Days Inventory is also known as Days Sales of Inventory (DSI). Toyo Tire's Average Total Inventories for the
three
months ended in Dec. 2023 was 円107,758 Mil. Toyo Tire's Cost of Goods Sold for the
three
months ended in Dec. 2023 was 円82,926 Mil.
Hence, Toyo Tire's Days Inventory for the
three
months ended in Dec. 2023 was 118.57.
The historical rank and industry rank for Toyo Tire's Days Inventory or its related term are showing as below:
TSE:5105'
s Days Inventory Range Over the Past 10 Years
Min: 86.02 Med: 104.85 Max: 120.26
Current: 120.26
During the past 13 years, Toyo Tire's highest Days Inventory was 120.26. The lowest was 86.02. And the median was 104.85.
TSE:5105's Days Inventory is ranked worse than 74.04% of 1256
companies
in the Vehicles & Parts industry
Industry Median: 81.39
vs TSE:5105: 120.26
Toyo Tire's Days Inventory
increased
from Dec. 2022 (115.97) to Dec. 2023 (118.57).
It might indicate that Toyo Tire's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Toyo Tire's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.77.
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.
Toyo Tire's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.75.
Toyo Tire Days Inventory Historical Data
The historical data trend for Toyo Tire'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.
Competitive Comparison of Toyo Tire's Days Inventory
For the Auto Parts subindustry, Toyo Tire'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.
Toyo Tire's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Toyo Tire's Days Inventory distribution charts can be found below:
* The bar in red indicates where Toyo Tire's Days Inventory falls into.
Toyo Tire Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Toyo Tire's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Toyo Tire (TSE:5105) 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.
Toyo Tire's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Toyo Tire's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Toyo Tire Days Inventory Related Terms
Thank you for viewing the detailed overview of Toyo Tire's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Toyo Tire Corp manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts. The majority of the company's revenue is amassed through Japanese and North American sales. Toyo Tire & Rubber's tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform polymer dispersion. Additional enhancements are gained through driving simulation and propriety T mode simulation. Simulation testing methods enable the company to monitor tire behavior and construction under various situations.
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