Yodogawa Steel Works (TSE:5451) Days Inventory : 96.10 (As of Dec. 2023)

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What is Yodogawa Steel Works Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Yodogawa Steel Works's Average Total Inventories for the three months ended in Dec. 2023 was 円46,223 Mil. Yodogawa Steel Works's Cost of Goods Sold for the three months ended in Dec. 2023 was 円43,892 Mil. Hence, Yodogawa Steel Works's Days Inventory for the three months ended in Dec. 2023 was 96.10.

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

TSE:5451' s Days Inventory Range Over the Past 10 Years
Min: 73.81 Med: 81.33 Max: 98.55
Current: 98.55

During the past 13 years, Yodogawa Steel Works's highest Days Inventory was 98.55. The lowest was 73.81. And the median was 81.33.

TSE:5451's Days Inventory is ranked worse than
57.22% of 575 companies
in the Steel industry
Industry Median: 86.14 vs TSE:5451: 98.55

Yodogawa Steel Works's Days Inventory declined from Dec. 2022 (104.46) to Dec. 2023 (96.10).

Inventory Turnover measures how fast the company turns over its inventory within a year. Yodogawa Steel Works's Inventory Turnover for the three months ended in Dec. 2023 was 0.95.

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. Yodogawa Steel Works's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.89.

Yodogawa Steel Works Days Inventory Historical Data

The historical data trend for Yodogawa Steel Works'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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Yodogawa Steel Works Days Inventory Chart

Yodogawa Steel Works Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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89.37

87.18

78.44

93.38

98.53

Yodogawa Steel Works 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															109.59	103.20	101.68	96.10	93.30

Competitive Comparison of Yodogawa Steel Works's Days Inventory

For the Steel subindustry, Yodogawa Steel Works'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.

Yodogawa Steel Works's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Yodogawa Steel Works's Days Inventory falls into.

Yodogawa Steel Works Days Inventory Calculation

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

Yodogawa Steel Works'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
=	( (49685	+	43281)	/	2 )	/	172188	*	365
=	46483					/	172188	*	365
=	98.53

Yodogawa Steel Works'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
=	( (48147	+	44298)	/	2 )	/	43892	*	365 / 4
=	46222.5					/	43892	*	365 / 4
=	96.10

Yodogawa Steel Works (TSE:5451) 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.

Yodogawa Steel Works's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	43892	/	46222.5
	=	0.95

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.

Yodogawa Steel Works's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	46222.5	/	52179
	=	0.89

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.

Yodogawa Steel Works Days Inventory Related Terms

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

Yodogawa Steel Works (TSE:5451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yodogawa Steel Works Ltd (TSE:5451) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-1-1 Minami-Honmachi, Chuo-ku, Osaka, JPN, 541-0054

Website

http://www.yodoko.co.jp

Yodogawa Steel Works Ltd is a Japan-based company primarily engaged in manufacturing of steel products. The company generates most of its revenue from its steel sheet segment, which is primarily engaged in the manufacturing and sale of cold-rolled steel, polished hoop steel, hot-dip galvanizing steel sheets, painted hot-dip galvanizing steel sheet, various steel sheets, other construction materials, and exterior products, as well as designing and engineering of construction work. Japan and Taiwan are the company's top two markets, jointly accounting for the majority of the company's sales.

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