Seiryo Electric (TSE:4341) Days Inventory : 44.20 (As of Dec. 2023)

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What is Seiryo Electric Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Seiryo Electric's Average Total Inventories for the three months ended in Dec. 2023 was 円1,531 Mil. Seiryo Electric's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,161 Mil. Hence, Seiryo Electric's Days Inventory for the three months ended in Dec. 2023 was 44.20.

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

TSE:4341' s Days Inventory Range Over the Past 10 Years
Min: 20.31 Med: 25.58 Max: 42.6
Current: 42.6

During the past 13 years, Seiryo Electric's highest Days Inventory was 42.60. The lowest was 20.31. And the median was 25.58.

TSE:4341's Days Inventory is ranked worse than
78.04% of 296 companies
in the Telecommunication Services industry
Industry Median: 19.215 vs TSE:4341: 42.60

Seiryo Electric's Days Inventory declined from Dec. 2022 (44.80) to Dec. 2023 (44.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. Seiryo Electric's Inventory Turnover for the three months ended in Dec. 2023 was 2.06.

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. Seiryo Electric's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.35.

Seiryo Electric Days Inventory Historical Data

The historical data trend for Seiryo Electric'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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Seiryo Electric Days Inventory Chart

Seiryo Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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25.09

26.71

30.09

31.43

35.78

Seiryo Electric 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															44.80	29.16	69.24	41.97	44.20

Competitive Comparison of Seiryo Electric's Days Inventory

For the Telecom Services subindustry, Seiryo Electric'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.

Seiryo Electric's Days Inventory Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Seiryo Electric's Days Inventory distribution charts can be found below:

* The bar in red indicates where Seiryo Electric's Days Inventory falls into.

Seiryo Electric Days Inventory Calculation

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

Seiryo Electric'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
=	( (1055	+	1377)	/	2 )	/	12405	*	365
=	1216					/	12405	*	365
=	35.78

Seiryo Electric'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
=	( (1436	+	1626)	/	2 )	/	3161	*	365 / 4
=	1531					/	3161	*	365 / 4
=	44.20

Seiryo Electric (TSE:4341) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3161	/	1531
	=	2.06

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1531	/	4396
	=	0.35

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.

Seiryo Electric Days Inventory Related Terms

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

Seiryo Electric (TSE:4341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Seiryo Electric Corp (TSE:4341) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-27, Dojima, Kita-ku, Shinfujita Building, Osaka, JPN, 530-0003

Website

http://www.seiryodenki.co.jp

Seiryo Electric Corp sales and maintains information communications products equipped with visual aids, such as traffic monitoring systems and meteorological observation instruments. Its system solutions include Radio system and Tracking management solution which is designed to monitor in real-time critical information from surveillance systems like live videos from CCTV, and warning notifications can be shown on digital signage system and issued for preventive actions. It also provides consulting, designing and operations of systems.

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