Toyo Kanetsu KK (TSE:6369) Days Inventory : 54.26 (As of Dec. 2023)

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What is Toyo Kanetsu KK Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Toyo Kanetsu KK's Average Total Inventories for the three months ended in Dec. 2023 was 円6,591 Mil. Toyo Kanetsu KK's Cost of Goods Sold for the three months ended in Dec. 2023 was 円11,084 Mil. Hence, Toyo Kanetsu KK's Days Inventory for the three months ended in Dec. 2023 was 54.26.

The historical rank and industry rank for Toyo Kanetsu KK's Days Inventory or its related term are showing as below:

TSE:6369' s Days Inventory Range Over the Past 10 Years
Min: 41.81 Med: 54.05 Max: 87.59
Current: 56.27

During the past 13 years, Toyo Kanetsu KK's highest Days Inventory was 87.59. The lowest was 41.81. And the median was 54.05.

TSE:6369's Days Inventory is ranked better than
85.98% of 2911 companies
in the Industrial Products industry
Industry Median: 120.53 vs TSE:6369: 56.27

Toyo Kanetsu KK's Days Inventory increased from Dec. 2022 (51.69) to Dec. 2023 (54.26). It might indicate that Toyo Kanetsu KK's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Toyo Kanetsu KK's Inventory Turnover for the three months ended in Dec. 2023 was 1.68.

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 Kanetsu KK's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.48.

Toyo Kanetsu KK Days Inventory Historical Data

The historical data trend for Toyo Kanetsu KK'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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Toyo Kanetsu KK Days Inventory Chart

Toyo Kanetsu KK Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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64.21

87.59

47.24

46.44

54.67

Toyo Kanetsu KK Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															49.28	68.36	58.90	54.26	49.18

Competitive Comparison of Toyo Kanetsu KK's Days Inventory

For the Specialty Industrial Machinery subindustry, Toyo Kanetsu KK'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 Kanetsu KK's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Toyo Kanetsu KK's Days Inventory falls into.

Toyo Kanetsu KK Days Inventory Calculation

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

Toyo Kanetsu KK's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (5923	+	6665)	/	2 )	/	42019	*	365
=	6294					/	42019	*	365
=	54.67

Toyo Kanetsu KK'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
=	( (6371	+	6810)	/	2 )	/	11084	*	365 / 4
=	6590.5					/	11084	*	365 / 4
=	54.26

Toyo Kanetsu KK (TSE:6369) 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 Kanetsu KK's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11084	/	6590.5
	=	1.68

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6590.5	/	13872
	=	0.48

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 Kanetsu KK Days Inventory Related Terms

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

Toyo Kanetsu KK (TSE:6369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Kanetsu KK (TSE:6369) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

11-1, Minamisuna 2-chome, Koto-ku, Tokyo, JPN, 136-8666

Website

http://www.toyokanetsu.co.jp

Toyo Kanetsu KK produces and sells industrial furnaces. It operates in two reportable segments which include Plant and machinery segment and Material handling system segment. Plant and machinery comprise of designing, manufacturing, installation of storage tanks for LNG (Liquefied natural gas), crude oil and other gases and liquids whereas Material handling system segment is engaged in the development, designing and installation of distribution system especially for sorting, picking and conveyance. The business activity of the group is operated by Japan, Southeast Asia, Oceania, and Internationally.

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