Morinaga Milk Industry Co (FRA:MO8) Days Inventory : 65.58 (As of Sep. 2024)

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What is Morinaga Milk Industry Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Morinaga Milk Industry Co's Average Total Inventories for the three months ended in Sep. 2024 was €513 Mil. Morinaga Milk Industry Co's Cost of Goods Sold for the three months ended in Sep. 2024 was €714 Mil. Hence, Morinaga Milk Industry Co's Days Inventory for the three months ended in Sep. 2024 was 65.58.

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

FRA:MO8' s Days Inventory Range Over the Past 10 Years
Min: 40.37 Med: 58.59 Max: 67.96
Current: 67.74

During the past 13 years, Morinaga Milk Industry Co's highest Days Inventory was 67.96. The lowest was 40.37. And the median was 58.59.

FRA:MO8's Days Inventory is ranked better than
60.34% of 1818 companies
in the Consumer Packaged Goods industry
Industry Median: 81.405 vs FRA:MO8: 67.74

Morinaga Milk Industry Co's Days Inventory increased from Sep. 2023 (64.75) to Sep. 2024 (65.58). It might indicate that Morinaga Milk Industry Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Morinaga Milk Industry Co's Inventory Turnover for the three months ended in Sep. 2024 was 1.39.

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. Morinaga Milk Industry Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.54.

Morinaga Milk Industry Co Days Inventory Historical Data

The historical data trend for Morinaga Milk Industry 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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Morinaga Milk Industry Co Days Inventory Chart

Morinaga Milk Industry Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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58.95

65.60

65.92

67.92

72.47

Morinaga Milk Industry Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															65.03	75.00	71.58	65.58	68.62

Competitive Comparison of Morinaga Milk Industry Co's Days Inventory

For the Packaged Foods subindustry, Morinaga Milk Industry 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.

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

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

* The bar in red indicates where Morinaga Milk Industry Co's Days Inventory falls into.

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Morinaga Milk Industry Co Days Inventory Calculation

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

Morinaga Milk Industry Co's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (519.756	+	492.415)	/	2 )	/	2549.036	*	365
=	506.0855					/	2549.036	*	365
=	72.47

Morinaga Milk Industry Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	513.332)	/	1 )	/	714.27	*	365 / 4
=	513.332					/	714.27	*	365 / 4
=	65.58

Morinaga Milk Industry Co (FRA:MO8) 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.

Morinaga Milk Industry Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	714.27	/	513.332
	=	1.39

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.

Morinaga Milk Industry Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	513.332	/	945.17
	=	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.

Morinaga Milk Industry Co Days Inventory Related Terms

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

Morinaga Milk Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Morinaga Milk Industry Co Ltd (FRA:MO8) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

2264:Japan

Address

33-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8384

Website

http://www.morinagamilk.co.jp

Morinaga Milk Industry Co Ltd is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk-based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipment. The company through its subsidiaries markets its products internationally.

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