Takasago Thermal Engineering Co (TSE:1969) Days Inventory : 4.66 (As of Mar. 2024)

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What is Takasago Thermal Engineering Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Takasago Thermal Engineering Co's Average Total Inventories for the three months ended in Mar. 2024 was 円4,208 Mil. Takasago Thermal Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円82,446 Mil. Hence, Takasago Thermal Engineering Co's Days Inventory for the three months ended in Mar. 2024 was 4.66.

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

TSE:1969' s Days Inventory Range Over the Past 10 Years
Min: 4.09 Med: 5.43 Max: 6.92
Current: 4.72

During the past 13 years, Takasago Thermal Engineering Co's highest Days Inventory was 6.92. The lowest was 4.09. And the median was 5.43.

TSE:1969's Days Inventory is ranked better than
86.6% of 1396 companies
in the Construction industry
Industry Median: 48.905 vs TSE:1969: 4.72

Takasago Thermal Engineering Co's Days Inventory increased from Mar. 2023 (3.90) to Mar. 2024 (4.66). It might indicate that Takasago Thermal Engineering Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Takasago Thermal Engineering Co's Inventory Turnover for the three months ended in Mar. 2024 was 19.59.

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. Takasago Thermal Engineering Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.04.

Takasago Thermal Engineering Co Days Inventory Historical Data

The historical data trend for Takasago Thermal Engineering 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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Takasago Thermal Engineering Co Days Inventory Chart

Takasago Thermal Engineering Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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6.10

6.92

5.35

4.09

4.44

Takasago Thermal Engineering Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															3.90	4.77	5.12	4.97	4.66

Competitive Comparison of Takasago Thermal Engineering Co's Days Inventory

For the Building Products & Equipment subindustry, Takasago Thermal Engineering 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.

Takasago Thermal Engineering Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Takasago Thermal Engineering Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Takasago Thermal Engineering Co's Days Inventory falls into.

Takasago Thermal Engineering Co Days Inventory Calculation

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

Takasago Thermal Engineering Co's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (3330	+	4057)	/	2 )	/	303419	*	365
=	3693.5					/	303419	*	365
=	4.44

Takasago Thermal Engineering Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4359	+	4057)	/	2 )	/	82446	*	365 / 4
=	4208					/	82446	*	365 / 4
=	4.66

Takasago Thermal Engineering Co (TSE:1969) 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.

Takasago Thermal Engineering Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	82446	/	4208
	=	19.59

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.

Takasago Thermal Engineering Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4208	/	99634
	=	0.04

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.

Takasago Thermal Engineering Co Days Inventory Related Terms

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

Takasago Thermal Engineering Co (TSE:1969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Takasago Thermal Engineering Co Ltd (TSE:1969) » Definitions » Days Inventory

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Address

6-27-30, Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

http://www.tte-net.co.jp

Takasago Thermal Engineering is a Japan-based company that designs, constructs, manufactures, and installs heating, ventilation, and air conditioning, or HVAC, systems, clean room and related systems, plumbing and sanitation systems, cogeneration systems, electrical systems, instrumentation systems, equipment diagnosis/failure diagnosis systems, dehumidifying/drying systems, vacuum conveying systems for waste, discharged-heat recovery systems, heating/cooling systems, refrigerating/freezing systems, other types of environmental control systems and thermal engineering systems, and so on. In addition, the company is engaged in coordinating construction work, security, and cleaning, with further focuses on energy supply, power generation, and water treatment.

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