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Cross Plus (TSE:3320) Days Inventory : 26.78 (As of Jan. 2024)


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What is Cross Plus Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cross Plus's Average Total Inventories for the three months ended in Jan. 2024 was 円3,223 Mil. Cross Plus's Cost of Goods Sold for the three months ended in Jan. 2024 was 円10,979 Mil. Hence, Cross Plus's Days Inventory for the three months ended in Jan. 2024 was 26.78.

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

TSE:3320' s Days Inventory Range Over the Past 10 Years
Min: 14.78   Med: 18.16   Max: 26.15
Current: 22.86

During the past 13 years, Cross Plus's highest Days Inventory was 26.15. The lowest was 14.78. And the median was 18.16.

TSE:3320's Days Inventory is ranked better than
94.81% of 1002 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.09 vs TSE:3320: 22.86

Cross Plus's Days Inventory declined from Jan. 2023 (27.87) to Jan. 2024 (26.78).

Inventory Turnover measures how fast the company turns over its inventory within a year. Cross Plus's Inventory Turnover for the three months ended in Jan. 2024 was 3.41.

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. Cross Plus's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.22.


Cross Plus Days Inventory Historical Data

The historical data trend for Cross Plus'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.

Cross Plus Days Inventory Chart

Cross Plus Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.99 26.15 25.55 18.33 20.84

Cross Plus 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.87 22.58 24.16 20.53 26.78

Competitive Comparison of Cross Plus's Days Inventory

For the Apparel Manufacturing subindustry, Cross Plus'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.


Cross Plus's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cross Plus's Days Inventory distribution charts can be found below:

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



Cross Plus Days Inventory Calculation

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

Cross Plus's Days Inventory for the fiscal year that ended in Jan. 2024 is calculated as

Days Inventory (A: Jan. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jan. 2023 ) + Total Inventories (A: Jan. 2024 )) / count ) / Cost of Goods Sold (A: Jan. 2024 )*Days in Period
=( (2396 + 2579) / 2 ) / 43558*365
=2487.5 / 43558*365
=20.84

Cross Plus'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
=( (3866 + 2579) / 2 ) / 10979*365 / 4
=3222.5 / 10979*365 / 4
=26.78

* 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.


Cross Plus  (TSE:3320) 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.

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

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.

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

* 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.


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.


Cross Plus Days Inventory Related Terms

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


Cross Plus (TSE:3320) Business Description

Traded in Other Exchanges
N/A
Address
3-9-13, Hananoki, Nishiku, Nagoya, JPN, 451-8560
Cross Plus Inc is an apparel manufacturing company based in Japan. It is engaged in the planning, manufacturing and selling of women's apparel, clothing accessories and operating SPA. The company primarily serves widespread business partners such as mass merchandising stores, speciality shop and department stores nationwide.

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