Artgreen Co (NGO:3419) Days Inventory : 43.52 (As of Jan. 2024)

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What is Artgreen Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Artgreen Co's Average Total Inventories for the three months ended in Jan. 2024 was 円158 Mil. Artgreen Co's Cost of Goods Sold for the three months ended in Jan. 2024 was 円331 Mil. Hence, Artgreen Co's Days Inventory for the three months ended in Jan. 2024 was 43.52.

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

NGO:3419' s Days Inventory Range Over the Past 10 Years
Min: 28.59 Med: 34.96 Max: 49.9
Current: 41.72

During the past 10 years, Artgreen Co's highest Days Inventory was 49.90. The lowest was 28.59. And the median was 34.96.

NGO:3419's Days Inventory is ranked better than
82.35% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 81.97 vs NGO:3419: 41.72

Artgreen Co's Days Inventory declined from Jan. 2023 (51.49) to Jan. 2024 (43.52).

Inventory Turnover measures how fast the company turns over its inventory within a year. Artgreen Co's Inventory Turnover for the three months ended in Jan. 2024 was 2.10.

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. Artgreen Co's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.27.

Artgreen Co Days Inventory Historical Data

The historical data trend for Artgreen 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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Artgreen Co Days Inventory Chart

Artgreen Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Inventory

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37.33

49.90

47.29

44.96

39.71

Artgreen Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															51.49	41.61	40.75	38.97	43.52

Competitive Comparison of Artgreen Co's Days Inventory

For the Farm Products subindustry, Artgreen 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.

Artgreen Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Artgreen Co's Days Inventory distribution charts can be found below:

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

Artgreen Co Days Inventory Calculation

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

Artgreen Co's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

	Days Inventory (A: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (160.993	+	150.148)	/	2 )	/	1429.893	*	365
=	155.5705					/	1429.893	*	365
=	39.71

Artgreen Co's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (150.148	+	165.27)	/	2 )	/	330.701	*	365 / 4
=	157.709					/	330.701	*	365 / 4
=	43.52

Artgreen Co (NGO:3419) 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.

Artgreen Co's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	330.701	/	157.709
	=	2.10

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.

Artgreen Co's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	157.709	/	583.692
	=	0.27

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.

Artgreen Co Days Inventory Related Terms

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

Artgreen Co (NGO:3419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Artgreen Co Ltd (NGO:3419) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fukuzumi Building 1-8-8 Fukuzumi, Koto Ward, Tokyo, JPN, 135-0032

Website

http://www.artgreen.co.jp

Artgreen Co Ltd is specialized in flower business and offers various services ranging from seed production, sales, distribution. It is a supplier and grower of orchid seeds and other seedlings. It is engaged in the importing and marketing of flower. It also produces the artificial flower.

Artgreen Co (NGO:3419) Headlines

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