WDB Holdings Co (TSE:2475) Days Inventory : 0.45 (As of Dec. 2023)

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What is WDB Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). WDB Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was 円47 Mil. WDB Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円9,511 Mil. Hence, WDB Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 0.45.

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

TSE:2475' s Days Inventory Range Over the Past 10 Years
Min: 0.4 Med: 1.86 Max: 2.18
Current: 0.42

During the past 13 years, WDB Holdings Co's highest Days Inventory was 2.18. The lowest was 0.40. And the median was 1.86.

TSE:2475's Days Inventory is ranked better than
94.85% of 679 companies
in the Business Services industry
Industry Median: 29.67 vs TSE:2475: 0.42

WDB Holdings Co's Days Inventory declined from Dec. 2022 (0.49) to Dec. 2023 (0.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. WDB Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 204.09.

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. WDB Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

WDB Holdings Co Days Inventory Historical Data

The historical data trend for WDB Holdings 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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WDB Holdings Co Days Inventory Chart

WDB Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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1.99

1.88

1.84

1.04

0.40

WDB Holdings 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															0.49	0.39	0.40	0.45	0.45

Competitive Comparison of WDB Holdings Co's Days Inventory

For the Staffing & Employment Services subindustry, WDB Holdings 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.

WDB Holdings Co's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, WDB Holdings Co's Days Inventory distribution charts can be found below:

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

WDB Holdings Co Days Inventory Calculation

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

WDB Holdings 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
=	( (38.094	+	40.79)	/	2 )	/	35667.759	*	365
=	39.442					/	35667.759	*	365
=	0.40

WDB Holdings 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
=	( (47.312	+	45.89)	/	2 )	/	9510.843	*	365 / 4
=	46.601					/	9510.843	*	365 / 4
=	0.45

WDB Holdings Co (TSE:2475) 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.

WDB Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9510.843	/	46.601
	=	204.09

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.

WDB Holdings Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	46.601	/	12631.721
	=	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.

WDB Holdings Co Days Inventory Related Terms

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

WDB Holdings Co (TSE:2475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » WDB Holdings Co Ltd (TSE:2475) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

79 Toyosawa-cho, Hyogo, Himeji, JPN, 670-0964

Website

http://www.wdbhd.co.jp

WDB Holdings Co Ltd is a Japan based holding company engaged in providing human resource services. It specializes in temporary staffing and permanent employee introductions in fields such as biotechnology and chemistry research and development. The company operates in the businesses of Human resource services, CRO business, Contract research business, and Interaction business. In Human resource services, the company provides temporary staffing and recruiting services. In the CRO business, it offers support from basic research to clinical trials in the pharmaceutical, medical and other industries. The company operates contract research business in the fields of new materials, marine organism and industrial machinery.

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