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Meiwa Estate Co (TSE:8869) Days Inventory : 268.07 (As of Mar. 2024)


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What is Meiwa Estate Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Meiwa Estate Co's Average Total Inventories for the three months ended in Mar. 2024 was 円79,191 Mil. Meiwa Estate Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円26,956 Mil. Hence, Meiwa Estate Co's Days Inventory for the three months ended in Mar. 2024 was 268.07.

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

TSE:8869' s Days Inventory Range Over the Past 10 Years
Min: 294.37   Med: 386.2   Max: 491.51
Current: 491.51

During the past 13 years, Meiwa Estate Co's highest Days Inventory was 491.51. The lowest was 294.37. And the median was 386.20.

TSE:8869's Days Inventory is ranked better than
59.02% of 1342 companies
in the Real Estate industry
Industry Median: 695.655 vs TSE:8869: 491.51

Meiwa Estate Co's Days Inventory increased from Mar. 2023 (256.18) to Mar. 2024 (268.07). It might indicate that Meiwa Estate Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meiwa Estate Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.34.

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. Meiwa Estate Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.35.


Meiwa Estate Co Days Inventory Historical Data

The historical data trend for Meiwa Estate 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.

Meiwa Estate Co Days Inventory Chart

Meiwa Estate Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 448.55 401.98 406.88 489.06 481.74

Meiwa Estate Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 256.18 620.89 534.83 1,255.13 268.07

Competitive Comparison of Meiwa Estate Co's Days Inventory

For the Real Estate Services subindustry, Meiwa Estate 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.


Meiwa Estate Co's Days Inventory Distribution in the Real Estate Industry

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

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



Meiwa Estate Co Days Inventory Calculation

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

Meiwa Estate Co'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
=( (68386 + 78690) / 2 ) / 55718*365
=73538 / 55718*365
=481.74

Meiwa Estate Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (79691 + 78690) / 2 ) / 26956*365 / 4
=79190.5 / 26956*365 / 4
=268.07

* 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.


Meiwa Estate Co  (TSE:8869) 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.

Meiwa Estate Co's Inventory Turnover for the three months ended in Mar. 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.

Meiwa Estate Co's Inventory to Revenue for the three months ended in Mar. 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.


Meiwa Estate Co Days Inventory Related Terms

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


Meiwa Estate Co Business Description

Traded in Other Exchanges
N/A
Address
9-6 Shinsen-cho, Shibuya-ku, Tokyo, JPN, 150-8555
Meiwa Estate Co Ltd is a Japan-based real estate development company. It develops, sells, leases, and manages condominiums and other real estate properties. The company also provides brokerage services, sells furniture and interior decorations, lending, and mortgage services.

Meiwa Estate Co Headlines

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