Zenhoren Co (TSE:5845) Days Inventory : 1.06 (As of Dec. 2023)

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What is Zenhoren Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zenhoren Co's Average Total Inventories for the three months ended in Dec. 2023 was 円27 Mil. Zenhoren Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,276 Mil. Hence, Zenhoren Co's Days Inventory for the three months ended in Dec. 2023 was 1.06.

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

TSE:5845' s Days Inventory Range Over the Past 10 Years
Min: 1.72 Med: 1.87 Max: 2.09
Current: 2.09

During the past 2 years, Zenhoren Co's highest Days Inventory was 2.09. The lowest was 1.72. And the median was 1.87.

TSE:5845's Days Inventory is ranked better than
85.57% of 679 companies
in the Business Services industry
Industry Median: 30.4 vs TSE:5845: 2.09

Zenhoren Co's Days Inventory increased from Mar. 2022 (0.00) to Dec. 2023 (1.06). It might indicate that Zenhoren Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zenhoren Co's Inventory Turnover for the three months ended in Dec. 2023 was 85.89.

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. Zenhoren Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Zenhoren Co Days Inventory Historical Data

The historical data trend for Zenhoren 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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Zenhoren Co Days Inventory Chart

Zenhoren Co Annual Data

Trend

Mar22

Mar23

Days Inventory

2.02

1.72

Zenhoren Co Quarterly Data
	Mar22	Mar23	Jun23	Sep23	Dec23
Days Inventory	-	-	1.87	1.94	1.06

Competitive Comparison of Zenhoren Co's Days Inventory

For the Specialty Business Services subindustry, Zenhoren 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.

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

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

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

Zenhoren Co Days Inventory Calculation

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

Zenhoren 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
=	( (41	+	37)	/	2 )	/	8259	*	365
=	39					/	8259	*	365
=	1.72

Zenhoren 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
=	( (27	+	26)	/	2 )	/	2276	*	365 / 4
=	26.5					/	2276	*	365 / 4
=	1.06

Zenhoren Co (TSE:5845) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2276	/	26.5
	=	85.89

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.5	/	6105
	=	0.00

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.

Zenhoren Co Days Inventory Related Terms

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

Zenhoren Co (TSE:5845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zenhoren Co Ltd (TSE:5845) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

905 Ameku, Okinawa, Naha, JPN, 900-8608

Website

https://www.zenhoren.jp

Zenhoren Co Ltd is engaged in the Rent liability guarantee business.

Zenhoren Co (TSE:5845) Headlines

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