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MEI (Methode Electronics) Days Inventory : 102.69 (As of Jan. 2025)


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What is Methode Electronics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Methode Electronics's Average Total Inventories for the three months ended in Jan. 2025 was $224 Mil. Methode Electronics's Cost of Goods Sold for the three months ended in Jan. 2025 was $199 Mil. Hence, Methode Electronics's Days Inventory for the three months ended in Jan. 2025 was 102.69.

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

MEI' s Days Inventory Range Over the Past 10 Years
Min: 37.86   Med: 53.56   Max: 86.8
Current: 86.8

During the past 13 years, Methode Electronics's highest Days Inventory was 86.80. The lowest was 37.86. And the median was 53.56.

MEI's Days Inventory is ranked better than
56.3% of 2389 companies
in the Hardware industry
Industry Median: 96.75 vs MEI: 86.80

Methode Electronics's Days Inventory increased from Jan. 2024 (79.54) to Jan. 2025 (102.69). It might indicate that Methode Electronics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Methode Electronics's Inventory Turnover for the three months ended in Jan. 2025 was 0.89.

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. Methode Electronics's Inventory-to-Revenue for the three months ended in Jan. 2025 was 0.93.


Methode Electronics Days Inventory Historical Data

The historical data trend for Methode Electronics'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.

Methode Electronics Days Inventory Chart

Methode Electronics Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 61.01 57.22 57.41 63.43 67.46

Methode Electronics Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.54 73.63 86.62 87.11 102.69

Competitive Comparison of Methode Electronics's Days Inventory

For the Electronic Components subindustry, Methode Electronics'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.


Methode Electronics's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Methode Electronics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Methode Electronics's Days Inventory falls into.


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Methode Electronics Days Inventory Calculation

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

Methode Electronics's Days Inventory for the fiscal year that ended in Apr. 2024 is calculated as

Days Inventory (A: Apr. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Apr. 2023 ) + Total Inventories (A: Apr. 2024 )) / count ) / Cost of Goods Sold (A: Apr. 2024 )*Days in Period
=( (159.7 + 186.2) / 2 ) / 935.7*365
=172.95 / 935.7*365
=67.46

Methode Electronics's Days Inventory for the quarter that ended in Jan. 2025 is calculated as:

Days Inventory (Q: Jan. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Oct. 2024 ) + Total Inventories (Q: Jan. 2025 )) / count ) / Cost of Goods Sold (Q: Jan. 2025 )*Days in Period
=( (228.2 + 218.8) / 2 ) / 198.6*365 / 4
=223.5 / 198.6*365 / 4
=102.69

* 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.


Methode Electronics  (NYSE:MEI) 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.

Methode Electronics's Inventory Turnover for the three months ended in Jan. 2025 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.

Methode Electronics's Inventory to Revenue for the three months ended in Jan. 2025 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.


Methode Electronics Days Inventory Related Terms

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


Methode Electronics Business Description

Traded in Other Exchanges
Address
8750 West Bryn Mawr Avenue, Suite 1000, Chicago, IL, USA, 60631-3518
Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized into various business segments: Automotive, Industrial, Interface, and Medical. The Automotive segment which generates maximum revenue, supplies electronic and electro-mechanical devices and related products to automobiles. The products manufactured in the automotive segment include overhead and center consoles, hidden and ergonomic switches, insert molded components, LED-based lighting, and sensors. Geographically, the company generates maximum revenue from North America and the rest from Europe, the Middle East & Africa (EMEA), and Asia.
Executives
Mary A Lindsey director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
David P Blom director 200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085
Donald W Duda officer: President
Walter J Aspatore director 255 E BROWN STREET, SUITE 120, BIRMINGHAM MI 48009
Lawrence B Skatoff director 200 SOUTH MICHIGAN AVE, CHICAGO IL 60604
Brian J Cadwallader director 5757 N GREEN BAY AVE, MILWAUKEE WI 53209
Darren Dawson director C/O METHODE ELECTRONICS, INC., 7401 WEST WILSON AVENUE, CHICAGO IL 60706
Joseph Elias Khoury officer: Vice President 7401 W. WILSON AVENUE, HARWOOD HEIGHTS IL 60706
Kerry A. Vyverberg officer: General Counsel 8750 W. BRYN MAWR AVE., SUITE 1000, CHICAGO IL 60631
Timothy Glandon officer: VP&GM NA Automotive 7401 W. WILSON AVENUE, CHICAGO IL 60706
Janie Goddard director C/O ACON - 1133 CONNECTICUT AVENUE, NW, SUITE 700, WASHINGTON DC 20036
Tsoumas Ronald L.g. officer: Controller & Treasurer 7401 W. WILSON AVE., CHICAGO IL 60706
Anil Shetty officer: VP Methode & Pres. Dabir Surf. 7401 WEST WILSON AVENUE, CHICAGO IL 60706
Kevin Michael Martin officer: Vice President, North America 8750 WEST BRYN MAWR AVENUE, SUITE 1000, CHICAGO IL 60631
Therese M Bobek director 685 SKYE LN, INVERNESS IL 60010