Days Inventory is also known as Days Sales of Inventory (DSI). Myers Industries's Average Total Inventories for the
three
months ended in Dec. 2023 was $93.5 Mil. Myers Industries's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $133.8 Mil.
Hence, Myers Industries's Days Inventory for the
three
months ended in Dec. 2023 was 63.77.
The historical rank and industry rank for Myers Industries's Days Inventory or its related term are showing as below:
MYE'
s Days Inventory Range Over the Past 10 Years
Min: 42.69 Med: 50.84 Max: 63.36
Current: 63.36
During the past 13 years, Myers Industries's highest Days Inventory was 63.36. The lowest was 42.69. And the median was 50.84.
MYE's Days Inventory is ranked better than 65.75% of 365
companies
in the Packaging & Containers industry
Industry Median: 77.89
vs MYE: 63.36
Myers Industries's Days Inventory
increased
from Dec. 2022 (62.22) to Dec. 2023 (63.77).
It might indicate that Myers Industries's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Myers Industries's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.43.
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.
Myers Industries's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.49.
Myers Industries Days Inventory Historical Data
The historical data trend for Myers Industries'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 Myers Industries's Days Inventory
For the Packaging & Containers subindustry, Myers Industries'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.
Myers Industries's Days Inventory Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Myers Industries's Days Inventory falls into.
Myers Industries Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Myers Industries's Days Inventory for the fiscal year that 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.
Myers Industries (NYSE:MYE) 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.
Myers Industries'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.
Myers Industries'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.
Myers Industries Days Inventory Related Terms
Thank you for viewing the detailed overview of Myers Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Myers Industries (Myers Industries) Business Description
Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. It operates through the following segments: The Material Handling segment, which designs manufactures and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles.
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