Shizuoka Gas Co (TSE:9543) Days Inventory : 20.23 (As of Mar. 2024)

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What is Shizuoka Gas Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shizuoka Gas Co's Average Total Inventories for the three months ended in Mar. 2024 was 円9,881 Mil. Shizuoka Gas Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円44,562 Mil. Hence, Shizuoka Gas Co's Days Inventory for the three months ended in Mar. 2024 was 20.23.

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

TSE:9543' s Days Inventory Range Over the Past 10 Years
Min: 21.81 Med: 28.07 Max: 32.85
Current: 26.87

During the past 13 years, Shizuoka Gas Co's highest Days Inventory was 32.85. The lowest was 21.81. And the median was 28.07.

TSE:9543's Days Inventory is ranked worse than
57.36% of 462 companies
in the Utilities - Regulated industry
Industry Median: 23.27 vs TSE:9543: 26.87

Shizuoka Gas Co's Days Inventory declined from Mar. 2023 (29.79) to Mar. 2024 (20.23).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shizuoka Gas Co's Inventory Turnover for the three months ended in Mar. 2024 was 4.51.

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. Shizuoka Gas Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.18.

Shizuoka Gas Co Days Inventory Historical Data

The historical data trend for Shizuoka Gas 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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Shizuoka Gas Co Days Inventory Chart

Shizuoka Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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26.64

21.81

27.15

30.82

32.85

Shizuoka Gas Co 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															29.79	27.89	31.40	28.47	20.23

Competitive Comparison of Shizuoka Gas Co's Days Inventory

For the Utilities - Regulated Gas subindustry, Shizuoka Gas 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.

Shizuoka Gas Co's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shizuoka Gas Co's Days Inventory distribution charts can be found below:

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

Shizuoka Gas Co Days Inventory Calculation

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

Shizuoka Gas Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (18892	+	11068)	/	2 )	/	166437	*	365
=	14980					/	166437	*	365
=	32.85

Shizuoka Gas Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (11068	+	8694)	/	2 )	/	44562	*	365 / 4
=	9881					/	44562	*	365 / 4
=	20.23

Shizuoka Gas Co (TSE:9543) 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.

Shizuoka Gas Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	44562	/	9881
	=	4.51

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.

Shizuoka Gas Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9881	/	54365
	=	0.18

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.

Shizuoka Gas Co Days Inventory Related Terms

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

Shizuoka Gas Co (TSE:9543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shizuoka Gas Co Ltd (TSE:9543) » Definitions » Days Inventory

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Traded in Other Exchanges

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Address

1-5-38 Yawata, Suruga-ku, Shizuoka, JPN, 422-8688

Website

http://www.shizuokagas.co.jp

Shizuoka Gas Co Ltd, or Shizgas, is a Japanese electric power and gas company. Shizgas is primarily involved in the distribution of city gas through its pipeline network to Japanese municipalities between Tokyo and Nagoya along the coastline of the Pacific Ocean near Mount Fuji. The company segments its operations into gas, LPG, and other energy services, and other businesses units. Shizuoka Gas derives the vast majority of its revenue from sales of natural gas. The company's customers are mainly split between wholesale and industrial consumers in terms of sales volume. Shizuoka Gas also generates revenue from the sale of liquefied natural gas that it imports from overseas, utility facility construction, and natural gas piping installations in Japan.

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