Ecology and Combustion (NGO:6225) Days Inventory : 158.39 (As of Jan. 2024)

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What is Ecology and Combustion Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ecology and Combustion's Average Total Inventories for the three months ended in Jan. 2024 was 円594 Mil. Ecology and Combustion's Cost of Goods Sold for the three months ended in Jan. 2024 was 円342 Mil. Hence, Ecology and Combustion's Days Inventory for the three months ended in Jan. 2024 was 158.39.

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

NGO:6225' s Days Inventory Range Over the Past 10 Years
Min: 92.77 Med: 129.37 Max: 165.97
Current: 128.76

During the past 2 years, Ecology and Combustion's highest Days Inventory was 165.97. The lowest was 92.77. And the median was 129.37.

NGO:6225's Days Inventory is ranked worse than
53.86% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs NGO:6225: 128.76

Ecology and Combustion's Days Inventory increased from Jan. 2023 (109.20) to Jan. 2024 (158.39). It might indicate that Ecology and Combustion's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ecology and Combustion's Inventory Turnover for the three months ended in Jan. 2024 was 0.58.

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. Ecology and Combustion's Inventory-to-Revenue for the three months ended in Jan. 2024 was 1.11.

Ecology and Combustion Days Inventory Historical Data

The historical data trend for Ecology and Combustion'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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Ecology and Combustion Days Inventory Chart

Ecology and Combustion Annual Data

Trend

Jul22

Jul23

Days Inventory

165.97

92.77

Ecology and Combustion Quarterly Data
	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial			109.20	105.83	80.24	207.34	158.39

Competitive Comparison of Ecology and Combustion's Days Inventory

For the Specialty Industrial Machinery subindustry, Ecology and Combustion'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.

Ecology and Combustion's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ecology and Combustion's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ecology and Combustion's Days Inventory falls into.

Ecology and Combustion Days Inventory Calculation

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

Ecology and Combustion's Days Inventory for the fiscal year that ended in Jul. 2023 is calculated as

	Days Inventory (A: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (473.7	+	410.111)	/	2 )	/	1738.673	*	365
=	441.9055					/	1738.673	*	365
=	92.77

Ecology and Combustion'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
=	( (557.793	+	631.022)	/	2 )	/	342.448	*	365 / 4
=	594.4075					/	342.448	*	365 / 4
=	158.39

Ecology and Combustion (NGO:6225) 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.

Ecology and Combustion's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	342.448	/	594.4075
	=	0.58

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.

Ecology and Combustion's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	594.4075	/	537.443
	=	1.11

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.

Ecology and Combustion Days Inventory Related Terms

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

Ecology and Combustion (NGO:6225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ecology and Combustion Inc (NGO:6225) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-5-6 Shinmiyakoda (Hamamatsu Technopolis), Kita-Ku, Hamamatsu, JPN, 4312103

Website

https://www.ecom-jp.co.jp

Ecology and Combustion Inc is engaged in the development, design, manufacture and maintenance of heating equipment. It develops, design, manufacture, and maintain deodorizing equipment, aluminum melting/holding furnaces, drying furnaces, heat treatment furnaces, and burners.

Ecology and Combustion (NGO:6225) Headlines

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