GSI Creos (TSE:8101) Days Inventory : 31.53 (As of Dec. 2023)

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What is GSI Creos Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GSI Creos's Average Total Inventories for the three months ended in Dec. 2023 was 円12,433 Mil. GSI Creos's Cost of Goods Sold for the three months ended in Dec. 2023 was 円35,983 Mil. Hence, GSI Creos's Days Inventory for the three months ended in Dec. 2023 was 31.53.

The historical rank and industry rank for GSI Creos's Days Inventory or its related term are showing as below:

TSE:8101' s Days Inventory Range Over the Past 10 Years
Min: 25.09 Med: 27.88 Max: 35.37
Current: 34.14

During the past 13 years, GSI Creos's highest Days Inventory was 35.37. The lowest was 25.09. And the median was 27.88.

TSE:8101's Days Inventory is ranked better than
91.31% of 1001 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 131.33 vs TSE:8101: 34.14

GSI Creos's Days Inventory increased from Dec. 2022 (24.47) to Dec. 2023 (31.53). It might indicate that GSI Creos's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. GSI Creos's Inventory Turnover for the three months ended in Dec. 2023 was 2.89.

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. GSI Creos's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.31.

GSI Creos Days Inventory Historical Data

The historical data trend for GSI Creos'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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GSI Creos Days Inventory Chart

GSI Creos Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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26.11

33.93

34.18

35.37

32.97

GSI Creos 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															24.47	38.17	36.59	32.18	31.53

Competitive Comparison of GSI Creos's Days Inventory

For the Textile Manufacturing subindustry, GSI Creos'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.

GSI Creos's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GSI Creos's Days Inventory distribution charts can be found below:

* The bar in red indicates where GSI Creos's Days Inventory falls into.

GSI Creos Days Inventory Calculation

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

GSI Creos'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
=	( (9758	+	11384)	/	2 )	/	117034	*	365
=	10571					/	117034	*	365
=	32.97

GSI Creos'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
=	( (12107	+	12758)	/	2 )	/	35983	*	365 / 4
=	12432.5					/	35983	*	365 / 4
=	31.53

GSI Creos (TSE:8101) 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.

GSI Creos's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	35983	/	12432.5
	=	2.89

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.

GSI Creos's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12432.5	/	39952
	=	0.31

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.

GSI Creos Days Inventory Related Terms

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

GSI Creos (TSE:8101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » GSI Creos Corp (TSE:8101) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two-chome, 3-1 Kudan-minami, Tokyo, JPN

Website

http://www.gsi.co.jp

GSI Creos Corp is a Japan based company engaged in the business of textile materials, industrial products, and nanotechnology. The products of the company include innerwear, outerwear, women's casual brand, composite molded article, and functional base paper.

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