Micreed Co (TSE:7687) Days Inventory : 20.33 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Micreed Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Micreed Co's Average Total Inventories for the three months ended in Dec. 2023 was 円231 Mil. Micreed Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,037 Mil. Hence, Micreed Co's Days Inventory for the three months ended in Dec. 2023 was 20.33.

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

TSE:7687' s Days Inventory Range Over the Past 10 Years
Min: 17.7 Med: 19.69 Max: 23.78
Current: 20.92

During the past 6 years, Micreed Co's highest Days Inventory was 23.78. The lowest was 17.70. And the median was 19.69.

TSE:7687's Days Inventory is ranked better than
75% of 296 companies
in the Retail - Defensive industry
Industry Median: 36.41 vs TSE:7687: 20.92

Micreed Co's Days Inventory declined from Dec. 2022 (21.55) to Dec. 2023 (20.33).

Inventory Turnover measures how fast the company turns over its inventory within a year. Micreed Co's Inventory Turnover for the three months ended in Dec. 2023 was 4.49.

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. Micreed Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.15.

Micreed Co Days Inventory Historical Data

The historical data trend for Micreed Co'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.

Micreed Co Days Inventory Chart

Micreed Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

19.03

17.70

23.78

23.67

19.67

Micreed Co Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial														21.55	23.87	18.06	17.82	20.33

Competitive Comparison of Micreed Co's Days Inventory

For the Food Distribution subindustry, Micreed Co'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.

Micreed Co's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Micreed Co's Days Inventory distribution charts can be found below:

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

Micreed Co Days Inventory Calculation

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

Micreed Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (153	+	179)	/	2 )	/	3081	*	365
=	166					/	3081	*	365
=	19.67

Micreed Co'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (196	+	266)	/	2 )	/	1037	*	365 / 4
=	231					/	1037	*	365 / 4
=	20.33

Micreed Co (TSE:7687) 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.

Micreed Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1037	/	231
	=	4.49

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.

Micreed Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	231	/	1590
	=	0.15

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.

Micreed Co Days Inventory Related Terms

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

Micreed Co (TSE:7687) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Micreed Co Ltd (TSE:7687) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-16-13 Nihonbashi, Chuo-ku, Landic Nihonbashi Building 9th Floor, Tokyo- Shipping Center, Chiba Prefecture, Order Center Saga City, Saga Prefecture, Narashino, JPN, 103-0027

Website

https://corp.micreed.co.jp

Micreed Co Ltd is engaged in planning and sales of commercial ingredients for restaurants. The company sells products such as meat, fish, vegetables, skewers, fried foods and desserts, frozen foods. It serves small and medium-sized restaurants, mainly privately owned izakayas.

Micreed Co (TSE:7687) Headlines

No Headlines