Tokyo Steel Manufacturing Co (TSE:5423) Days Inventory : 56.64 (As of Dec. 2023)

View and export this data going back to 1974. Start your Free Trial

What is Tokyo Steel Manufacturing Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tokyo Steel Manufacturing Co's Average Total Inventories for the three months ended in Dec. 2023 was 円44,841 Mil. Tokyo Steel Manufacturing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円72,235 Mil. Hence, Tokyo Steel Manufacturing Co's Days Inventory for the three months ended in Dec. 2023 was 56.64.

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

TSE:5423' s Days Inventory Range Over the Past 10 Years
Min: 57.36 Med: 61.75 Max: 75.83
Current: 73.19

During the past 13 years, Tokyo Steel Manufacturing Co's highest Days Inventory was 75.83. The lowest was 57.36. And the median was 61.75.

TSE:5423's Days Inventory is ranked better than
60.17% of 575 companies
in the Steel industry
Industry Median: 86.14 vs TSE:5423: 73.19

Tokyo Steel Manufacturing Co's Days Inventory declined from Dec. 2022 (59.16) to Dec. 2023 (56.64).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tokyo Steel Manufacturing Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.61.

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. Tokyo Steel Manufacturing Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.51.

Tokyo Steel Manufacturing Co Days Inventory Historical Data

The historical data trend for Tokyo Steel Manufacturing 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.

Tokyo Steel Manufacturing Co Days Inventory Chart

Tokyo Steel Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

Get a 7-Day Free Trial

68.25

75.83

61.75

57.96

Tokyo Steel Manufacturing 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															55.62	49.49	55.00	56.64	-

Competitive Comparison of Tokyo Steel Manufacturing Co's Days Inventory

For the Steel subindustry, Tokyo Steel Manufacturing 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.

Tokyo Steel Manufacturing Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tokyo Steel Manufacturing Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tokyo Steel Manufacturing Co's Days Inventory falls into.

Tokyo Steel Manufacturing Co Days Inventory Calculation

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

Tokyo Steel Manufacturing 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
=	( (47773	+	0)	/	1 )	/	0	*	365
=	47773					/	0	*	365
=	N/A

Tokyo Steel Manufacturing 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
=	( (43083	+	46599)	/	2 )	/	72235	*	365 / 4
=	44841					/	72235	*	365 / 4
=	56.64

Tokyo Steel Manufacturing Co (TSE:5423) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	72235	/	44841
	=	1.61

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	44841	/	87476
	=	0.51

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.

Tokyo Steel Manufacturing Co Days Inventory Related Terms

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

Tokyo Steel Manufacturing Co (TSE:5423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tokyo Steel Manufacturing Co Ltd (TSE:5423) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kasumigaseki-Tokyu Bldg 15th Floor,, 3-7-1, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 1000013

Website

http://www.tokyosteel.co.jp

Tokyo Steel Manufacturing Co Ltd is a Japan-based company primarily engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates most of its revenue from the Japanese domestic market.

Tokyo Steel Manufacturing Co (TSE:5423) Headlines

No Headlines