Arnest One (TSE:8895) Days Inventory : 163.77 (As of Dec. 2013)

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What is Arnest One Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arnest One's Average Total Inventories for the three months ended in Dec. 2013 was 円84,790 Mil. Arnest One's Cost of Goods Sold for the three months ended in Dec. 2013 was 円47,243 Mil. Hence, Arnest One's Days Inventory for the three months ended in Dec. 2013 was 163.77.

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

TSE:8895' s Days Inventory Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.04
Current: 0.04

During the past 9 years, Arnest One's highest Days Inventory was 0.04. The lowest was 0.02. And the median was 0.03.

TSE:8895's Days Inventory is not ranked
in the Homebuilding & Construction industry.
Industry Median: 325.77 vs TSE:8895: 0.04

Arnest One's Days Inventory increased from Dec. 2012 (0.00) to Dec. 2013 (163.77). It might indicate that Arnest One's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Arnest One's Inventory Turnover for the three months ended in Dec. 2013 was 0.56.

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. Arnest One's Inventory-to-Revenue for the three months ended in Dec. 2013 was 1.51.

Arnest One Days Inventory Historical Data

The historical data trend for Arnest One'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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Arnest One Days Inventory Chart

Arnest One Annual Data

Trend

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Days Inventory

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0.01

51.38

112.34

114.95

113.53

Arnest One Quarterly Data
	Mar05	Mar06	Mar07	Mar08	Mar10	Mar11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Days Inventory	Get a 7-Day Free Trial									-	94.08	185.02	141.57	163.77

Competitive Comparison of Arnest One's Days Inventory

For the Residential Construction subindustry, Arnest One'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.

Arnest One's Days Inventory Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Arnest One's Days Inventory distribution charts can be found below:

* The bar in red indicates where Arnest One's Days Inventory falls into.

Arnest One Days Inventory Calculation

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

Arnest One's Days Inventory for the fiscal year that ended in Mar. 2013 is calculated as

	Days Inventory (A: Mar. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2012 )	+	Total Inventories (A: Mar. 2013 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2013 )	*	Days in Period
=	( (47974	+	58438)	/	2 )	/	171055	*	365
=	53206					/	171055	*	365
=	113.53

Arnest One's Days Inventory for the quarter that ended in Dec. 2013 is calculated as:

	Days Inventory (Q: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (80577	+	89003)	/	2 )	/	47243	*	365 / 4
=	84790					/	47243	*	365 / 4
=	163.77

Arnest One (TSE:8895) 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.

Arnest One's Inventory Turnover for the three months ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	47243	/	84790
	=	0.56

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.

Arnest One's Inventory to Revenue for the three months ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	84790	/	56088
	=	1.51

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.

Arnest One Days Inventory Related Terms

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

Arnest One (TSE:8895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Arnest One Corporation (TSE:8895) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-2-22 Kitahara-cho, Nishi-tokyo-shi, Tokyo, JPN, 188-0003

Website

http://www.arnest1.co.jp

Arnest One Corp is a Japanese company mainly engaged in subdividing and selling single-family home and condominiums. The company also provides construction works as a contractor. Its business is classified into three groups, Single-Family Homes, Condominiums and other related business.

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