Mitsubishi Motors (TSE:7211) Days Inventory : 62.49 (As of Dec. 2023)

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What is Mitsubishi Motors Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mitsubishi Motors's Average Total Inventories for the three months ended in Dec. 2023 was 円396,786 Mil. Mitsubishi Motors's Cost of Goods Sold for the three months ended in Dec. 2023 was 円579,419 Mil. Hence, Mitsubishi Motors's Days Inventory for the three months ended in Dec. 2023 was 62.49.

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

TSE:7211' s Days Inventory Range Over the Past 10 Years
Min: 38.79 Med: 45.17 Max: 73.53
Current: 61.85

During the past 13 years, Mitsubishi Motors's highest Days Inventory was 73.53. The lowest was 38.79. And the median was 45.17.

TSE:7211's Days Inventory is ranked better than
65.98% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 81.295 vs TSE:7211: 61.85

Mitsubishi Motors's Days Inventory increased from Dec. 2022 (59.30) to Dec. 2023 (62.49). It might indicate that Mitsubishi Motors's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mitsubishi Motors's Inventory Turnover for the three months ended in Dec. 2023 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. Mitsubishi Motors's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.54.

Mitsubishi Motors Days Inventory Historical Data

The historical data trend for Mitsubishi Motors'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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Mitsubishi Motors Days Inventory Chart

Mitsubishi Motors Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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38.87

47.95

73.53

59.82

61.40

Mitsubishi Motors 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															59.30	57.61	64.69	62.99	62.49

Competitive Comparison of Mitsubishi Motors's Days Inventory

For the Auto Manufacturers subindustry, Mitsubishi Motors'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.

Mitsubishi Motors's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsubishi Motors's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mitsubishi Motors's Days Inventory falls into.

Mitsubishi Motors Days Inventory Calculation

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

Mitsubishi Motors'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
=	( (299591	+	351584)	/	2 )	/	1935342	*	365
=	325587.5					/	1935342	*	365
=	61.40

Mitsubishi Motors'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
=	( (380304	+	413267)	/	2 )	/	579419	*	365 / 4
=	396785.5					/	579419	*	365 / 4
=	62.49

Mitsubishi Motors (TSE:7211) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	579419	/	396785.5
	=	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	396785.5	/	733038
	=	0.54

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.

Mitsubishi Motors Days Inventory Related Terms

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

Mitsubishi Motors (TSE:7211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mitsubishi Motors Corp (TSE:7211) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MMTOF:USA MMO:Germany

Address

5-33-8, Shiba, Minato - ku, Tokyo, JPN, 108-8410

Website

http://www.mitsubishi-motors.co.jp

Mitsubishi Motors is a Japanese automobile manufacturer. The company principally produces small passenger vehicles, electric and hybrid vehicles, and sport utility vehicles, or SUVs. Mitsubishi Motors is organised into two business segments: automobile business and automobile financing business. The company derives the vast majority of company revenue from the automotive business. Geographically, the company is separated into five regions: Japan, North America, Europe, Asia (excluding Japan), and other. With more than half of its products manufactures in Japan where it also generates the majority of its consolidated revenue, followed by Asia, and North America.

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