Matthews International (STU:MW1A) Days Inventory : 72.07 (As of Mar. 2024)

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What is Matthews International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Matthews International's Average Total Inventories for the three months ended in Mar. 2024 was €235 Mil. Matthews International's Cost of Goods Sold for the three months ended in Mar. 2024 was €297 Mil. Hence, Matthews International's Days Inventory for the three months ended in Mar. 2024 was 72.07.

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

STU:MW1A' s Days Inventory Range Over the Past 10 Years
Min: 58.86 Med: 65.39 Max: 72.5
Current: 72.5

During the past 13 years, Matthews International's highest Days Inventory was 72.50. The lowest was 58.86. And the median was 65.39.

STU:MW1A's Days Inventory is ranked better than
50.33% of 449 companies
in the Conglomerates industry
Industry Median: 73.45 vs STU:MW1A: 72.50

Matthews International's Days Inventory increased from Mar. 2023 (69.52) to Mar. 2024 (72.07). 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 Mar. 2024 was 1.27.

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 Mar. 2024 was 0.54.

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.

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Matthews International Days Inventory Chart

Matthews International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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64.32

67.11

58.83

56.59

70.50

Matthews International 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															69.52	71.96	72.73	75.26	72.07

Competitive Comparison of Matthews International's Days Inventory

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's Days Inventory Distribution in the Conglomerates Industry

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

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (227.694	+	244.003)	/	2 )	/	1221.121	*	365
=	235.8485					/	1221.121	*	365
=	70.50

Matthews International'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
=	( (236.436	+	233.037)	/	2 )	/	297.198	*	365 / 4
=	234.7365					/	297.198	*	365 / 4
=	72.07

Matthews International (STU:MW1A) 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 Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	297.198	/	234.7365
	=	1.27

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 Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	234.7365	/	433.525
	=	0.54

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 (STU:MW1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Matthews International Corp (STU:MW1A) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MATW:USA MW1A:Germany

Address

Two Northshore Center, Pittsburgh, PA, USA, 15212-5851

Website

https://www.matw.com

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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