Days Inventory is also known as Days Sales of Inventory (DSI). Azbil's Average Total Inventories for the
three
months ended in Dec. 2023 was 円46,907 Mil. Azbil's Cost of Goods Sold for the
three
months ended in Dec. 2023 was 円41,632 Mil.
Hence, Azbil's Days Inventory for the
three
months ended in Dec. 2023 was 102.81.
The historical rank and industry rank for Azbil's Days Inventory or its related term are showing as below:
TSE:6845'
s Days Inventory Range Over the Past 10 Years
Min: 39.12 Med: 53.74 Max: 91.83
Current: 91.83
During the past 13 years, Azbil's highest Days Inventory was 91.83. The lowest was 39.12. And the median was 53.74.
TSE:6845's Days Inventory is ranked better than 66.44% of 2905
companies
in the Industrial Products industry
Industry Median: 120.1
vs TSE:6845: 91.83
Azbil's Days Inventory
increased
from Dec. 2022 (82.45) to Dec. 2023 (102.81).
It might indicate that Azbil's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Azbil's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.89.
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.
Azbil's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.64.
Azbil Days Inventory Historical Data
The historical data trend for Azbil'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.
For the Specialty Industrial Machinery subindustry, Azbil'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.
Azbil's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Azbil's Days Inventory distribution charts can be found below:
* The bar in red indicates where Azbil's Days Inventory falls into.
Azbil Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Azbil's Days Inventory for the fiscal year that ended in Mar. 2023 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.
Azbil (TSE:6845) 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.
Azbil's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Azbil's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Azbil Days Inventory Related Terms
Thank you for viewing the detailed overview of Azbil's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Azbil Corp is a Japan-based company that primarily operates through three segments. The building automation segment designs and manufactures building automation products, which include application software, controllers, valves, sensors, and others. This segment also provides engineering, maintenance, energy-saving, and facility management services. The advanced automation segment provides products, solutions, and engineering and maintenance services to help plants improve efficiency. The life automation segment is involved in utilities serviced, pharmaceutical and medical fields, life sciences research, and others. The company generates the majority of its revenue from the Japanese domestic market.
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