MEDIROM Healthcare Technologies (MEDIROM Healthcare Technologies) Days Inventory : 11.42 (As of Dec. 2023)

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What is MEDIROM Healthcare Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MEDIROM Healthcare Technologies's Average Total Inventories for the six months ended in Dec. 2023 was $1.17 Mil. MEDIROM Healthcare Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was $18.72 Mil. Hence, MEDIROM Healthcare Technologies's Days Inventory for the six months ended in Dec. 2023 was 11.42.

The historical rank and industry rank for MEDIROM Healthcare Technologies's Days Inventory or its related term are showing as below:

MRM' s Days Inventory Range Over the Past 10 Years
Min: 0.73 Med: 1.1 Max: 10.53
Current: 10.53

During the past 6 years, MEDIROM Healthcare Technologies's highest Days Inventory was 10.53. The lowest was 0.73. And the median was 1.10.

MRM's Days Inventory is ranked better than
67.44% of 86 companies
in the Personal Services industry
Industry Median: 16.44 vs MRM: 10.53

MEDIROM Healthcare Technologies's Days Inventory increased from Dec. 2022 (4.82) to Dec. 2023 (11.42). It might indicate that MEDIROM Healthcare Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. MEDIROM Healthcare Technologies's Inventory Turnover for the six months ended in Dec. 2023 was 15.98.

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. MEDIROM Healthcare Technologies's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

MEDIROM Healthcare Technologies Days Inventory Historical Data

The historical data trend for MEDIROM Healthcare Technologies'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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MEDIROM Healthcare Technologies Days Inventory Chart

MEDIROM Healthcare Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.73

0.83

1.25

4.92

9.08

MEDIROM Healthcare Technologies Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial						1.23	2.01	4.82	11.15	11.42

Competitive Comparison of MEDIROM Healthcare Technologies's Days Inventory

For the Personal Services subindustry, MEDIROM Healthcare Technologies'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.

MEDIROM Healthcare Technologies's Days Inventory Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, MEDIROM Healthcare Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where MEDIROM Healthcare Technologies's Days Inventory falls into.

MEDIROM Healthcare Technologies Days Inventory Calculation

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

MEDIROM Healthcare Technologies's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.846	+	0.972)	/	2 )	/	36.526	*	365
=	0.909					/	36.526	*	365
=	9.08

MEDIROM Healthcare Technologies'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.371	+	0.972)	/	2 )	/	18.719	*	365 / 2
=	1.1715					/	18.719	*	365 / 2
=	11.42

MEDIROM Healthcare Technologies (NAS:MRM) 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.

MEDIROM Healthcare Technologies's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18.719	/	1.1715
	=	15.98

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.

MEDIROM Healthcare Technologies's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.1715	/	24.9
	=	0.05

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.

MEDIROM Healthcare Technologies Days Inventory Related Terms

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

MEDIROM Healthcare Technologies (MEDIROM Healthcare Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » MEDIROM Healthcare Technologies Inc (NAS:MRM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3-1 Daiba, Minato-ku, 16th Floor Tradepia Odaiba, Tokyo, JPN, 135-0091

Website

https://www.medirom.co.jp

MEDIROM Healthcare Technologies Inc provides health services. The company is a franchiser and operator of healthcare salons and operates in segments namely Relaxation Salon, Digital Preventative Healthcare, and Luxury Beauty Segment. The company generates a majority of its revenue from the Relaxation Salon business segment. Geographically, the company generates a maximum share of its revenue from Japan.