Brass (TSE:2424) Days Inventory : 16.99 (As of Jan. 2024)

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What is Brass Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Brass's Average Total Inventories for the three months ended in Jan. 2024 was 円186 Mil. Brass's Cost of Goods Sold for the three months ended in Jan. 2024 was 円998 Mil. Hence, Brass's Days Inventory for the three months ended in Jan. 2024 was 16.99.

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

TSE:2424' s Days Inventory Range Over the Past 10 Years
Min: 8.06 Med: 10.53 Max: 14.8
Current: 14.8

During the past 9 years, Brass's highest Days Inventory was 14.80. The lowest was 8.06. And the median was 10.53.

TSE:2424's Days Inventory is ranked better than
53.49% of 86 companies
in the Personal Services industry
Industry Median: 15.985 vs TSE:2424: 14.80

Brass's Days Inventory increased from Jan. 2023 (12.62) to Jan. 2024 (16.99). It might indicate that Brass's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Brass's Inventory Turnover for the three months ended in Jan. 2024 was 5.37.

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. Brass's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.06.

Brass Days Inventory Historical Data

The historical data trend for Brass'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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Brass Days Inventory Chart

Brass Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Inventory

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9.28

13.29

12.61

11.40

11.90

Brass Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															12.62	13.97	13.68	15.31	16.99

Competitive Comparison of Brass's Days Inventory

For the Personal Services subindustry, Brass'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.

Brass's Days Inventory Distribution in the Personal Services Industry

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

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

Brass Days Inventory Calculation

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

Brass's Days Inventory for the fiscal year that ended in Jul. 2023 is calculated as

	Days Inventory (A: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (125.544	+	156.912)	/	2 )	/	4332.612	*	365
=	141.228					/	4332.612	*	365
=	11.90

Brass's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (188.653	+	183.014)	/	2 )	/	998.025	*	365 / 4
=	185.8335					/	998.025	*	365 / 4
=	16.99

Brass (TSE:2424) 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.

Brass's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	998.025	/	185.8335
	=	5.37

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.

Brass's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	185.8335	/	3043.808
	=	0.06

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.

Brass Days Inventory Related Terms

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

Brass (TSE:2424) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Brass Corp (TSE:2424) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-34-1 Meieki, Yubinbango451, Ecole Plaza Meieki Building, 4th floor, Nishi-ku, Aichi Prefecture, Nagoya, JPN, 451-0045

Website

http://www.brass.ne.jp

Brass Corp is engaged in house wedding business. It is focused on planning and management of wedding reception accompanying house wedding business, sales and rental of wedding costume. It also has a restaurant business.

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