MIC Medical (TSE:2166) Days Inventory : 2.80 (As of Jun. 2012)

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What is MIC Medical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MIC Medical's Average Total Inventories for the three months ended in Jun. 2012 was 円15 Mil. MIC Medical's Cost of Goods Sold for the three months ended in Jun. 2012 was 円505 Mil. Hence, MIC Medical's Days Inventory for the three months ended in Jun. 2012 was 2.80.

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

TSE:2166's Days Inventory is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 193.31
* Ranked among companies with meaningful Days Inventory only.

MIC Medical's Days Inventory increased from Jun. 2011 (2.38) to Jun. 2012 (2.80). It might indicate that MIC Medical's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. MIC Medical's Inventory Turnover for the three months ended in Jun. 2012 was 32.64.

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. MIC Medical's Inventory-to-Revenue for the three months ended in Jun. 2012 was 0.02.

MIC Medical Days Inventory Historical Data

The historical data trend for MIC Medical'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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MIC Medical Days Inventory Chart

MIC Medical Annual Data

Trend

Sep09

Sep10

Days Inventory

2.38

2.69

MIC Medical Quarterly Data
	Sep10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12
Days Inventory	Get a 7-Day Free Trial			2.38	2.86	2.79	2.10	2.80

Competitive Comparison of MIC Medical's Days Inventory

For the Medical Instruments & Supplies subindustry, MIC Medical'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.

MIC Medical's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MIC Medical's Days Inventory distribution charts can be found below:

* The bar in red indicates where MIC Medical's Days Inventory falls into.

MIC Medical Days Inventory Calculation

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

MIC Medical's Days Inventory for the fiscal year that ended in Sep. 2010 is calculated as

	Days Inventory (A: Sep. 2010 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2009 )	+	Total Inventories (A: Sep. 2010 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2010 )	*	Days in Period
=	( (14.329	+	17.429)	/	2 )	/	2158.159	*	365
=	15.879					/	2158.159	*	365
=	2.69

MIC Medical's Days Inventory for the quarter that ended in Jun. 2012 is calculated as:

	Days Inventory (Q: Jun. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2012 )	+	Total Inventories (Q: Jun. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2012 )	*	Days in Period
=	( (9.091	+	21.845)	/	2 )	/	504.862	*	365 / 4
=	15.468					/	504.862	*	365 / 4
=	2.80

MIC Medical (TSE:2166) 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.

MIC Medical's Inventory Turnover for the three months ended in Jun. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	504.862	/	15.468
	=	32.64

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.

MIC Medical's Inventory to Revenue for the three months ended in Jun. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.468	/	677.106
	=	0.02

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.

MIC Medical Days Inventory Related Terms

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MIC Medical (TSE:2166) Business Description

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