Higashinihon Gas (FRA:HIS) Days Inventory : 0.00 (As of Dec. 2013)

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What is Higashinihon Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Higashinihon Gas's Average Total Inventories for the three months ended in Dec. 2013 was €0.00 Mil. Higashinihon Gas's Cost of Goods Sold for the three months ended in Dec. 2013 was €6.17 Mil. Hence, Higashinihon Gas's Days Inventory for the three months ended in Dec. 2013 was 0.00.

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

FRA:HIS's Days Inventory is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 23.46
* Ranked among companies with meaningful Days Inventory only.

Higashinihon Gas's Days Inventory stayed the same from Dec. 2012 (0.00) to Dec. 2013 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Higashinihon Gas's Inventory-to-Revenue for the three months ended in Dec. 2013 was 0.00.

Higashinihon Gas Days Inventory Historical Data

The historical data trend for Higashinihon Gas'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.

* Premium members only.

Higashinihon Gas Days Inventory Chart

Higashinihon Gas Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Days Inventory

Higashinihon Gas Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Days Inventory	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Higashinihon Gas's Days Inventory

For the Utilities - Regulated Gas subindustry, Higashinihon Gas'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.

Higashinihon Gas's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Higashinihon Gas's Days Inventory distribution charts can be found below:

* The bar in red indicates where Higashinihon Gas's Days Inventory falls into.

Higashinihon Gas Days Inventory Calculation

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

Higashinihon Gas's Days Inventory for the fiscal year that ended in Mar. 2013 is calculated as

	Days Inventory (A: Mar. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2012 )	+	Total Inventories (A: Mar. 2013 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2013 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	27.715	*	365
=	0					/	27.715	*	365
=	0.00

Higashinihon Gas's Days Inventory for the quarter that ended in Dec. 2013 is calculated as:

	Days Inventory (Q: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	6.17	*	365 / 4
=	0					/	6.17	*	365 / 4
=	0.00

Higashinihon Gas (FRA:HIS) 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.

Higashinihon Gas's Inventory Turnover for the three months ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.17	/	0
	=

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.

Higashinihon Gas's Inventory to Revenue for the three months ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	12.235
	=	0.00

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.

Higashinihon Gas Days Inventory Related Terms

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

Higashinihon Gas (FRA:HIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Higashinihon Gas Corporation (FRA:HIS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.hngas.co.jp

Higashinihon Gas Corporation is engaged in the production and supply of natural gas as well as construction of gas pipelines for key areas in East Japan. It also sells gas appliances and related equipment.

Higashinihon Gas (FRA:HIS) Headlines

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