ITO EN (TSE:2593) Days Inventory : 80.80 (As of Jan. 2024)

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What is ITO EN Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ITO EN's Average Total Inventories for the three months ended in Jan. 2024 was 円55,942 Mil. ITO EN's Cost of Goods Sold for the three months ended in Jan. 2024 was 円63,176 Mil. Hence, ITO EN's Days Inventory for the three months ended in Jan. 2024 was 80.80.

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

TSE:2593' s Days Inventory Range Over the Past 10 Years
Min: 47.56 Med: 55.28 Max: 76.79
Current: 76.01

During the past 13 years, ITO EN's highest Days Inventory was 76.79. The lowest was 47.56. And the median was 55.28.

TSE:2593's Days Inventory is ranked worse than
60.19% of 108 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 66.17 vs TSE:2593: 76.01

ITO EN's Days Inventory declined from Jan. 2023 (85.23) to Jan. 2024 (80.80).

Inventory Turnover measures how fast the company turns over its inventory within a year. ITO EN's Inventory Turnover for the three months ended in Jan. 2024 was 1.13.

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. ITO EN's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.54.

ITO EN Days Inventory Historical Data

The historical data trend for ITO EN'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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ITO EN Days Inventory Chart

ITO EN Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Inventory

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56.94

65.04

71.93

75.48

76.79

ITO EN 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															85.23	82.51	73.07	70.84	80.80

Competitive Comparison of ITO EN's Days Inventory

For the Beverages - Non-Alcoholic subindustry, ITO EN'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.

ITO EN's Days Inventory Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, ITO EN's Days Inventory distribution charts can be found below:

* The bar in red indicates where ITO EN's Days Inventory falls into.

ITO EN Days Inventory Calculation

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

ITO EN's Days Inventory for the fiscal year that ended in Apr. 2023 is calculated as

	Days Inventory (A: Apr. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (54317	+	57647)	/	2 )	/	266089	*	365
=	55982					/	266089	*	365
=	76.79

ITO EN'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
=	( (56079	+	55805)	/	2 )	/	63176	*	365 / 4
=	55942					/	63176	*	365 / 4
=	80.80

ITO EN (TSE:2593) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	63176	/	55942
	=	1.13

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	55942	/	103724
	=	0.54

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.

ITO EN Days Inventory Related Terms

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

ITO EN (TSE:2593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » ITO EN Ltd (TSE:2593) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ITOEF:USA

Address

47-10, Honmachi 3-chome, Shibuya-ku, Tokyo, JPN, 151-8550

Website

https://www.itoen.co.jp

ITO EN Ltd makes beverages and other tea and nutritional products that it sells in Japan. Ito En primarily sells green tea products, including ready-to-drink beverages, tea bags, and other tea leaf products, under its Oi Ocha brand. Other beverages the company sells include black tea, Chinese tea, coffee, vegetable beverages, fruit beverages, mineral water, and functional beverages. The Leaf- and Drink-Related business segment makes up roughly 90% of the company's total revenue. Most remaining revenue is generated from Ito En's restaurant business, which operates hundreds of Tully's coffee shops in Japan.

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