IJTT Co (TSE:7315) Days Inventory : 31.10 (As of Dec. 2023)

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What is IJTT Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). IJTT Co's Average Total Inventories for the three months ended in Dec. 2023 was 円12,966 Mil. IJTT Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円38,038 Mil. Hence, IJTT Co's Days Inventory for the three months ended in Dec. 2023 was 31.10.

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

TSE:7315' s Days Inventory Range Over the Past 10 Years
Min: 20.72 Med: 22.86 Max: 31.07
Current: 31.07

During the past 13 years, IJTT Co's highest Days Inventory was 31.07. The lowest was 20.72. And the median was 22.86.

TSE:7315's Days Inventory is not ranked
in the Vehicles & Parts industry.
Industry Median: 81.03 vs TSE:7315: 31.07

IJTT Co's Days Inventory increased from Dec. 2022 (28.70) to Dec. 2023 (31.10). It might indicate that IJTT Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. IJTT Co's Inventory Turnover for the three months ended in Dec. 2023 was 2.93.

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. IJTT Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.31.

IJTT Co Days Inventory Historical Data

The historical data trend for IJTT 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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IJTT Co Days Inventory Chart

IJTT Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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20.79

21.01

23.44

27.89

29.47

IJTT 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															28.70	30.54	32.15	30.73	31.10

Competitive Comparison of IJTT Co's Days Inventory

For the Auto Parts subindustry, IJTT 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.

IJTT Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, IJTT Co's Days Inventory distribution charts can be found below:

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

IJTT Co Days Inventory Calculation

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

IJTT 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
=	( (11811	+	13398)	/	2 )	/	156131	*	365
=	12604.5					/	156131	*	365
=	29.47

IJTT 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
=	( (12803	+	13129)	/	2 )	/	38038	*	365 / 4
=	12966					/	38038	*	365 / 4
=	31.10

IJTT Co (TSE:7315) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	38038	/	12966
	=	2.93

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12966	/	41822
	=	0.31

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.

IJTT Co Days Inventory Related Terms

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

IJTT Co (TSE:7315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » IJTT Co Ltd (TSE:7315) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kanagawa-ku Kinkocho 1: 7, Kanagawa Prefecture, Yokohama Diamond Building, 18th Floor, Yokohama-shi, JPN

Website

https://www.ijtt.co.jp

IJTT Co Ltd engages in the management of its subsidiaries which manufacture and sell truck, industrial vehicles, and construction machinery parts. Its products include automobile-related products, including cylinder blocks and heads, exhaust manifolds, and hub and drum assemblies; construction equipment vehicles and industrial vehicles related products, such as differential carrier assemblies, control valve bodies, and rear covers; propeller shafts; power take off components; engine parts comprising flywheels, drive plates, and ring gears; and crankshafts, I-beams, and axle shafts.

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