Menicon Co (TSE:7780) Days Inventory : 120.97 (As of Dec. 2023)

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What is Menicon Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Menicon Co's Average Total Inventories for the three months ended in Dec. 2023 was 円18,412 Mil. Menicon Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円13,889 Mil. Hence, Menicon Co's Days Inventory for the three months ended in Dec. 2023 was 120.97.

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

TSE:7780' s Days Inventory Range Over the Past 10 Years
Min: 104.16 Med: 112.1 Max: 128.45
Current: 118.36

During the past 10 years, Menicon Co's highest Days Inventory was 128.45. The lowest was 104.16. And the median was 112.10.

TSE:7780's Days Inventory is ranked better than
77.12% of 778 companies
in the Medical Devices & Instruments industry
Industry Median: 191.615 vs TSE:7780: 118.36

Menicon Co's Days Inventory increased from Dec. 2022 (116.23) to Dec. 2023 (120.97). It might indicate that Menicon Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Menicon Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.75.

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. Menicon Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.63.

Menicon Co Days Inventory Historical Data

The historical data trend for Menicon 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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Menicon Co Days Inventory Chart

Menicon Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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111.85

115.59

128.45

120.72

117.15

Menicon Co 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															116.23	115.26	121.70	117.06	120.97

Competitive Comparison of Menicon Co's Days Inventory

For the Medical Instruments & Supplies subindustry, Menicon 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.

Menicon Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Menicon Co's Days Inventory distribution charts can be found below:

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

Menicon Co Days Inventory Calculation

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

Menicon Co'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
=	( (15783	+	17417)	/	2 )	/	51720	*	365
=	16600					/	51720	*	365
=	117.15

Menicon 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
=	( (18480	+	18344)	/	2 )	/	13889	*	365 / 4
=	18412					/	13889	*	365 / 4
=	120.97

Menicon Co (TSE:7780) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13889	/	18412
	=	0.75

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18412	/	29275
	=	0.63

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.

Menicon Co Days Inventory Related Terms

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

Menicon Co (TSE:7780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Menicon Co Ltd (TSE:7780) » Definitions » Days Inventory

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Traded in Other Exchanges

5FR:Germany

Address

3-21-19, Aoi, Naka-ku, Aichi, Nagoya, JPN, 460-0006

Website

http://www.menicon.com

Menicon Co Ltd is a contact lens manufacturing company. It is involved in manufacturing, sales, export, and import of contact lenses and other medical goods, manufacturing and sales of medical instruments, sales of medical supplies and research and development of intraocular lenses. The firm's products include soft lenses, gas permeable lenses and lens care products.

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