Toyo Gosei Co (TSE:4970) Days Inventory : 178.32 (As of Dec. 2023)

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What is Toyo Gosei Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Toyo Gosei Co's Average Total Inventories for the three months ended in Dec. 2023 was 円11,159 Mil. Toyo Gosei Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円5,710 Mil. Hence, Toyo Gosei Co's Days Inventory for the three months ended in Dec. 2023 was 178.32.

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

TSE:4970' s Days Inventory Range Over the Past 10 Years
Min: 111.06 Med: 138.67 Max: 169.86
Current: 169.86

During the past 13 years, Toyo Gosei Co's highest Days Inventory was 169.86. The lowest was 111.06. And the median was 138.67.

TSE:4970's Days Inventory is ranked worse than
84.85% of 1492 companies
in the Chemicals industry
Industry Median: 82.18 vs TSE:4970: 169.86

Toyo Gosei Co's Days Inventory increased from Dec. 2022 (157.21) to Dec. 2023 (178.32). It might indicate that Toyo Gosei 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. Toyo Gosei Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.51.

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. Toyo Gosei Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.39.

Toyo Gosei Co Days Inventory Historical Data

The historical data trend for Toyo Gosei 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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Toyo Gosei Co Days Inventory Chart

Toyo Gosei Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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131.62

121.96

111.06

144.12

165.56

Toyo Gosei Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															167.56	190.33	179.80	178.32	141.06

Competitive Comparison of Toyo Gosei Co's Days Inventory

For the Chemicals subindustry, Toyo Gosei 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.

Toyo Gosei Co's Days Inventory Distribution in the Chemicals Industry

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

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

Toyo Gosei Co Days Inventory Calculation

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

Toyo Gosei Co's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (11758.837	+	10337)	/	2 )	/	24356	*	365
=	11047.9185					/	24356	*	365
=	165.56

Toyo Gosei 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
=	( (11269	+	11048)	/	2 )	/	5710	*	365 / 4
=	11158.5					/	5710	*	365 / 4
=	178.32

Toyo Gosei Co (TSE:4970) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5710	/	11158.5
	=	0.51

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11158.5	/	8040
	=	1.39

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.

Toyo Gosei Co Days Inventory Related Terms

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

Toyo Gosei Co (TSE:4970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toyo Gosei Co Ltd (TSE:4970) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-22-16, Asakusabashi Taito-ku, Hulic Asakusabashi Building, 8th Floor, Tokyo, JPN, 111-0053

Website

http://www.toyogosei.co.jp

Toyo Gosei Co., Ltd., is divided into Photosensitive materials, Green chemical, Energy, Aroma Chemical, and Logistics. Photosensitive materials include manufacturing of photoresist-type materials vital to semiconductors, LCD displays, and plasma displays. Green chemical involves recycling, purification and separation of waste solvents, Energy includes manufacturing of ionic liquids and electrolytes for lithium ion secondary batteries and double layer capacitors. Aroma chemical comprises of manufacturing and sale of materials for the fragrance and flavoring industries and Logistics involves support from storage to transport of dangerous substance.

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