Foster Electric Co (TSE:6794) Days Inventory : 102.99 (As of Dec. 2023)

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What is Foster Electric Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Foster Electric Co's Average Total Inventories for the three months ended in Dec. 2023 was 円29,249 Mil. Foster Electric Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円25,916 Mil. Hence, Foster Electric Co's Days Inventory for the three months ended in Dec. 2023 was 102.99.

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

TSE:6794' s Days Inventory Range Over the Past 10 Years
Min: 57.88 Med: 80.42 Max: 106.79
Current: 105.48

During the past 13 years, Foster Electric Co's highest Days Inventory was 106.79. The lowest was 57.88. And the median was 80.42.

TSE:6794's Days Inventory is ranked worse than
50.77% of 2407 companies
in the Hardware industry
Industry Median: 103.77 vs TSE:6794: 105.48

Foster Electric Co's Days Inventory declined from Dec. 2022 (119.83) to Dec. 2023 (102.99).

Inventory Turnover measures how fast the company turns over its inventory within a year. Foster Electric Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.89.

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. Foster Electric Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.94.

Foster Electric Co Days Inventory Historical Data

The historical data trend for Foster Electric 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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Foster Electric Co Days Inventory Chart

Foster Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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89.22

79.99

88.92

106.79

104.65

Foster Electric 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															119.83	106.08	110.67	95.87	102.99

Competitive Comparison of Foster Electric Co's Days Inventory

For the Consumer Electronics subindustry, Foster Electric 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.

Foster Electric Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Foster Electric Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Foster Electric Co's Days Inventory falls into.

Foster Electric Co Days Inventory Calculation

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

Foster Electric 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
=	( (30454	+	29861)	/	2 )	/	105183	*	365
=	30157.5					/	105183	*	365
=	104.65

Foster Electric 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
=	( (28361	+	30137)	/	2 )	/	25916	*	365 / 4
=	29249					/	25916	*	365 / 4
=	102.99

Foster Electric Co (TSE:6794) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	25916	/	29249
	=	0.89

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	29249	/	31143
	=	0.94

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.

Foster Electric Co Days Inventory Related Terms

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

Foster Electric Co (TSE:6794) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Foster Electric Co Ltd (TSE:6794) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-109, Tsutsujigaoka, Akishima City, Tokyo, JPN, 196-8550

Website

http://www.foster.co.jp

Foster Electric is a Japan-based company that conducts operation through four segments. The information and communication components and products segment produces and sells headsets and small speakers for mobile phones and commercial microphones, and this segment contributes around half of total revenue. The automotive components and products segment produces car speakers and car speaker systems. The acoustic components and products segment offers speakers and speaker systems for audio devices and TVs, amplifier built-in speakers, headphones, and others. The other segment offers Fostex brand products, micro acoustic components, and logistics services. The company has manufacturing bases in various countries, such as China, Vietnam, South Korea, Indonesia, and elsewhere.

Foster Electric Co (TSE:6794) Headlines

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