Verite Co (TSE:9904) Days Inventory : 497.87 (As of Dec. 2023)

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What is Verite Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Verite Co's Average Total Inventories for the three months ended in Dec. 2023 was 円3,356 Mil. Verite Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円615 Mil. Hence, Verite Co's Days Inventory for the three months ended in Dec. 2023 was 497.87.

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

TSE:9904' s Days Inventory Range Over the Past 10 Years
Min: 321.22 Med: 379.87 Max: 531.33
Current: 521

During the past 13 years, Verite Co's highest Days Inventory was 531.33. The lowest was 321.22. And the median was 379.87.

TSE:9904's Days Inventory is ranked worse than
95.14% of 1071 companies
in the Retail - Cyclical industry
Industry Median: 109.96 vs TSE:9904: 521.00

Verite Co's Days Inventory declined from Dec. 2022 (556.56) to Dec. 2023 (497.87).

Inventory Turnover measures how fast the company turns over its inventory within a year. Verite Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.18.

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. Verite Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.61.

Verite Co Days Inventory Historical Data

The historical data trend for Verite 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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Verite Co Days Inventory Chart

Verite Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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321.56

354.06

363.25

531.33

499.13

Verite 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															556.56	475.10	577.18	536.95	497.87

Competitive Comparison of Verite Co's Days Inventory

For the Luxury Goods subindustry, Verite 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.

Verite Co's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Verite Co's Days Inventory distribution charts can be found below:

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

Verite Co Days Inventory Calculation

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

Verite 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
=	( (2984	+	3022)	/	2 )	/	2196	*	365
=	3003					/	2196	*	365
=	499.13

Verite 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
=	( (3374	+	3337)	/	2 )	/	615	*	365 / 4
=	3355.5					/	615	*	365 / 4
=	497.87

Verite Co (TSE:9904) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	615	/	3355.5
	=	0.18

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3355.5	/	2079
	=	1.61

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.

Verite Co Days Inventory Related Terms

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

Verite Co (TSE:9904) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Verite Co Ltd (TSE:9904) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tsuruya-machi 3 - chome 33 - 8, Yokohama-shi Kanagawa-ku, Kanagawa, JPN, 221-8705

Website

http://www.verite.jp

Verite Co Ltd is engaged in operating jewellery specialty retail chain. The company is engaged in manufacture and sale of precious metal, clock, and fashion goods. The firm offers customer service and after sales service which include repair, processing, and renovation.

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