Members Co (TSE:2130) Days Inventory

: 2.82 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Members Co's Average Total Inventories for the three months ended in Dec. 2023 was 円122 Mil. Members Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,955 Mil. Hence, Members Co's Days Inventory for the three months ended in Dec. 2023 was 2.82.

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

TSE:2130' s Days Inventory Range Over the Past 10 Years
Min: 1.44 Med: 2.31 Max: 4.21
Current: 2.37

During the past 13 years, Members Co's highest Days Inventory was 4.21. The lowest was 1.44. And the median was 2.31.

TSE:2130's Days Inventory is ranked better than
87.63% of 655 companies
in the Media - Diversified industry
Industry Median: 26.32 vs TSE:2130: 2.37

Members Co's Days Inventory increased from Dec. 2022 (2.11) to Dec. 2023 (2.82). It might indicate that Members Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Members Co's Inventory Turnover for the three months ended in Dec. 2023 was 32.38.

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. Members Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Members Co Days Inventory Historical Data

The historical data trend for Members 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.

* Premium members only.

Members Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

2.21

1.88

1.54

1.44

1.72

Members 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																2.11	2.25	1.85	1.43	2.82

Competitive Comparison

For the Advertising Agencies subindustry, Members 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.

Members Co Days Inventory Distribution

For the Media - Diversified industry and Communication Services sector, Members Co's Days Inventory distribution charts can be found below:

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

Members Co Days Inventory Calculation

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

Members 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
=	( (48.632	+	68.547)	/	2 )	/	12461.182	*	365
=	58.5895					/	12461.182	*	365
=	1.72

Members 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
=	( (44.069	+	200.25)	/	2 )	/	3955.212	*	365 / 4
=	122.1595					/	3955.212	*	365 / 4
=	2.82

Members Co (TSE:2130) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3955.212	/	122.1595
	=	32.38

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	122.1595	/	4968.238
	=	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.

Members Co Days Inventory Related Terms

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

Members Co (TSE:2130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Members Co Ltd (TSE:2130) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lexington Plaza 5-2-4 Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN

Website

http://www.members.co.jp

Members Co Ltd is engaged in providing marketing strategy, web video production business, web content planning, web creator dispatch business, web media management, system development service business, and freelance support project.

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