Riken Technos (TSE:4220) Days Inventory : 65.88 (As of Dec. 2023)

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What is Riken Technos Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Riken Technos's Average Total Inventories for the three months ended in Dec. 2023 was 円19,247 Mil. Riken Technos's Cost of Goods Sold for the three months ended in Dec. 2023 was 円26,658 Mil. Hence, Riken Technos's Days Inventory for the three months ended in Dec. 2023 was 65.88.

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

TSE:4220' s Days Inventory Range Over the Past 10 Years
Min: 51.47 Med: 55.96 Max: 67.94
Current: 67.94

During the past 13 years, Riken Technos's highest Days Inventory was 67.94. The lowest was 51.47. And the median was 55.96.

TSE:4220's Days Inventory is ranked better than
61.6% of 1492 companies
in the Chemicals industry
Industry Median: 82.18 vs TSE:4220: 67.94

Riken Technos's Days Inventory declined from Dec. 2022 (69.18) to Dec. 2023 (65.88).

Inventory Turnover measures how fast the company turns over its inventory within a year. Riken Technos's Inventory Turnover for the three months ended in Dec. 2023 was 1.39.

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. Riken Technos's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.59.

Riken Technos Days Inventory Historical Data

The historical data trend for Riken Technos'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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Riken Technos Days Inventory Chart

Riken Technos Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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57.25

56.24

62.04

59.55

63.94

Riken Technos 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															69.18	68.22	66.59	69.91	65.88

Competitive Comparison of Riken Technos's Days Inventory

For the Chemicals subindustry, Riken Technos'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.

Riken Technos's Days Inventory Distribution in the Chemicals Industry

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

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

Riken Technos Days Inventory Calculation

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

Riken Technos'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
=	( (17404.023	+	18734.43)	/	2 )	/	103146.237	*	365
=	18069.2265					/	103146.237	*	365
=	63.94

Riken Technos'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
=	( (19395.884	+	19097.261)	/	2 )	/	26657.591	*	365 / 4
=	19246.5725					/	26657.591	*	365 / 4
=	65.88

Riken Technos (TSE:4220) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	26657.591	/	19246.5725
	=	1.39

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19246.5725	/	32874.232
	=	0.59

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.

Riken Technos Days Inventory Related Terms

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

Riken Technos (TSE:4220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Riken Technos Corp (TSE:4220) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-101, Kanda-Awajicho, Waterras Tower, Chiyoda-ku, Tokyo, JPN, 101-8336

Website

http://www.rikentechnos.co.jp

Riken Technos Corp engages in the production and sale of synthetic resin products. Its operations are carried out through the following businesses: Compound, Film, Food Wrapping, and Others. The compound unit deals with synthetic resin mixtures in the form of pellets as primary materials for plastic molded products. The Film business handles synthetic resin processed into films. The Food Wrapping business manages thin synthetic resin films for food packaging use.

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