Idemitsu Kosan Co (TSE:5019) Days Inventory : 60.98 (As of Dec. 2023)

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What is Idemitsu Kosan Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Idemitsu Kosan Co's Average Total Inventories for the three months ended in Dec. 2023 was 円1,442,974 Mil. Idemitsu Kosan Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,159,284 Mil. Hence, Idemitsu Kosan Co's Days Inventory for the three months ended in Dec. 2023 was 60.98.

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

TSE:5019' s Days Inventory Range Over the Past 10 Years
Min: 39.19 Med: 52.14 Max: 64.42
Current: 64.42

During the past 13 years, Idemitsu Kosan Co's highest Days Inventory was 64.42. The lowest was 39.19. And the median was 52.14.

TSE:5019's Days Inventory is ranked worse than
74.93% of 730 companies
in the Oil & Gas industry
Industry Median: 31.47 vs TSE:5019: 64.42

Idemitsu Kosan Co's Days Inventory increased from Dec. 2022 (59.73) to Dec. 2023 (60.98). It might indicate that Idemitsu Kosan Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Idemitsu Kosan Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.50.

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. Idemitsu Kosan Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.61.

Idemitsu Kosan Co Days Inventory Historical Data

The historical data trend for Idemitsu Kosan 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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Idemitsu Kosan Co Days Inventory Chart

Idemitsu Kosan Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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52.01

39.19

60.14

55.19

49.91

Idemitsu Kosan 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															59.73	59.19	71.90	63.94	60.98

Competitive Comparison of Idemitsu Kosan Co's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Idemitsu Kosan 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.

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

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

* The bar in red indicates where Idemitsu Kosan Co's Days Inventory falls into.

Idemitsu Kosan Co Days Inventory Calculation

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

Idemitsu Kosan 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
=	( (1060205	+	1308570)	/	2 )	/	8662258	*	365
=	1184387.5					/	8662258	*	365
=	49.91

Idemitsu Kosan 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
=	( (1400078	+	1485870)	/	2 )	/	2159284	*	365 / 4
=	1442974					/	2159284	*	365 / 4
=	60.98

Idemitsu Kosan Co (TSE:5019) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2159284	/	1442974
	=	1.50

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1442974	/	2377802
	=	0.61

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.

Idemitsu Kosan Co Days Inventory Related Terms

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

Idemitsu Kosan Co (TSE:5019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Idemitsu Kosan Co Ltd (TSE:5019) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

IDKOY:USA IDKOF:USA I7B:Germany

Address

1-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8321

Website

http://www.idemitsu.co.jp

Idemitsu Kosan Co., Ltd. engages in a variety of activities globally that include petroleum products, oil exploration and production, coal, and other businesses. Revenue is primarily generated through a petroleum products segment that includes processing of oil and marketing and distribution of oil and lubricants. Oil products are sold through a network of service stations, in Asian markets. Idemitsu's lubricants find a use in marine engines and other industrial applications. Through a group of subsidiaries, the company also conducts business in electronics production, liquefied petroleum gas sales, credit card services, and agricultural chemical sales.

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