Macnica Holdings (TSE:3132) Days Inventory : 90.84 (As of Dec. 2023)

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What is Macnica Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Macnica Holdings's Average Total Inventories for the three months ended in Dec. 2023 was 円221,950 Mil. Macnica Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円222,956 Mil. Hence, Macnica Holdings's Days Inventory for the three months ended in Dec. 2023 was 90.84.

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

TSE:3132' s Days Inventory Range Over the Past 10 Years
Min: 60.82 Med: 76.52 Max: 90.71
Current: 85.16

During the past 8 years, Macnica Holdings's highest Days Inventory was 90.71. The lowest was 60.82. And the median was 76.52.

TSE:3132's Days Inventory is ranked better than
60.42% of 2405 companies
in the Hardware industry
Industry Median: 103.88 vs TSE:3132: 85.16

Macnica Holdings's Days Inventory increased from Dec. 2022 (70.39) to Dec. 2023 (90.84). It might indicate that Macnica Holdings's sales slowed down.

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. Macnica Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 1.00.

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. Macnica Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.88.

Macnica Holdings Days Inventory Historical Data

The historical data trend for Macnica Holdings'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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Macnica Holdings Days Inventory Chart

Macnica Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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90.71

85.48

66.48

60.82

72.26

Macnica Holdings Quarterly Data
	Mar19	Jun19	Sep19	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															70.39	82.65	83.68	87.48	90.84

Competitive Comparison of Macnica Holdings's Days Inventory

For the Electronics & Computer Distribution subindustry, Macnica Holdings'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.

Macnica Holdings's Days Inventory Distribution in the Hardware Industry

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

* The bar in red indicates where Macnica Holdings's Days Inventory falls into.

Macnica Holdings Days Inventory Calculation

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

Macnica Holdings'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
=	( (138764	+	218905)	/	2 )	/	903360	*	365
=	178834.5					/	903360	*	365
=	72.26

Macnica Holdings'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
=	( (223859	+	220041)	/	2 )	/	222956	*	365 / 4
=	221950					/	222956	*	365 / 4
=	90.84

Macnica Holdings (TSE:3132) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	222956	/	221950
	=	1.00

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	221950	/	253342
	=	0.88

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.

Macnica Holdings Days Inventory Related Terms

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

Macnica Holdings (TSE:3132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Macnica Holdings Inc (TSE:3132) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-3 Shinyokohama, Kohoku Ward, Kanagawa Prefecture, Yokohama, JPN

Website

http://www.macfehd.co.jp

Macnica Holdings Inc is an independent electronics distribution company in Japan. The company imports, exports and distributes electronic components such as semiconductor devices and Integrated Circuit (IC), and business accompanying or pertaining to such activities. Its business segments are the Integrated Circuit, Electronic Devices, and Other Business and the Network Business. The IC, Electronic Devices, and Other Business handle the sales of products such as ICs and electronic devices and the Network Business is responsible for the sales of network-related hardware, software, and services.

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