Days Inventory is also known as Days Sales of Inventory (DSI). Matthews International's Average Total Inventories for the
three
months ended in Dec. 2023 was $259 Mil. Matthews International's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $318 Mil.
Hence, Matthews International's Days Inventory for the
three
months ended in Dec. 2023 was 74.44.
The historical rank and industry rank for Matthews International's Days Inventory or its related term are showing as below:
MATW'
s Days Inventory Range Over the Past 10 Years
Min: 58.86 Med: 65.39 Max: 72.24
Current: 71.69
During the past 13 years, Matthews International's highest Days Inventory was 72.24. The lowest was 58.86. And the median was 65.39.
MATW's Days Inventory is ranked better than 50.44% of 450
companies
in the Conglomerates industry
Industry Median: 72.1
vs MATW: 71.69
Matthews International's Days Inventory
increased
from Dec. 2022 (69.25) to Dec. 2023 (74.44).
It might indicate that Matthews International's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Matthews International's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.23.
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.
Matthews International's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.58.
Matthews International Days Inventory Historical Data
The historical data trend for Matthews International'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.
For the Conglomerates subindustry, Matthews International'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.
Matthews International Days Inventory Distribution
For the Conglomerates industry and Industrials sector, Matthews International's Days Inventory distribution charts can be found below:
* The bar in red indicates where Matthews International's Days Inventory falls into.
Matthews International Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Matthews International's Days Inventory for the fiscal year that ended in Sep. 2023 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.
Matthews International (NAS:MATW) 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.
Matthews International's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Matthews International's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Matthews International Days Inventory Related Terms
Thank you for viewing the detailed overview of Matthews International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthews International (Matthews International) Business Description
Matthews International Corp is a personal services company that primarily provides brand solution services, memorialization products, and industrial products in the United States and Europe. The majority of Matthews' revenue is derived from its SGK Brand Solutions business, which provides brand development services, printing equipment, creative design services, and embossing tools to the consumer packaged goods and packaging industries. The company's Memorialization segment, which sells bronze and granite memorials, caskets, and cremation equipment to the cemetery and funeral home industries, also contributes a significant amount. Most of Matthews' revenue is generated from sales made in the U.S., while European customers also contribute a sizable percentage.
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