Minami Acoustics (SZSE:301383) Days Inventory : 59.49 (As of Mar. 2024)

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What is Minami Acoustics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Minami Acoustics's Average Total Inventories for the three months ended in Mar. 2024 was ¥227 Mil. Minami Acoustics's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥348 Mil. Hence, Minami Acoustics's Days Inventory for the three months ended in Mar. 2024 was 59.49.

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

SZSE:301383' s Days Inventory Range Over the Past 10 Years
Min: 45.61 Med: 52.79 Max: 62.33
Current: 51.21

During the past 6 years, Minami Acoustics's highest Days Inventory was 62.33. The lowest was 45.61. And the median was 52.79.

SZSE:301383's Days Inventory is ranked better than
80.78% of 2409 companies
in the Hardware industry
Industry Median: 101.78 vs SZSE:301383: 51.21

Minami Acoustics's Days Inventory declined from Mar. 2023 (70.45) to Mar. 2024 (59.49).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Minami Acoustics's Inventory Turnover for the three months ended in Mar. 2024 was 1.53.

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. Minami Acoustics's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.55.

Minami Acoustics Days Inventory Historical Data

The historical data trend for Minami Acoustics'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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Minami Acoustics Days Inventory Chart

Minami Acoustics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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62.33

45.61

58.66

48.06

Minami Acoustics Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial									70.45	45.11	44.99	57.37	59.49

Competitive Comparison of Minami Acoustics's Days Inventory

For the Consumer Electronics subindustry, Minami Acoustics'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.

Minami Acoustics's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Minami Acoustics's Days Inventory distribution charts can be found below:

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

Minami Acoustics Days Inventory Calculation

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

Minami Acoustics's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (157.366	+	211.173)	/	2 )	/	1399.352	*	365
=	184.2695					/	1399.352	*	365
=	48.06

Minami Acoustics'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
=	( (211.173	+	242.895)	/	2 )	/	348.269	*	365 / 4
=	227.034					/	348.269	*	365 / 4
=	59.49

Minami Acoustics (SZSE:301383) 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.

Minami Acoustics's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	348.269	/	227.034
	=	1.53

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.

Minami Acoustics's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	227.034	/	414.064
	=	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.

Minami Acoustics Days Inventory Related Terms

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

Minami Acoustics (SZSE:301383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minami Acoustics Ltd (SZSE:301383) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 66, Baokuang Road, Shangou Industrial Zone, Yudu County, Jiangxi, Ganzhou, CHN, 342300

Website

http://www.minamiacoustics.com

Minami Acoustics Ltd focuses on the research & development, production and sales of electroacoustic components and accessories, and has production and manufacturing bases in Zhongshan, Yudu and Malaysia respectively. The main business is the research and development, manufacturing and sales of micro electroacoustic components, consumer, industrial and vehicle-mounted electroacoustic products, and health acoustic products.

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