CTS Co (TSE:4345) Days Inventory : 26.41 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is CTS Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CTS Co's Average Total Inventories for the three months ended in Dec. 2023 was 円377 Mil. CTS Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,301 Mil. Hence, CTS Co's Days Inventory for the three months ended in Dec. 2023 was 26.41.

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

TSE:4345' s Days Inventory Range Over the Past 10 Years
Min: 14.54 Med: 24.52 Max: 43.12
Current: 24.82

During the past 13 years, CTS Co's highest Days Inventory was 43.12. The lowest was 14.54. And the median was 24.52.

TSE:4345's Days Inventory is ranked better than
53.37% of 682 companies
in the Business Services industry
Industry Median: 29.735 vs TSE:4345: 24.82

CTS Co's Days Inventory increased from Dec. 2022 (26.04) to Dec. 2023 (26.41). It might indicate that CTS Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. CTS Co's Inventory Turnover for the three months ended in Dec. 2023 was 3.46.

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. CTS Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.13.

CTS Co Days Inventory Historical Data

The historical data trend for CTS 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.

* Premium members only.

CTS Co Days Inventory Chart

CTS Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

42.67

43.12

30.61

26.52

23.13

CTS 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															26.04	27.35	21.90	24.01	26.41

Competitive Comparison of CTS Co's Days Inventory

For the Rental & Leasing Services subindustry, CTS 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.

CTS Co's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CTS Co's Days Inventory distribution charts can be found below:

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

CTS Co Days Inventory Calculation

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

CTS 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
=	( (312	+	366)	/	2 )	/	5350	*	365
=	339					/	5350	*	365
=	23.13

CTS 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
=	( (438	+	315)	/	2 )	/	1301	*	365 / 4
=	376.5					/	1301	*	365 / 4
=	26.41

CTS Co (TSE:4345) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1301	/	376.5
	=	3.46

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	376.5	/	2898
	=	0.13

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.

CTS Co Days Inventory Related Terms

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

CTS Co (TSE:4345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CTS Co Ltd (TSE:4345) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Kuriyasu, Nagano Prefecture, Ueda, JPN

Website

http://www.cts-h.co.jp

CTS Co Ltd is engaged in construction ICT, system business, survey measurement business, house furniture business and environmental safety business. The company offers products and services on rental basis specialized in the industry such as system equipment and communication lines. Its product offerings include cloud solution, color multi-function machine, inkjet printer, network cameras, personal computers equipped with functions suitable for the application, focusing on business models, among others.

CTS Co (TSE:4345) Headlines

No Headlines