increased from Dec. 2022 (22.99) to Dec. 2023 (26.51). It might indicate that Mitani Sekisan Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mitani Sekisan Co's Inventory Turnover for the three months ended in Dec. 2023 was 3.44.

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. Mitani Sekisan Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.23.

Mitani Sekisan Co Days Inventory Historical Data

The historical data trend for Mitani Sekisan 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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Mitani Sekisan Co Days Inventory Chart

Mitani Sekisan Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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19.11

22.07

20.21

20.30

24.67

Mitani Sekisan Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															23.31	26.61	26.05	26.51	26.19

Competitive Comparison of Mitani Sekisan Co's Days Inventory

For the Building Products & Equipment subindustry, Mitani Sekisan 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.

Mitani Sekisan Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mitani Sekisan Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mitani Sekisan Co's Days Inventory falls into.

Mitani Sekisan Co Days Inventory Calculation

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

Mitani Sekisan Co's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (4281	+	4444)	/	2 )	/	64533	*	365
=	4362.5					/	64533	*	365
=	24.67

Mitani Sekisan 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
=	( (4631	+	4966)	/	2 )	/	16519	*	365 / 4
=	4798.5					/	16519	*	365 / 4
=	26.51

Mitani Sekisan Co (TSE:5273) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	16519	/	4798.5
	=	3.44

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4798.5	/	21304
	=	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.

Mitani Sekisan Co Days Inventory Related Terms

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Mitani Sekisan Co (TSE:5273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mitani Sekisan Co Ltd (TSE:5273) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3-1 Toyoshima, Mitani Building, Fukui-shi,, Fukui, JPN, 910-8571

Website

http://www.m-sekisan.co.jp

Mitani Sekisan Co., Ltd. is a Japanese company. It is engaged in the production and sales of concrete secondary products, manufacture, and sale of gravel products, foundation work, and rental for revetment. The company focuses on manufacturing gravel and stones which are used for civil engineering construction, railway tracking and pavement roadbed materials, raw concrete and various concrete secondary products, aggregates of asphalt composite material and construction materials. It also produces concrete piles and poles and environmental products. The Information-Related Business deals with computer peripheral sales and consigned software production.

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