Aso International (TSE:9340) Days Inventory : 26.76 (As of Dec. 2023)

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What is Aso International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aso International's Average Total Inventories for the three months ended in Dec. 2023 was 円140 Mil. Aso International's Cost of Goods Sold for the three months ended in Dec. 2023 was 円478 Mil. Hence, Aso International's Days Inventory for the three months ended in Dec. 2023 was 26.76.

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

TSE:9340' s Days Inventory Range Over the Past 10 Years
Min: 16.7 Med: 21.1 Max: 31.23
Current: 31.01

During the past 3 years, Aso International's highest Days Inventory was 31.23. The lowest was 16.70. And the median was 21.10.

TSE:9340's Days Inventory is ranked better than
96.91% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 190.88 vs TSE:9340: 31.01

Aso International's Days Inventory declined from Dec. 2022 (30.78) to Dec. 2023 (26.76).

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. Aso International's Inventory Turnover for the three months ended in Dec. 2023 was 3.41.

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. Aso International's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.16.

Aso International Days Inventory Historical Data

The historical data trend for Aso International'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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Aso International Days Inventory Chart

Aso International Annual Data

Trend

Jun21

Jun22

Jun23

Days Inventory

16.70

21.10

31.23

Aso International Quarterly Data
	Jun21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial			30.78	34.54	35.58	29.57	26.76

Competitive Comparison of Aso International's Days Inventory

For the Medical Instruments & Supplies subindustry, Aso International'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.

Aso International's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Aso International's Days Inventory distribution charts can be found below:

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

Aso International Days Inventory Calculation

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

Aso International's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (123.021	+	178.185)	/	2 )	/	1760.428	*	365
=	150.603					/	1760.428	*	365
=	31.23

Aso International'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
=	( (143.936	+	136.402)	/	2 )	/	477.974	*	365 / 4
=	140.169					/	477.974	*	365 / 4
=	26.76

Aso International (TSE:9340) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	477.974	/	140.169
	=	3.41

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	140.169	/	853.037
	=	0.16

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.

Aso International Days Inventory Related Terms

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

Aso International (TSE:9340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Aso International Inc (TSE:9340) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-11-8 Ginza, Chuo-ku, No. 22 Chuo Building, 3rd FLoor, Tokyo, JPN, 104-0061

Website

http://www.aso-inter.co.jp

Aso International Inc is engaged in the manufacturing and sale of orthodontic appliances.

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