Myers Industries (FRA:MJF) Days Inventory : 62.47 (As of Mar. 2024)

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What is Myers Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Myers Industries's Average Total Inventories for the three months ended in Mar. 2024 was €90.0 Mil. Myers Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was €131.4 Mil. Hence, Myers Industries's Days Inventory for the three months ended in Mar. 2024 was 62.47.

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

FRA:MJF' s Days Inventory Range Over the Past 10 Years
Min: 42.69 Med: 50.84 Max: 65.11
Current: 65.11

During the past 13 years, Myers Industries's highest Days Inventory was 65.11. The lowest was 42.69. And the median was 50.84.

FRA:MJF's Days Inventory is ranked better than
62.57% of 366 companies
in the Packaging & Containers industry
Industry Median: 77.885 vs FRA:MJF: 65.11

Myers Industries's Days Inventory increased from Mar. 2023 (61.97) to Mar. 2024 (62.47). 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 Mar. 2024 was 1.46.

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 Mar. 2024 was 0.47.

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.

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Myers Industries Days Inventory Chart

Myers Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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46.02

61.68

51.36

53.62

61.59

Myers Industries 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															61.97	65.68	65.03	64.49	62.47

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

	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
=	( (88.123	+	83.304)	/	2 )	/	508	*	365
=	85.7135					/	508	*	365
=	61.59

Myers Industries'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
=	( (83.304	+	96.632)	/	2 )	/	131.407	*	365 / 4
=	89.968					/	131.407	*	365 / 4
=	62.47

Myers Industries (FRA:MJF) 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 Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	131.407	/	89.968
	=	1.46

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 Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	89.968	/	190.534
	=	0.47

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 (FRA:MJF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Myers Industries Inc (FRA:MJF) » Definitions » Days Inventory

Comparable Companies

KRT PACK VKSC TUP TRS YHGJ MGIH DSS OCTO OI BALL AVY PKG IP AMCR WRK DUB:SK3 CCK TSX:CCL.A GPK

Traded in Other Exchanges

MYE:USA

Address

1293 South Main Street, Akron, OH, USA, 44301

Website

https://www.myersindustries.com

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.