TV Asahi Holdings (TSE:9409) Days Inventory : 20.17 (As of Dec. 2023)

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What is TV Asahi Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TV Asahi Holdings's Average Total Inventories for the three months ended in Dec. 2023 was 円13,090 Mil. TV Asahi Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円59,213 Mil. Hence, TV Asahi Holdings's Days Inventory for the three months ended in Dec. 2023 was 20.17.

The historical rank and industry rank for TV Asahi Holdings's Days Inventory or its related term are showing as below:

TSE:9409' s Days Inventory Range Over the Past 10 Years
Min: 14.82 Med: 16.83 Max: 22.66
Current: 20.65

During the past 13 years, TV Asahi Holdings's highest Days Inventory was 22.66. The lowest was 14.82. And the median was 16.83.

TSE:9409's Days Inventory is ranked better than
53.95% of 658 companies
in the Media - Diversified industry
Industry Median: 25.325 vs TSE:9409: 20.65

TV Asahi Holdings's Days Inventory increased from Dec. 2022 (19.65) to Dec. 2023 (20.17). It might indicate that TV Asahi Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TV Asahi Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 4.52.

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. TV Asahi Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.16.

TV Asahi Holdings Days Inventory Historical Data

The historical data trend for TV Asahi Holdings'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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TV Asahi Holdings Days Inventory Chart

TV Asahi Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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17.13

18.65

22.66

18.73

16.72

TV Asahi Holdings 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															19.65	18.41	22.65	21.58	20.17

Competitive Comparison of TV Asahi Holdings's Days Inventory

For the Broadcasting subindustry, TV Asahi Holdings'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.

TV Asahi Holdings's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TV Asahi Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where TV Asahi Holdings's Days Inventory falls into.

TV Asahi Holdings Days Inventory Calculation

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

TV Asahi Holdings'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
=	( (9471	+	11146)	/	2 )	/	225000	*	365
=	10308.5					/	225000	*	365
=	16.72

TV Asahi Holdings'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
=	( (13096	+	13083)	/	2 )	/	59213	*	365 / 4
=	13089.5					/	59213	*	365 / 4
=	20.17

TV Asahi Holdings (TSE:9409) 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.

TV Asahi Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	59213	/	13089.5
	=	4.52

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.

TV Asahi Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13089.5	/	80801
	=	0.16

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.

TV Asahi Holdings Days Inventory Related Terms

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

TV Asahi Holdings (TSE:9409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TV Asahi Holdings Corp (TSE:9409) » Definitions » Days Inventory

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Traded in Other Exchanges

THDDY:USA

Address

6-9-1, Roppongi, Minato-ku, Tokyo, JPN, 106-8001

Website

http://www.tv-asahihd.co.jp

TV Asahi Holdings Corporation is a Japanese multimedia group. Ranging from its primary business of broadcast TV, the company owns and manages music publishing and miscellaneous businesses. The Television Broadcasting segment is involved in the production and broadcasting of TV programs. The Music Publishing segment attends to music copyrights and related rights as well as the artist management and recording businesses and through the Others segment, it is engaged in event management and the sale of digital goods such as DVDs. The company derives its revenue from TV Broadcasting Business.

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