Morito Co (TSE:9837) Days Inventory : 69.84 (As of Feb. 2024)

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What is Morito Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Morito Co's Average Total Inventories for the three months ended in Feb. 2024 was 円6,403 Mil. Morito Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円8,366 Mil. Hence, Morito Co's Days Inventory for the three months ended in Feb. 2024 was 69.84.

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

TSE:9837' s Days Inventory Range Over the Past 10 Years
Min: 50.32 Med: 55.09 Max: 69.09
Current: 69.09

During the past 13 years, Morito Co's highest Days Inventory was 69.09. The lowest was 50.32. And the median was 55.09.

TSE:9837's Days Inventory is ranked better than
68.94% of 1069 companies
in the Retail - Cyclical industry
Industry Median: 110.76 vs TSE:9837: 69.09

Morito Co's Days Inventory declined from Feb. 2023 (74.92) to Feb. 2024 (69.84).

Inventory Turnover measures how fast the company turns over its inventory within a year. Morito Co's Inventory Turnover for the three months ended in Feb. 2024 was 1.31.

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. Morito Co's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.55.

Morito Co Days Inventory Historical Data

The historical data trend for Morito 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.

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Morito Co Days Inventory Chart

Morito Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Inventory

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57.24

59.35

52.44

58.28

68.89

Morito Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial															74.92	68.91	72.53	64.07	69.84

Competitive Comparison of Morito Co's Days Inventory

For the Apparel Retail subindustry, Morito 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.

Morito Co's Days Inventory Distribution in the Retail - Cyclical Industry

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

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

Morito Co Days Inventory Calculation

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

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

	Days Inventory (A: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Nov. 2022 )	+	Total Inventories (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (6953.715	+	6358.41)	/	2 )	/	35264.051	*	365
=	6656.0625					/	35264.051	*	365
=	68.89

Morito Co's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

	Days Inventory (Q: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (6358.41	+	6447.826)	/	2 )	/	8365.774	*	365 / 4
=	6403.118					/	8365.774	*	365 / 4
=	69.84

Morito Co (TSE:9837) 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.

Morito Co's Inventory Turnover for the three months ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8365.774	/	6403.118
	=	1.31

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.

Morito Co's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6403.118	/	11744.197
	=	0.55

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.

Morito Co Days Inventory Related Terms

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

Morito Co (TSE:9837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Morito Co Ltd (TSE:9837) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-2-4 Minami-Honmachi Chuo-ku, Osaka, JPN, 541-0054

Website

http://www.morito.co.jp

Morito Co., Ltd produces and sells eyelets, hooks, flat fasteners, and other apparel and footwear accessories and articles as well as materials for camera components and vehicle interiors.

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