MIKIKOGYO CO (TSE:1718) Days Inventory : 82.50 (As of Dec. 2023)

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What is MIKIKOGYO CO Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MIKIKOGYO CO's Average Total Inventories for the three months ended in Dec. 2023 was 円6,413 Mil. MIKIKOGYO CO's Cost of Goods Sold for the three months ended in Dec. 2023 was 円7,093 Mil. Hence, MIKIKOGYO CO's Days Inventory for the three months ended in Dec. 2023 was 82.50.

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

TSE:1718' s Days Inventory Range Over the Past 10 Years
Min: 52.54 Med: 82.6 Max: 95.4
Current: 78.46

During the past 13 years, MIKIKOGYO CO's highest Days Inventory was 95.40. The lowest was 52.54. And the median was 82.60.

TSE:1718's Days Inventory is ranked worse than
62.68% of 1396 companies
in the Construction industry
Industry Median: 49.04 vs TSE:1718: 78.46

MIKIKOGYO CO's Days Inventory increased from Dec. 2022 (71.58) to Dec. 2023 (82.50). It might indicate that MIKIKOGYO CO's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. MIKIKOGYO CO's Inventory Turnover for the three months ended in Dec. 2023 was 1.11.

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. MIKIKOGYO CO's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.75.

MIKIKOGYO CO Days Inventory Historical Data

The historical data trend for MIKIKOGYO 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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MIKIKOGYO CO Days Inventory Chart

MIKIKOGYO CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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84.03

84.64

95.40

84.75

81.16

MIKIKOGYO 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															71.58	53.18	96.39	93.20	82.50

Competitive Comparison of MIKIKOGYO CO's Days Inventory

For the Engineering & Construction subindustry, MIKIKOGYO 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.

MIKIKOGYO CO's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, MIKIKOGYO CO's Days Inventory distribution charts can be found below:

* The bar in red indicates where MIKIKOGYO CO's Days Inventory falls into.

MIKIKOGYO CO Days Inventory Calculation

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

MIKIKOGYO CO's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (5656.948	+	6033.735)	/	2 )	/	26287.83	*	365
=	5845.3415					/	26287.83	*	365
=	81.16

MIKIKOGYO 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
=	( (6792.996	+	6033.735)	/	2 )	/	7093.41	*	365 / 4
=	6413.3655					/	7093.41	*	365 / 4
=	82.50

MIKIKOGYO CO (TSE:1718) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7093.41	/	6413.3655
	=	1.11

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6413.3655	/	8506.122
	=	0.75

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.

MIKIKOGYO CO Days Inventory Related Terms

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

MIKIKOGYO CO (TSE:1718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MIKIKOGYO CO LTD (TSE:1718) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 chome, Higashinobusue, Hyogo Prefecture, Himeji, JPN

Website

http://www.mikikogyo.co.jp

MIKIKOGYO CO LTD is engaged in the construction and real estate business. The Construction segment involves building construction, civil engineering, city gas pipe laying and condominiums. The Real Estate Leasing segment manages and leases real estate properties. It also offers public golf course management, non-life insurance agency business, food and beverage business and solar power business.

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