The historical rank and industry rank for Minebea Mitsumi's Days Inventory or its related term are showing as below:
MNBEY'
s Days Inventory Range Over the Past 10 Years
Min: 69.95 Med: 75.28 Max: 89.87
Current: 89.87
During the past 13 years, Minebea Mitsumi's highest Days Inventory was 89.87. The lowest was 69.95. And the median was 75.28.
MNBEY's Days Inventory is ranked better than 57.88% of 2405
companies
in the Hardware industry
Industry Median: 104.01
vs MNBEY: 89.87
Minebea Mitsumi's Days Inventory
increased
from Dec. 2022 (78.43) to Dec. 2023 (85.96).
It might indicate that Minebea Mitsumi's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Minebea Mitsumi's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.06.
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.
Minebea Mitsumi's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.78.
Minebea Mitsumi Days Inventory Historical Data
The historical data trend for Minebea Mitsumi'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 Minebea Mitsumi's Days Inventory
For the Electronic Components subindustry, Minebea Mitsumi'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.
Minebea Mitsumi's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Minebea Mitsumi's Days Inventory distribution charts can be found below:
* The bar in red indicates where Minebea Mitsumi's Days Inventory falls into.
Minebea Mitsumi Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Minebea Mitsumi's Days Inventory for the fiscal year that ended in Mar. 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.
Minebea Mitsumi (OTCPK:MNBEY) 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.
Minebea Mitsumi'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.
Minebea Mitsumi'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.
Minebea Mitsumi Days Inventory Related Terms
Thank you for viewing the detailed overview of Minebea Mitsumi's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Minebea Mitsumi (Minebea Mitsumi) Business Description
Minebea Mitsumi Inc is an electronic components company. Its operating segments are Machined components, Electronic devices and components and MITSUMI business. The machined components segment manufactures mechanical parts including ball bearings, rod-end bearings, pivot assemblies for hard disk drive (HDD), and screws for automobiles and aircrafts. The electronic devices and components segment manufactures electronic devices (such as LED backlights and sensing devices), HDD spindle motors, stepping motors, DC motors, air movers (fan motors), precision motors and specialized devices. And The MITSUMI business segment manufactures semiconductor devices, optical devices, mechanical parts, high-frequency components, and power supply parts.
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