Daikoku Denki Co (TSE:6430) Days Inventory : 131.48 (As of Dec. 2023)

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What is Daikoku Denki Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Daikoku Denki Co's Average Total Inventories for the three months ended in Dec. 2023 was 円11,470 Mil. Daikoku Denki Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円7,961 Mil. Hence, Daikoku Denki Co's Days Inventory for the three months ended in Dec. 2023 was 131.48.

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

TSE:6430' s Days Inventory Range Over the Past 10 Years
Min: 82.56 Med: 102.94 Max: 136.62
Current: 122.97

During the past 13 years, Daikoku Denki Co's highest Days Inventory was 136.62. The lowest was 82.56. And the median was 102.94.

TSE:6430's Days Inventory is ranked worse than
59.2% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs TSE:6430: 122.97

Daikoku Denki Co's Days Inventory increased from Dec. 2022 (95.90) to Dec. 2023 (131.48). It might indicate that Daikoku Denki Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Daikoku Denki Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.69.

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. Daikoku Denki Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.78.

Daikoku Denki Co Days Inventory Historical Data

The historical data trend for Daikoku Denki 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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Daikoku Denki Co Days Inventory Chart

Daikoku Denki Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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101.21

82.56

111.20

109.91

136.62

Daikoku Denki Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															95.90	145.47	94.83	135.16	131.48

Competitive Comparison of Daikoku Denki Co's Days Inventory

For the Computer Hardware subindustry, Daikoku Denki 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.

Daikoku Denki Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Daikoku Denki Co's Days Inventory distribution charts can be found below:

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

Daikoku Denki Co Days Inventory Calculation

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

Daikoku Denki 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
=	( (4434.167	+	8529.261)	/	2 )	/	17316.914	*	365
=	6481.714					/	17316.914	*	365
=	136.62

Daikoku Denki 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
=	( (11192.021	+	11748.164)	/	2 )	/	7960.685	*	365 / 4
=	11470.0925					/	7960.685	*	365 / 4
=	131.48

Daikoku Denki Co (TSE:6430) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7960.685	/	11470.0925
	=	0.69

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11470.0925	/	14680.46
	=	0.78

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.

Daikoku Denki Co Days Inventory Related Terms

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

Daikoku Denki Co (TSE:6430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daikoku Denki Co Ltd (TSE:6430) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 43, No. 5-chome, Nagoya Nagono, JPN

Website

http://www.daikoku.co.jp

Daikoku Denki Co Ltd engages in the development, manufacture, and sale of computer systems for pachinko halls and pachislo game machines. Its operations include Information Systems unit which deals with the development, manufacture, and sale of computer systems, customer premium management systems, and information disclosure systems for pachinko halls. It also offers control systems which involve in the development, manufacture, and sale of display units and control units of pachinko game machines.

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