Optorun Co (TSE:6235) Days Inventory : 405.63 (As of Dec. 2023)

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What is Optorun Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Optorun Co's Average Total Inventories for the three months ended in Dec. 2023 was 円18,975 Mil. Optorun Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,269 Mil. Hence, Optorun Co's Days Inventory for the three months ended in Dec. 2023 was 405.63.

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

TSE:6235' s Days Inventory Range Over the Past 10 Years
Min: 159.85 Med: 288.08 Max: 408.51
Current: 408.51

During the past 9 years, Optorun Co's highest Days Inventory was 408.51. The lowest was 159.85. And the median was 288.08.

TSE:6235's Days Inventory is ranked worse than
94.74% of 2909 companies
in the Industrial Products industry
Industry Median: 120.85 vs TSE:6235: 408.51

Optorun Co's Days Inventory increased from Dec. 2022 (332.63) to Dec. 2023 (405.63). It might indicate that Optorun Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Optorun Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.22.

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. Optorun Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.41.

Optorun Co Days Inventory Historical Data

The historical data trend for Optorun 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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Optorun Co Days Inventory Chart

Optorun Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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288.08

210.60

250.28

313.82

382.02

Optorun 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															332.63	439.04	342.30	513.62	405.63

Competitive Comparison of Optorun Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Optorun 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.

Optorun Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Optorun Co's Days Inventory distribution charts can be found below:

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

Optorun Co Days Inventory Calculation

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

Optorun 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
=	( (20429.813	+	17988.69)	/	2 )	/	18353.481	*	365
=	19209.2515					/	18353.481	*	365
=	382.02

Optorun 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
=	( (19961.642	+	17988.69)	/	2 )	/	4268.592	*	365 / 4
=	18975.166					/	4268.592	*	365 / 4
=	405.63

Optorun Co (TSE:6235) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4268.592	/	18975.166
	=	0.22

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18975.166	/	7873.92
	=	2.41

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.

Optorun Co Days Inventory Related Terms

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

Optorun Co (TSE:6235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Optorun Co Ltd (TSE:6235) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Takeno 10-1, Saitama-ken, Kawagoe, JPN, 350-0801

Website

http://www.optorun.co.jp

Optorun Co Ltd is engaged in manufacturing, distribution and import/export of vacuum coating machines, peripheral equipment, and units using vacuum coating products. Precise control and physical vapor deposition (PVD) speed stabilization, are the pillars of thin film manufacturing technology. It uses such technology for the performance of RF ion sources, optical film thickness monitors, and sensor units. The company utilizes vacuum deposition equipment in the antireflection coating and hard coating for mobile phones, heat transmission mirrors are used in medical lighting, DVD pickup lenses, and other products.

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