MIRAI (TSE:3476) Days Inventory : 0.00 (As of Apr. 2023)

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What is MIRAI Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MIRAI's Average Total Inventories for the six months ended in Apr. 2023 was 円0 Mil. MIRAI's Cost of Goods Sold for the six months ended in Apr. 2023 was 円2,902 Mil. Hence, MIRAI's Days Inventory for the six months ended in Apr. 2023 was 0.00.

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

TSE:3476's Days Inventory is not ranked ^*
in the REITs industry.
Industry Median: 89.35
* Ranked among companies with meaningful Days Inventory only.

MIRAI's Days Inventory stayed the same from Apr. 2022 (0.00) to Apr. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. MIRAI's Inventory-to-Revenue for the six months ended in Apr. 2023 was 0.00.

MIRAI Days Inventory Historical Data

The historical data trend for MIRAI'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.

MIRAI Days Inventory Chart

MIRAI Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Days Inventory

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MIRAI Semi-Annual Data
	May16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Days Inventory	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of MIRAI's Days Inventory

For the REIT - Diversified subindustry, MIRAI'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.

MIRAI's Days Inventory Distribution in the REITs Industry

For the REITs industry and Real Estate sector, MIRAI's Days Inventory distribution charts can be found below:

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

MIRAI Days Inventory Calculation

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

MIRAI's Days Inventory for the fiscal year that ended in Oct. 2022 is calculated as

	Days Inventory (A: Oct. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2021 )	+	Total Inventories (A: Oct. 2022 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	4697.143	*	365
=	0					/	4697.143	*	365
=	0.00

MIRAI's Days Inventory for the quarter that ended in Apr. 2023 is calculated as:

	Days Inventory (Q: Apr. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2022 )	+	Total Inventories (Q: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2901.732	*	365 / 2
=	0					/	2901.732	*	365 / 2
=	0.00

MIRAI (TSE:3476) 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.

MIRAI's Inventory Turnover for the six months ended in Apr. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2901.732	/	0
	=

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.

MIRAI's Inventory to Revenue for the six months ended in Apr. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	6308.962
	=	0.00

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.

MIRAI Days Inventory Related Terms

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

MIRAI (TSE:3476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MIRAI Corp (TSE:3476) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, No. 1, Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065

Website

http://www.3476.jp

MIRAI Corp is a Japanese real estate investment trust. The company invests in diversified portfolio of real estate properties including office buildings, retail properties and hotel.

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