ITOCHU-SHOKUHIN Co (TSE:2692) Days Inventory : 11.28 (As of Dec. 2023)

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What is ITOCHU-SHOKUHIN Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ITOCHU-SHOKUHIN Co's Average Total Inventories for the three months ended in Dec. 2023 was 円21,343 Mil. ITOCHU-SHOKUHIN Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円172,626 Mil. Hence, ITOCHU-SHOKUHIN Co's Days Inventory for the three months ended in Dec. 2023 was 11.28.

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

TSE:2692' s Days Inventory Range Over the Past 10 Years
Min: 7.57 Med: 8.3 Max: 10.99
Current: 10.99

During the past 13 years, ITOCHU-SHOKUHIN Co's highest Days Inventory was 10.99. The lowest was 7.57. And the median was 8.30.

TSE:2692's Days Inventory is ranked better than
90.64% of 299 companies
in the Retail - Defensive industry
Industry Median: 36.41 vs TSE:2692: 10.99

ITOCHU-SHOKUHIN Co's Days Inventory declined from Dec. 2022 (12.05) to Dec. 2023 (11.28).

Inventory Turnover measures how fast the company turns over its inventory within a year. ITOCHU-SHOKUHIN Co's Inventory Turnover for the three months ended in Dec. 2023 was 8.09.

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. ITOCHU-SHOKUHIN Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.12.

ITOCHU-SHOKUHIN Co Days Inventory Historical Data

The historical data trend for ITOCHU-SHOKUHIN 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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ITOCHU-SHOKUHIN Co Days Inventory Chart

ITOCHU-SHOKUHIN Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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8.51

8.19

8.66

9.32

9.54

ITOCHU-SHOKUHIN 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															13.91	10.74	10.43	11.28	13.18

Competitive Comparison of ITOCHU-SHOKUHIN Co's Days Inventory

For the Food Distribution subindustry, ITOCHU-SHOKUHIN 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.

ITOCHU-SHOKUHIN Co's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, ITOCHU-SHOKUHIN Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where ITOCHU-SHOKUHIN Co's Days Inventory falls into.

ITOCHU-SHOKUHIN Co Days Inventory Calculation

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

ITOCHU-SHOKUHIN 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
=	( (16474	+	16608)	/	2 )	/	632905	*	365
=	16541					/	632905	*	365
=	9.54

ITOCHU-SHOKUHIN 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
=	( (18518	+	24168)	/	2 )	/	172626	*	365 / 4
=	21343					/	172626	*	365 / 4
=	11.28

ITOCHU-SHOKUHIN Co (TSE:2692) 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.

ITOCHU-SHOKUHIN Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	172626	/	21343
	=	8.09

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.

ITOCHU-SHOKUHIN Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21343	/	184681
	=	0.12

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.

ITOCHU-SHOKUHIN Co Days Inventory Related Terms

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

ITOCHU-SHOKUHIN Co (TSE:2692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » ITOCHU-SHOKUHIN Co Ltd (TSE:2692) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-22 Shiromi, Chuo-ku, Osaka, JPN, 540-8522

Website

http://www.itochu-shokuhin.com

ITOCHU-SHOKUHIN Co Ltd is a Japan-based wholesale and distribution of Food company. It is mainly engaged in the sale of food and beverages. Its business division includes The Food Wholesale division which is engaged in the purchase and wholesale of food products and alcohol, the storage and transportation of its products, the provision of information regarding various products, as well as the merchandising business related to product distribution. The others division is involved in the logistics management and transportation business, the retail business, the service business, as well as the food product manufacturing business.

ITOCHU-SHOKUHIN Co (TSE:2692) Headlines

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