Sumitomo Realty & Development Co (TSE:8830) Days Inventory : 481.13 (As of Dec. 2023)

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What is Sumitomo Realty & Development Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sumitomo Realty & Development Co's Average Total Inventories for the three months ended in Dec. 2023 was 円775,768 Mil. Sumitomo Realty & Development Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円147,130 Mil. Hence, Sumitomo Realty & Development Co's Days Inventory for the three months ended in Dec. 2023 was 481.13.

The historical rank and industry rank for Sumitomo Realty & Development Co's Days Inventory or its related term are showing as below:

TSE:8830' s Days Inventory Range Over the Past 10 Years
Min: 350.52 Med: 443.01 Max: 492.59
Current: 436.02

During the past 13 years, Sumitomo Realty & Development Co's highest Days Inventory was 492.59. The lowest was 350.52. And the median was 443.01.

TSE:8830's Days Inventory is ranked better than
61.18% of 1324 companies
in the Real Estate industry
Industry Median: 693.655 vs TSE:8830: 436.02

Sumitomo Realty & Development Co's Days Inventory increased from Dec. 2022 (443.21) to Dec. 2023 (481.13). It might indicate that Sumitomo Realty & Development Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sumitomo Realty & Development Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.19.

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. Sumitomo Realty & Development Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.51.

Sumitomo Realty & Development Co Days Inventory Historical Data

The historical data trend for Sumitomo Realty & Development 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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Sumitomo Realty & Development Co Days Inventory Chart

Sumitomo Realty & Development Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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375.55

350.52

372.70

386.57

438.42

Sumitomo Realty & Development 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															443.21	395.09	448.26	435.02	481.13

Competitive Comparison of Sumitomo Realty & Development Co's Days Inventory

For the Real Estate Services subindustry, Sumitomo Realty & Development 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.

Sumitomo Realty & Development Co's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sumitomo Realty & Development Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sumitomo Realty & Development Co's Days Inventory falls into.

Sumitomo Realty & Development Co Days Inventory Calculation

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

Sumitomo Realty & Development 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
=	( (712449	+	790069)	/	2 )	/	625452	*	365
=	751259					/	625452	*	365
=	438.42

Sumitomo Realty & Development 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
=	( (766451	+	785085)	/	2 )	/	147130	*	365 / 4
=	775768					/	147130	*	365 / 4
=	481.13

Sumitomo Realty & Development Co (TSE:8830) 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.

Sumitomo Realty & Development Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	147130	/	775768
	=	0.19

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.

Sumitomo Realty & Development Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	775768	/	221215
	=	3.51

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.

Sumitomo Realty & Development Co Days Inventory Related Terms

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

Sumitomo Realty & Development Co (TSE:8830) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sumitomo Realty & Development Co Ltd (TSE:8830) » Definitions » Days Inventory

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SURDF:USA

Address

Shinjuku NS Building, 4-1, Nishi-Shinjuku 2-chome, Shinjuku-ku, Tokyo, JPN, 163-0820

Website

http://www.sumitomo-rd.co.jp

Sumitomo Realty & Development is one of the three big Japanese real estate companies. Unlike Mitsubishi Estate in Marunouchi or Mitsui Fudosan in Nihonbashi, it did not inherit a cluster of prime properties from its prewar predecessor, so Sumitomo Realty has built up a portfolio dispersed across central Tokyo (not just in the main business districts) by opportunistically redeveloping plots of land acquired piecemeal. After office leasing, condo development is a relatively important business for Sumitomo Realty, contributing close to one fourth of its operating profit. The firm is slightly smaller than Mitsubishi Estate and Mitsui Fudosan by assets and has more financial leverage than they do.

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