Vega Co (TSE:3542) Days Inventory : 123.70 (As of Dec. 2023)

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What is Vega Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vega Co's Average Total Inventories for the three months ended in Dec. 2023 was 円2,638 Mil. Vega Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,946 Mil. Hence, Vega Co's Days Inventory for the three months ended in Dec. 2023 was 123.70.

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

TSE:3542' s Days Inventory Range Over the Past 10 Years
Min: 78.02 Med: 97.5 Max: 129.77
Current: 95.94

During the past 9 years, Vega Co's highest Days Inventory was 129.77. The lowest was 78.02. And the median was 97.50.

TSE:3542's Days Inventory is ranked better than
55.79% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.235 vs TSE:3542: 95.94

Vega Co's Days Inventory increased from Dec. 2022 (93.55) to Dec. 2023 (123.70). It might indicate that Vega Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vega Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.74.

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. Vega Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.68.

Vega Co Days Inventory Historical Data

The historical data trend for Vega 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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Vega Co Days Inventory Chart

Vega Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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123.50

129.77

78.02

110.37

103.26

Vega 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															93.55	75.11	77.40	104.42	123.70

Competitive Comparison of Vega Co's Days Inventory

For the Internet Retail subindustry, Vega 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.

Vega Co's Days Inventory Distribution in the Retail - Cyclical Industry

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

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

Vega Co Days Inventory Calculation

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

Vega 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
=	( (2990.999	+	1819.594)	/	2 )	/	8501.882	*	365
=	2405.2965					/	8501.882	*	365
=	103.26

Vega 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
=	( (2523.638	+	2752.997)	/	2 )	/	1946.284	*	365 / 4
=	2638.3175					/	1946.284	*	365 / 4
=	123.70

Vega Co (TSE:3542) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1946.284	/	2638.3175
	=	0.74

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2638.3175	/	3906.159
	=	0.68

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.

Vega Co Days Inventory Related Terms

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

Vega Co (TSE:3542) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Vega Corp Co Ltd (TSE:3542) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-20 Gionmachi, 4th Floor, Hakata Gion Center Place, Hakata-ku, Fukuoka, JPN, 812-0038

Website

http://www.vega-c.com

Vega Corp Co Ltd operates EC platform focused on lifestyle furniture, interior products, and sundries. The company sells furniture and interior products. It is engaged in the provision of Internet mail-order businesses of furniture and interior, and operation of a global e-commerce (EC) site targeted for cross-border market. The E-commerce platform is engaged in purchasing and sale of sofas, chairs and beds.

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