Micronics Japan Co (TSE:6871) Days Inventory : 105.59 (As of Dec. 2023)

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What is Micronics Japan Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Micronics Japan Co's Average Total Inventories for the three months ended in Dec. 2023 was 円7,813 Mil. Micronics Japan Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円6,752 Mil. Hence, Micronics Japan Co's Days Inventory for the three months ended in Dec. 2023 was 105.59.

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

TSE:6871' s Days Inventory Range Over the Past 10 Years
Min: 61.01 Med: 77.17 Max: 130.43
Current: 130.43

During the past 13 years, Micronics Japan Co's highest Days Inventory was 130.43. The lowest was 61.01. And the median was 77.17.

TSE:6871's Days Inventory is ranked worse than
50.11% of 940 companies
in the Semiconductors industry
Industry Median: 130.36 vs TSE:6871: 130.43

Micronics Japan Co's Days Inventory increased from Dec. 2022 (96.72) to Dec. 2023 (105.59). It might indicate that Micronics Japan Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Micronics Japan Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.86.

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. Micronics Japan Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.61.

Micronics Japan Co Days Inventory Historical Data

The historical data trend for Micronics Japan 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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Micronics Japan Co Days Inventory Chart

Micronics Japan Co Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Days Inventory

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82.62

84.50

76.36

82.89

98.76

Micronics Japan Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															96.72	134.67	139.51	152.44	105.59

Competitive Comparison of Micronics Japan Co's Days Inventory

For the Semiconductor Equipment & Materials subindustry, Micronics Japan 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.

Micronics Japan Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Micronics Japan Co's Days Inventory distribution charts can be found below:

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

Micronics Japan Co Days Inventory Calculation

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

Micronics Japan Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (5386	+	7652)	/	2 )	/	24092	*	365
=	6519					/	24092	*	365
=	98.76

Micronics Japan Co'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
=	( (8098	+	7528)	/	2 )	/	6752	*	365 / 4
=	7813					/	6752	*	365 / 4
=	105.59

Micronics Japan Co (TSE:6871) 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.

Micronics Japan Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6752	/	7813
	=	0.86

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.

Micronics Japan Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7813	/	12770
	=	0.61

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.

Micronics Japan Co Days Inventory Related Terms

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

Micronics Japan Co (TSE:6871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micronics Japan Co Ltd (TSE:6871) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MJ3:Germany

Address

2-6-8 Kichijoji Hon-cho, Musashino-shi, Tokyo, JPN, 180 8508

Website

http://www.mjc.co.jp

Micronics Japan Co Ltd is a Japanese company which is engaged in manufacturing of semiconductor and related products. It mainly produces probe cards for testing the electrical properties of wafers, testing equipment and test sockets for property testing after packaging, and a wafer prober, which is used for evaluation and analysis of devices. The company also offers products such as array probers, which are used for testing the electrical properties of flat panel displays (FDP), automated optical inspection equipment used for the display inspection of panels, and probe units that send electrical signals to test panels. Its product portfolio includes probe cards, package probe, semiconductor test equipment, automated optical inspection equipment, probe units, and FDP prober products.

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