Tachibana Eletech Co (TSE:8159) Days Inventory : 85.52 (As of Dec. 2023)

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What is Tachibana Eletech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tachibana Eletech Co's Average Total Inventories for the three months ended in Dec. 2023 was 円44,859 Mil. Tachibana Eletech Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円47,863 Mil. Hence, Tachibana Eletech Co's Days Inventory for the three months ended in Dec. 2023 was 85.52.

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

TSE:8159' s Days Inventory Range Over the Past 10 Years
Min: 22.9 Med: 27.11 Max: 71.54
Current: 71.54

During the past 13 years, Tachibana Eletech Co's highest Days Inventory was 71.54. The lowest was 22.90. And the median was 27.11.

TSE:8159's Days Inventory is ranked better than
68.97% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs TSE:8159: 71.54

Tachibana Eletech Co's Days Inventory increased from Dec. 2022 (51.81) to Dec. 2023 (85.52). It might indicate that Tachibana Eletech Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tachibana Eletech Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.07.

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. Tachibana Eletech Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.80.

Tachibana Eletech Co Days Inventory Historical Data

The historical data trend for Tachibana Eletech 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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Tachibana Eletech Co Days Inventory Chart

Tachibana Eletech Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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28.95

31.10

33.86

44.57

56.30

Tachibana Eletech 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															51.81	58.15	69.40	74.46	85.52

Competitive Comparison of Tachibana Eletech Co's Days Inventory

For the Electronic Components subindustry, Tachibana Eletech 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.

Tachibana Eletech Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tachibana Eletech Co's Days Inventory distribution charts can be found below:

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

Tachibana Eletech Co Days Inventory Calculation

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

Tachibana Eletech 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
=	( (26570	+	34009)	/	2 )	/	196365	*	365
=	30289.5					/	196365	*	365
=	56.30

Tachibana Eletech 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
=	( (43500	+	46218)	/	2 )	/	47863	*	365 / 4
=	44859					/	47863	*	365 / 4
=	85.52

Tachibana Eletech Co (TSE:8159) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	47863	/	44859
	=	1.07

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	44859	/	55965
	=	0.80

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.

Tachibana Eletech Co Days Inventory Related Terms

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

Tachibana Eletech Co (TSE:8159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tachibana Eletech Co Ltd (TSE:8159) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-13-25, Nishi-honmachi, Nishi-ku, Osaka, JPN, 550-8555

Website

http://www.tachibana.co.jp

Tachibana Eletech Co Ltd is a Japan based technology driven company engaged in the sale of factory automation systems. It operates in the segments of Factory automation systems business, Semiconductors and electronic devices business, and Building services systems business. The company derives a majority of the revenue from the Factory automation systems business, which involves products and services like programmable controllers, inverters, AC servos, various types of motors, power distribution control equipment and control devices, industrial robots, and other products. It has a business presence in Japan and various other countries.

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