Kitz (TSE:6498) Days Inventory : 106.77 (As of Dec. 2023)

View and export this data going back to 1961. Start your Free Trial

What is Kitz Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kitz's Average Total Inventories for the three months ended in Dec. 2023 was 円37,562 Mil. Kitz's Cost of Goods Sold for the three months ended in Dec. 2023 was 円32,101 Mil. Hence, Kitz's Days Inventory for the three months ended in Dec. 2023 was 106.77.

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

TSE:6498' s Days Inventory Range Over the Past 10 Years
Min: 72.05 Med: 86.98 Max: 106.57
Current: 106.57

During the past 13 years, Kitz's highest Days Inventory was 106.57. The lowest was 72.05. And the median was 86.98.

TSE:6498's Days Inventory is ranked better than
57.1% of 2909 companies
in the Industrial Products industry
Industry Median: 120.85 vs TSE:6498: 106.57

Kitz's Days Inventory increased from Dec. 2022 (97.62) to Dec. 2023 (106.77). It might indicate that Kitz's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kitz's Inventory Turnover for the three months ended in Dec. 2023 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. Kitz's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.86.

Kitz Days Inventory Historical Data

The historical data trend for Kitz'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.

* Premium members only.

Kitz Days Inventory Chart

Kitz Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

84.92

86.65

94.49

91.46

90.14

Kitz 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															97.62	108.92	103.52	110.28	106.77

Competitive Comparison of Kitz's Days Inventory

For the Specialty Industrial Machinery subindustry, Kitz'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.

Kitz's Days Inventory Distribution in the Industrial Products Industry

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

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

Kitz Days Inventory Calculation

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

Kitz's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (26807	+	33006)	/	2 )	/	121095	*	365
=	29906.5					/	121095	*	365
=	90.14

Kitz'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
=	( (38079	+	37045)	/	2 )	/	32101	*	365 / 4
=	37562					/	32101	*	365 / 4
=	106.77

Kitz (TSE:6498) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	32101	/	37562
	=	0.85

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	37562	/	43583
	=	0.86

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.

Kitz Days Inventory Related Terms

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

Kitz (TSE:6498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kitz Corp (TSE:6498) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-10-1 Nakase Mihama-ku, Chiba, JPN, 2618577

Website

http://www.kitz.co.jp

Kitz Corp is a Japan-based company that operates through segments namely valve manufacturing business in which the company manufactures and sells valves, fittings, water purifiers, and industrial filters. the brass manufacturing business involves manufacturing and selling of brass rods for machined or forged products. The company's products consist of brass, cast iron, ductile iron, strainer, bronze, and others. It generates a majority of its revenue from the Valve manufacturing business.

Kitz (TSE:6498) Headlines

No Headlines