Ishigaki Foods Co (TSE:2901) Days Inventory : 87.38 (As of Dec. 2023)

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What is Ishigaki Foods Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ishigaki Foods Co's Average Total Inventories for the three months ended in Dec. 2023 was 円341 Mil. Ishigaki Foods Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円356 Mil. Hence, Ishigaki Foods Co's Days Inventory for the three months ended in Dec. 2023 was 87.38.

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

TSE:2901' s Days Inventory Range Over the Past 10 Years
Min: 38.04 Med: 57.57 Max: 98.32
Current: 82

During the past 13 years, Ishigaki Foods Co's highest Days Inventory was 98.32. The lowest was 38.04. And the median was 57.57.

TSE:2901's Days Inventory is ranked worse than
63.3% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 67.25 vs TSE:2901: 82.00

Ishigaki Foods Co's Days Inventory increased from Dec. 2022 (62.22) to Dec. 2023 (87.38). It might indicate that Ishigaki Foods Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ishigaki Foods Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.04.

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. Ishigaki Foods Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.65.

Ishigaki Foods Co Days Inventory Historical Data

The historical data trend for Ishigaki Foods 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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Ishigaki Foods Co Days Inventory Chart

Ishigaki Foods Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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49.15

46.92

38.04

40.10

44.79

Ishigaki Foods 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															62.22	66.42	90.79	85.91	87.38

Competitive Comparison of Ishigaki Foods Co's Days Inventory

For the Beverages - Non-Alcoholic subindustry, Ishigaki Foods 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.

Ishigaki Foods Co's Days Inventory Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Ishigaki Foods Co's Days Inventory distribution charts can be found below:

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

Ishigaki Foods Co Days Inventory Calculation

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

Ishigaki Foods Co'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
=	( (165.983	+	362.799)	/	2 )	/	2154.345	*	365
=	264.391					/	2154.345	*	365
=	44.79

Ishigaki Foods 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
=	( (332.564	+	349.799)	/	2 )	/	356.273	*	365 / 4
=	341.1815					/	356.273	*	365 / 4
=	87.38

Ishigaki Foods Co (TSE:2901) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	356.273	/	341.1815
	=	1.04

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	341.1815	/	528.461
	=	0.65

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.

Ishigaki Foods Co Days Inventory Related Terms

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

Ishigaki Foods Co (TSE:2901) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Ishigaki Foods Co Ltd (TSE:2901) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No. 4 No. 1 Iidabashi 1-chome, 6th Floor, Kuzute Wytheville, Chiyoda-ku, Tokyo, JPN, 102-8231

Website

http://www.ishigakifoods.co.jp

Ishigaki Foods Co., Ltd. is engaged in the manufacturing and sale of barley tea and health tea. The company's products include barley tea, oolong tea, non-caffeine tea, beef jerky, and other food products. It also manufactures beef jerky, dried vegetables and other dried products for commercial use.

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