Days Inventory is also known as Days Sales of Inventory (DSI). Kitagawa's Average Total Inventories for the
three
months ended in Dec. 2023 was 円14,421 Mil. Kitagawa's Cost of Goods Sold for the
three
months ended in Dec. 2023 was 円13,547 Mil.
Hence, Kitagawa's Days Inventory for the
three
months ended in Dec. 2023 was 97.14.
The historical rank and industry rank for Kitagawa's Days Inventory or its related term are showing as below:
TSE:6317'
s Days Inventory Range Over the Past 10 Years
Min: 66.23 Med: 72.52 Max: 89.86
Current: 89.52
During the past 13 years, Kitagawa's highest Days Inventory was 89.86. The lowest was 66.23. And the median was 72.52.
TSE:6317's Days Inventory is ranked better than 68.18% of 2898
companies
in the Industrial Products industry
Industry Median: 121.585
vs TSE:6317: 89.52
Kitagawa's Days Inventory
increased
from Dec. 2022 (91.25) to Dec. 2023 (97.14).
It might indicate that Kitagawa's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Kitagawa's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.94.
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.
Kitagawa's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.92.
Kitagawa Days Inventory Historical Data
The historical data trend for Kitagawa'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.
Competitive Comparison of Kitagawa's Days Inventory
For the Specialty Industrial Machinery subindustry, Kitagawa'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.
Kitagawa's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kitagawa's Days Inventory distribution charts can be found below:
* The bar in red indicates where Kitagawa's Days Inventory falls into.
Kitagawa Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Kitagawa's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Kitagawa (TSE:6317) 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.
Kitagawa's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Kitagawa's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Kitagawa Days Inventory Related Terms
Thank you for viewing the detailed overview of Kitagawa's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Kitagawa Corp is the diversified machinery manufacturing company based in Japan. It is specialised in three core businesses: the production and development of casting and machining techniques of metal raw materials; supplying power chucks and numerically controlled rotary tables to the global machine tool industry; constructing custom-made concrete and recycling plants as well as providing construction machinery for various projects, including bridge erection and self-propelled multi-floor parking. The company has an operational presence across the United Kingdom, the United States of America, China, Taiwan, Australia, Germany and other regions.
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