Sumitomo Bakelite Co (TSE:4203) Days Inventory : 102.56 (As of Dec. 2023)

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What is Sumitomo Bakelite Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sumitomo Bakelite Co's Average Total Inventories for the three months ended in Dec. 2023 was 円57,347 Mil. Sumitomo Bakelite Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円51,022 Mil. Hence, Sumitomo Bakelite Co's Days Inventory for the three months ended in Dec. 2023 was 102.56.

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

TSE:4203' s Days Inventory Range Over the Past 10 Years
Min: 63.19 Med: 79.26 Max: 104.9
Current: 104.9

During the past 13 years, Sumitomo Bakelite Co's highest Days Inventory was 104.90. The lowest was 63.19. And the median was 79.26.

TSE:4203's Days Inventory is ranked worse than
63.94% of 1492 companies
in the Chemicals industry
Industry Median: 83.25 vs TSE:4203: 104.90

Sumitomo Bakelite Co's Days Inventory declined from Dec. 2022 (103.57) to Dec. 2023 (102.56).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sumitomo Bakelite Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.89.

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. Sumitomo Bakelite Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.78.

Sumitomo Bakelite Co Days Inventory Historical Data

The historical data trend for Sumitomo Bakelite 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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Sumitomo Bakelite Co Days Inventory Chart

Sumitomo Bakelite Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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80.41

89.14

95.29

89.74

96.80

Sumitomo Bakelite 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															103.57	106.36	106.96	105.37	102.56

Competitive Comparison of Sumitomo Bakelite Co's Days Inventory

For the Specialty Chemicals subindustry, Sumitomo Bakelite 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.

Sumitomo Bakelite Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sumitomo Bakelite Co's Days Inventory distribution charts can be found below:

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

Sumitomo Bakelite Co Days Inventory Calculation

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

Sumitomo Bakelite 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
=	( (50276	+	57708)	/	2 )	/	203586	*	365
=	53992					/	203586	*	365
=	96.80

Sumitomo Bakelite 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
=	( (58527	+	56166)	/	2 )	/	51022	*	365 / 4
=	57346.5					/	51022	*	365 / 4
=	102.56

Sumitomo Bakelite Co (TSE:4203) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	51022	/	57346.5
	=	0.89

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	57346.5	/	73511
	=	0.78

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.

Sumitomo Bakelite Co Days Inventory Related Terms

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

Sumitomo Bakelite Co (TSE:4203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sumitomo Bakelite Co Ltd (TSE:4203) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-8 Higashi-shinagawa, Shinagawa-ku, Tokyo, JPN, 140-0002

Website

http://www.sumibe.co.jp

Sumitomo Bakelite Co Ltd manufactures and sells plastics and chemical-based products. The firm's three segments are based on product type. The high-performance plastics segment, which generates more revenue than any other segment, sells phenolic molding compounds and phenolic resins used to make the interiors of aerospace and automotive vehicles. The quality-of-life segment sells medical-device products including endoscopic, surgery, drainage, and circulation devices. The semiconductor materials segment sells epoxy resin molding compounds and liquid resins used for semiconductor encapsulation in smartphones and other consumer electronic devices. The majority of revenue comes from Asia.

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