Kyokuto Co (TSE:2300) Days Inventory : 11.90 (As of Feb. 2024)

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What is Kyokuto Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kyokuto Co's Average Total Inventories for the three months ended in Feb. 2024 was 円44 Mil. Kyokuto Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円337 Mil. Hence, Kyokuto Co's Days Inventory for the three months ended in Feb. 2024 was 11.90.

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

TSE:2300' s Days Inventory Range Over the Past 10 Years
Min: 8.67 Med: 9.52 Max: 11.84
Current: 11

During the past 13 years, Kyokuto Co's highest Days Inventory was 11.84. The lowest was 8.67. And the median was 9.52.

TSE:2300's Days Inventory is ranked better than
64.71% of 85 companies
in the Personal Services industry
Industry Median: 16.31 vs TSE:2300: 11.00

Kyokuto Co's Days Inventory declined from Feb. 2023 (13.87) to Feb. 2024 (11.90).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kyokuto Co's Inventory Turnover for the three months ended in Feb. 2024 was 7.67.

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. Kyokuto Co's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.04.

Kyokuto Co Days Inventory Historical Data

The historical data trend for Kyokuto 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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Kyokuto Co Days Inventory Chart

Kyokuto Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Inventory

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9.82

11.77

11.84

11.54

10.61

Kyokuto Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial															13.87	9.87	10.83	12.00	11.90

Competitive Comparison of Kyokuto Co's Days Inventory

For the Personal Services subindustry, Kyokuto 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.

Kyokuto Co's Days Inventory Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Kyokuto Co's Days Inventory distribution charts can be found below:

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

Kyokuto Co Days Inventory Calculation

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

Kyokuto Co's Days Inventory for the fiscal year that ended in Feb. 2024 is calculated as

	Days Inventory (A: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2023 )	+	Total Inventories (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (41.223	+	42.015)	/	2 )	/	1432.318	*	365
=	41.619					/	1432.318	*	365
=	10.61

Kyokuto Co's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

	Days Inventory (Q: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (45.8	+	42.015)	/	2 )	/	336.724	*	365 / 4
=	43.9075					/	336.724	*	365 / 4
=	11.90

Kyokuto Co (TSE:2300) 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.

Kyokuto Co's Inventory Turnover for the three months ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	336.724	/	43.9075
	=	7.67

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.

Kyokuto Co's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43.9075	/	1012.139
	=	0.04

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.

Kyokuto Co Days Inventory Related Terms

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

Kyokuto Co (TSE:2300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Kyokuto Co Ltd (TSE:2300) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hakata-ku Kannakuma 1, chome 28 No. 53, Fukuoka prefecture, Fukuoka, JPN, 816-0063

Website

http://www.k-cleaning.jp

Kyokuto Co Ltd is a Japanese company. It is engaged in the home cleaning business. It offers ozone cleaning, aqua, and dry cleaning, delicate course cleaning, wash charm, and setting line services. The Company also operates outlets throughout Japan. It operates through more than six hundred stores.

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