The historical rank and industry rank for Myers Industries's Days Inventory or its related term are showing as below:
MYE'
s Days Inventory Range Over the Past 10 Years
Min: 42.69 Med: 53.72 Max: 65.04
Current: 65.04
During the past 13 years, Myers Industries's highest Days Inventory was 65.04. The lowest was 42.69. And the median was 53.72.
MYE's Days Inventory is ranked better than 61.42% of 381
companies
in the Packaging & Containers industry
Industry Median: 76.26
vs MYE: 65.04
Myers Industries's Days Inventory
increased
from Dec. 2023 (63.77) to Dec. 2024 (66.83).
It might indicate that Myers Industries's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Myers Industries's Inventory Turnover for the
three
months ended in Dec. 2024 was 1.37.
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.
Myers Industries's Inventory-to-Revenue for the
three
months ended in Dec. 2024 was 0.50.
Myers Industries Days Inventory Historical Data
The historical data trend for Myers Industries'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.
Competitive Comparison of Myers Industries's Days Inventory
For the Packaging & Containers subindustry, Myers Industries'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.
Myers Industries's Days Inventory Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Myers Industries's Days Inventory falls into.
* 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.
Myers Industries (NYSE:MYE) 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.
Myers Industries's Inventory Turnover for the
three
months ended in Dec. 2024 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.
Myers Industries's Inventory to Revenue for the
three
months ended in Dec. 2024 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.
Myers Industries Days Inventory Related Terms
Thank you for viewing the detailed overview of Myers Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Myers Industries Inc designs, manufactures, and markets a variety of plastic, metal, and rubber products, including a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products, OEM parts, custom plastic products, consumer fuel containers and tanks for water, fuel and waste handling. It operates through the following segments: The Material Handling segment manufactures a selection of durable plastic reusable products that are used repeatedly during the course of their service life. The Distribution segment is engaged in the distribution of equipment, tools, and supplies used for tire servicing and automotive under-vehicle repair, etc. It generates the majority of its revenue from the Material Handling segment.
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