Meiji Holdings Co (TSE:2269) Days Inventory

: 91.18 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Meiji Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was 円201,661 Mil. Meiji Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円201,806 Mil. Hence, Meiji Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 91.18.

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

TSE:2269' s Days Inventory Range Over the Past 10 Years
Min: 58.78 Med: 66.02 Max: 97.1
Current: 94.62

During the past 13 years, Meiji Holdings Co's highest Days Inventory was 97.10. The lowest was 58.78. And the median was 66.02.

TSE:2269's Days Inventory is ranked worse than
57.11% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.33 vs TSE:2269: 94.62

Meiji Holdings Co's Days Inventory increased from Dec. 2022 (90.71) to Dec. 2023 (91.18). It might indicate that Meiji Holdings Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meiji Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.00.

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. Meiji Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.70.

Meiji Holdings Co Days Inventory Historical Data

The historical data trend for Meiji Holdings 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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Meiji Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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69.17

78.35

87.37

97.10

92.92

Meiji Holdings 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															90.71	94.39	99.47	95.23	91.18

Competitive Comparison

For the Packaged Foods subindustry, Meiji Holdings 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.

Meiji Holdings Co Days Inventory Distribution

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

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

Meiji Holdings Co Days Inventory Calculation

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

Meiji Holdings 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
=	( (185029	+	199555)	/	2 )	/	755355	*	365
=	192292					/	755355	*	365
=	92.92

Meiji Holdings 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
=	( (204370	+	198951)	/	2 )	/	201806	*	365 / 4
=	201660.5					/	201806	*	365 / 4
=	91.18

Meiji Holdings Co (TSE:2269) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	201806	/	201660.5
	=	1.00

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	201660.5	/	286956
	=	0.70

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.

Meiji Holdings Co Days Inventory Related Terms

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

Meiji Holdings Co (TSE:2269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meiji Holdings Co Ltd (TSE:2269) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MEJHY:USA

Address

4-16, Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.meiji.com

Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.

Meiji Holdings Co (TSE:2269) Headlines

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