Tokyo Ohka Kogyo Co (TSE:4186) Days Inventory : 110.49 (As of Dec. 2023)

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What is Tokyo Ohka Kogyo Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tokyo Ohka Kogyo Co's Average Total Inventories for the three months ended in Dec. 2023 was 円33,042 Mil. Tokyo Ohka Kogyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円27,289 Mil. Hence, Tokyo Ohka Kogyo Co's Days Inventory for the three months ended in Dec. 2023 was 110.49.

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

TSE:4186' s Days Inventory Range Over the Past 10 Years
Min: 72.86 Med: 82.78 Max: 112.98
Current: 112.98

During the past 13 years, Tokyo Ohka Kogyo Co's highest Days Inventory was 112.98. The lowest was 72.86. And the median was 82.78.

TSE:4186's Days Inventory is ranked worse than
55.01% of 2407 companies
in the Hardware industry
Industry Median: 102.53 vs TSE:4186: 112.98

Tokyo Ohka Kogyo Co's Days Inventory increased from Dec. 2022 (91.12) to Dec. 2023 (110.49). It might indicate that Tokyo Ohka Kogyo Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tokyo Ohka Kogyo Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.83.

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. Tokyo Ohka Kogyo Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.76.

Tokyo Ohka Kogyo Co Days Inventory Historical Data

The historical data trend for Tokyo Ohka Kogyo 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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Tokyo Ohka Kogyo Co Days Inventory Chart

Tokyo Ohka Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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90.94

83.86

78.63

83.44

110.36

Tokyo Ohka Kogyo 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															91.12	114.27	119.17	111.18	110.49

Competitive Comparison of Tokyo Ohka Kogyo Co's Days Inventory

For the Electronic Components subindustry, Tokyo Ohka Kogyo 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.

Tokyo Ohka Kogyo Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tokyo Ohka Kogyo Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tokyo Ohka Kogyo Co's Days Inventory falls into.

Tokyo Ohka Kogyo Co Days Inventory Calculation

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

Tokyo Ohka Kogyo Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (30004	+	33081)	/	2 )	/	104320	*	365
=	31542.5					/	104320	*	365
=	110.36

Tokyo Ohka Kogyo 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
=	( (33002	+	33081)	/	2 )	/	27289	*	365 / 4
=	33041.5					/	27289	*	365 / 4
=	110.49

Tokyo Ohka Kogyo Co (TSE:4186) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	27289	/	33041.5
	=	0.83

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	33041.5	/	43650
	=	0.76

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.

Tokyo Ohka Kogyo Co Days Inventory Related Terms

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

Tokyo Ohka Kogyo Co (TSE:4186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tokyo Ohka Kogyo Co Ltd (TSE:4186) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Nakamaruko, Nakahara-ku, Kanagawa, Kawasaki, JPN, 211-0012

Website

http://www.tok.co.jp

Tokyo Ohka Kogyo Co Ltd is a Japan-based company that manufactures functional materials and processing equipment. The processing equipment sold by the firm are primarily used in the manufacturing of semiconductors and liquid crystal display products. The materials used in the manufacturing of these products are also sold by the company, particularly for the photolithography process. The firm also sells inorganic and organic chemicals. Tokyo Ohka Kogyo has manufacturing facilities in the United States, Taiwan, China, and South Korea.

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