Kaname Kogyo Co (TSE:6566) Days Inventory : 0.74 (As of Dec. 2023)

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What is Kaname Kogyo Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kaname Kogyo Co's Average Total Inventories for the three months ended in Dec. 2023 was 円22 Mil. Kaname Kogyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,717 Mil. Hence, Kaname Kogyo Co's Days Inventory for the three months ended in Dec. 2023 was 0.74.

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

TSE:6566' s Days Inventory Range Over the Past 10 Years
Min: 0.78 Med: 0.94 Max: 1.36
Current: 0.79

During the past 8 years, Kaname Kogyo Co's highest Days Inventory was 1.36. The lowest was 0.78. And the median was 0.94.

TSE:6566's Days Inventory is ranked better than
95.26% of 211 companies
in the Waste Management industry
Industry Median: 22.94 vs TSE:6566: 0.79

Kaname Kogyo Co's Days Inventory declined from Dec. 2022 (0.92) to Dec. 2023 (0.74).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kaname Kogyo Co's Inventory Turnover for the three months ended in Dec. 2023 was 122.90.

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. Kaname Kogyo Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.

Kaname Kogyo Co Days Inventory Historical Data

The historical data trend for Kaname Kogyo 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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Kaname Kogyo Co Days Inventory Chart

Kaname Kogyo Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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0.86

0.78

0.96

0.91

0.89

Kaname Kogyo 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															0.92	0.86	0.85	0.74	0.74

Competitive Comparison of Kaname Kogyo Co's Days Inventory

For the Waste Management subindustry, Kaname Kogyo 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.

Kaname Kogyo Co's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Kaname Kogyo Co's Days Inventory distribution charts can be found below:

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

Kaname Kogyo Co Days Inventory Calculation

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

Kaname Kogyo Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (21.13	+	28.212)	/	2 )	/	10119.357	*	365
=	24.671					/	10119.357	*	365
=	0.89

Kaname Kogyo 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
=	( (21.545	+	22.663)	/	2 )	/	2716.522	*	365 / 4
=	22.104					/	2716.522	*	365 / 4
=	0.74

Kaname Kogyo Co (TSE:6566) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2716.522	/	22.104
	=	122.90

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.104	/	3450.487
	=	0.01

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.

Kaname Kogyo Co Days Inventory Related Terms

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

Kaname Kogyo Co (TSE:6566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Kaname Kogyo Co Ltd (TSE:6566) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-8 Ikebukuro, Toshimaku, Ikebukuro NS Building, Tokyo, JPN, 171-0014

Website

https://www.kaname-k.co.jp

Kaname Kogyo Co Ltd is a Japan-based company, engages in the provision of waste management services. It is engaged in collecting, transportation, disposal, and recycling of industrial waste, such as bins, cans, plastic bottles, bulky waste, as well as the general waste.

Kaname Kogyo Co (TSE:6566) Headlines

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