Hibino (TSE:2469) Days Inventory : 90.76 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Hibino Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hibino's Average Total Inventories for the three months ended in Dec. 2023 was 円8,200 Mil. Hibino's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,244 Mil. Hence, Hibino's Days Inventory for the three months ended in Dec. 2023 was 90.76.

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

TSE:2469' s Days Inventory Range Over the Past 10 Years
Min: 51.58 Med: 62.09 Max: 94.38
Current: 94.38

During the past 13 years, Hibino's highest Days Inventory was 94.38. The lowest was 51.58. And the median was 62.09.

TSE:2469's Days Inventory is ranked better than
54.55% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs TSE:2469: 94.38

Hibino's Days Inventory declined from Dec. 2022 (103.26) to Dec. 2023 (90.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hibino's Inventory Turnover for the three months ended in Dec. 2023 was 1.01.

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. Hibino's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.63.

Hibino Days Inventory Historical Data

The historical data trend for Hibino'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.

* Premium members only.

Hibino Days Inventory Chart

Hibino Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

61.02

68.57

89.00

63.16

77.93

Hibino 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															103.26	77.41	116.37	95.28	90.76

Competitive Comparison of Hibino's Days Inventory

For the Consumer Electronics subindustry, Hibino'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.

Hibino's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hibino's Days Inventory distribution charts can be found below:

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

Hibino Days Inventory Calculation

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

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

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (4671.464	+	7163.983)	/	2 )	/	27715.493	*	365
=	5917.7235					/	27715.493	*	365
=	77.93

Hibino'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
=	( (7743.252	+	8656.278)	/	2 )	/	8244.122	*	365 / 4
=	8199.765					/	8244.122	*	365 / 4
=	90.76

Hibino (TSE:2469) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8244.122	/	8199.765
	=	1.01

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8199.765	/	13059.151
	=	0.63

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.

Hibino Days Inventory Related Terms

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

Hibino (TSE:2469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hibino Corp (TSE:2469) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

3-5-14, Konan, Minato-ku, Tokyo, JPN, 108-0075

Website

https://www.hibino.co.jp

Hibino Corp produces and sells audio equipment in Japan. It offers products and services in the Audio-Visual field. Its business activities are divided into Hibino visual division is engaged in the planning of large screens and video systems used for concerts and events, equipment rental, and operation. Hibino sound division offers a sound system for the concert, equipment rental, recording of concerts and events, studio recording, track down, and mastering. Hibino Professional Audio Sales division is engaged in the production and sale of professional audio equipment and acoustic system proposals for broadcasting stations, studios, halls, commercial facilities. Hibino Chromatec division develops and sells LED (light-emitting diode) display systems.

Hibino (TSE:2469) Headlines

No Headlines