Days Inventory is also known as Days Sales of Inventory (DSI). JFE Holdings's Average Total Inventories for the
three
months ended in Mar. 2024 was 円1,339,103 Mil. JFE Holdings's Cost of Goods Sold for the
three
months ended in Mar. 2024 was 円1,143,438 Mil.
Hence, JFE Holdings's Days Inventory for the
three
months ended in Mar. 2024 was 106.86.
The historical rank and industry rank for JFE Holdings's Days Inventory or its related term are showing as below:
TSE:5411'
s Days Inventory Range Over the Past 10 Years
Min: 84.26 Med: 97.32 Max: 109.68
Current: 108.6
During the past 13 years, JFE Holdings's highest Days Inventory was 109.68. The lowest was 84.26. And the median was 97.32.
TSE:5411's Days Inventory is ranked worse than 63.54% of 576
companies
in the Steel industry
Industry Median: 85.94
vs TSE:5411: 108.60
JFE Holdings's Days Inventory
increased
from Mar. 2023 (102.89) to Mar. 2024 (106.86).
It might indicate that JFE Holdings's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
JFE Holdings's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.85.
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.
JFE Holdings's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 1.02.
JFE Holdings Days Inventory Historical Data
The historical data trend for JFE Holdings'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 JFE Holdings's Days Inventory
For the Steel subindustry, JFE Holdings'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.
JFE Holdings's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, JFE Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where JFE Holdings's Days Inventory falls into.
JFE Holdings Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
JFE Holdings's Days Inventory for the fiscal year that ended in Mar. 2024 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.
JFE Holdings (TSE:5411) 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.
JFE Holdings's Inventory Turnover for the
three
months ended in Mar. 2024 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.
JFE Holdings's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
JFE Holdings Days Inventory Related Terms
Thank you for viewing the detailed overview of JFE Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
JFE Holdings Inc is a Japan-based company operating through three subsidiaries, namely JFE Steel, JFE Engineering and JFE Shoji. JFE Steel produces and sells a wide range of steel products and raw materials, and also operates peripheral businesses such as transporting, maintenance and construction of equipment. JFE Engineering provides engineering services for energy, urban environment, recycle, steel construction and industrial machines and systems. JFE Shoji purchases, processes and sells steel products, raw materials for steel production, nonferrous metal products, food, etc. Steel manufacturing and trading account for majority of JFE's revenue. The company generates most of its sales from the Japanese market.
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