Meitongyo Co (TSE:2207) Days Inventory : 67.77 (As of Dec. 2023)

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What is Meitongyo Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Meitongyo Co's Average Total Inventories for the three months ended in Dec. 2023 was 円3,934 Mil. Meitongyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円5,296 Mil. Hence, Meitongyo Co's Days Inventory for the three months ended in Dec. 2023 was 67.77.

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

TSE:2207' s Days Inventory Range Over the Past 10 Years
Min: 50.88 Med: 59.22 Max: 70.49
Current: 70.49

During the past 13 years, Meitongyo Co's highest Days Inventory was 70.49. The lowest was 50.88. And the median was 59.22.

TSE:2207's Days Inventory is ranked better than
57.98% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs TSE:2207: 70.49

Meitongyo Co's Days Inventory increased from Dec. 2022 (65.71) to Dec. 2023 (67.77). It might indicate that Meitongyo Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meitongyo Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.35.

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. Meitongyo Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.57.

Meitongyo Co Days Inventory Historical Data

The historical data trend for Meitongyo 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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Meitongyo Co Days Inventory Chart

Meitongyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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60.05

59.83

59.28

63.20

63.93

Meitongyo 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															65.71	62.62	75.93	79.65	67.77

Competitive Comparison of Meitongyo Co's Days Inventory

For the Confectioners subindustry, Meitongyo 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.

Meitongyo Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Meitongyo Co's Days Inventory distribution charts can be found below:

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

Meitongyo Co Days Inventory Calculation

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

Meitongyo 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
=	( (2889	+	3290)	/	2 )	/	17640	*	365
=	3089.5					/	17640	*	365
=	63.93

Meitongyo 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
=	( (4165	+	3702)	/	2 )	/	5296	*	365 / 4
=	3933.5					/	5296	*	365 / 4
=	67.77

Meitongyo Co (TSE:2207) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5296	/	3933.5
	=	1.35

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3933.5	/	6946
	=	0.57

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.

Meitongyo Co Days Inventory Related Terms

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

Meitongyo Co (TSE:2207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meito Sangyo Co Ltd (TSE:2207) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 41-chome, Nagoya, Sasazuka, Aichi Prefecture, JPN, 451-8520

Website

http://www.meito-sangyo.co.jp

Meito Sangyo Co Ltd is a Japanese based company operates in a wide range of business. The company is primarily involved in the manufacture and sale of confectionery, beverages, seasoning foods, food additives and other foods. In addition, it is also involved in the manufacture and sale of pharmaceuticals, quasi-drugs, medical devices, veterinary medicines, cosmetics, and other chemical products. Further, it also involved in the construction and management of golf course activity. Geographically, business activities of the group are functioned through the region of Japan.

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