MTLHF (Mitsubishi Chemical Group) Days Inventory : 93.44 (As of Sep. 2024)

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What is Mitsubishi Chemical Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mitsubishi Chemical Group's Average Total Inventories for the three months ended in Sep. 2024 was $5,658 Mil. Mitsubishi Chemical Group's Cost of Goods Sold for the three months ended in Sep. 2024 was $5,525 Mil. Hence, Mitsubishi Chemical Group's Days Inventory for the three months ended in Sep. 2024 was 93.44.

The historical rank and industry rank for Mitsubishi Chemical Group's Days Inventory or its related term are showing as below:

MTLHF' s Days Inventory Range Over the Past 10 Years
Min: 76.51 Med: 83.41 Max: 92.61
Current: 90.65

During the past 13 years, Mitsubishi Chemical Group's highest Days Inventory was 92.61. The lowest was 76.51. And the median was 83.41.

MTLHF's Days Inventory is ranked worse than
57.27% of 1493 companies
in the Chemicals industry
Industry Median: 79.65 vs MTLHF: 90.65

Mitsubishi Chemical Group's Days Inventory declined from Sep. 2023 (97.97) to Sep. 2024 (93.44).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mitsubishi Chemical Group's Inventory Turnover for the three months ended in Sep. 2024 was 0.98.

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. Mitsubishi Chemical Group's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.73.

Mitsubishi Chemical Group Days Inventory Historical Data

The historical data trend for Mitsubishi Chemical Group'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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Mitsubishi Chemical Group Days Inventory Chart

Mitsubishi Chemical Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

Get a 7-Day Free Trial

85.16

93.06

87.62

88.05

95.38

Mitsubishi Chemical Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															97.97	91.14	87.43	94.92	93.44

Competitive Comparison of Mitsubishi Chemical Group's Days Inventory

For the Specialty Chemicals subindustry, Mitsubishi Chemical Group'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.

Mitsubishi Chemical Group's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mitsubishi Chemical Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mitsubishi Chemical Group's Days Inventory falls into.

Mitsubishi Chemical Group Days Inventory Calculation

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

Mitsubishi Chemical Group'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
=	( (5969.26	+	5334.778)	/	2 )	/	21628.784	*	365
=	5652.019					/	21628.784	*	365
=	95.38

Mitsubishi Chemical Group'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	+	5657.652)	/	1 )	/	5525.057	*	365 / 4
=	5657.652					/	5525.057	*	365 / 4
=	93.44

Mitsubishi Chemical Group (OTCPK:MTLHF) 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.

Mitsubishi Chemical Group's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5525.057	/	5657.652
	=	0.98

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.

Mitsubishi Chemical Group's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5657.652	/	7783.714
	=	0.73

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.

Mitsubishi Chemical Group Days Inventory Related Terms

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

Mitsubishi Chemical Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Chemical Group Corp (OTCPK:MTLHF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MTLHY:USA 4188:Japan M3C0:Germany M3C:Germany M3C:Germany

Address

1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8251

Website

https://www.mcgc.com

Mitsubishi Chemical Group Corp is a holdings company, which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into three segments based on product. The Industrial Materials segment, which generates the majority of revenue, sells chemicals and polymers, including industrial gases, petrochemicals, thermoplastics, polyethylene, and polypropylene. The Performance Products segment sells electronics and designed materials, including LED lighting and equipment, specialty chemicals, polyester and industrial films, and fibers. The Health Care segment sells pharmaceuticals to treat autoimmune diseases, diabetes and kidney diseases, central nervous system treatments, and vaccines. The majority of revenue comes from Japan.