Days Inventory is also known as Days Sales of Inventory (DSI). Meredith's Average Total Inventories for the
three
months ended in Sep. 2021 was $30 Mil. Meredith's Cost of Goods Sold for the
three
months ended in Sep. 2021 was $266 Mil.
Hence, Meredith's Days Inventory for the
three
months ended in Sep. 2021 was 10.10.
The historical rank and industry rank for Meredith's Days Inventory or its related term are showing as below:
MDP'
s Days Inventory Range Over the Past 10 Years
Min: 10.75 Med: 14.77 Max: 16.88
Current: 10.75
During the past 13 years, Meredith's highest Days Inventory was 16.88. The lowest was 10.75. And the median was 14.77.
MDP's Days Inventory is not ranked
in the Media - Diversified industry.
Industry Median: 26.06
vs MDP: 10.75
Meredith's Days Inventory
declined
from Sep. 2020 (12.70) to Sep. 2021 (10.10).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Meredith's Inventory Turnover for the
three
months ended in Sep. 2021 was 9.03.
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.
Meredith's Inventory-to-Revenue for the
three
months ended in Sep. 2021 was 0.04.
Meredith Days Inventory Historical Data
The historical data trend for Meredith'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.
Competitive Comparison of Meredith's Days Inventory
For the Publishing subindustry, Meredith'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.
Meredith's Days Inventory Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Meredith's Days Inventory distribution charts can be found below:
* The bar in red indicates where Meredith's Days Inventory falls into.
Meredith Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Meredith's Days Inventory for the fiscal year that ended in Jun. 2021 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.
Meredith (NYSE:MDP) 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.
Meredith's Inventory Turnover for the
three
months ended in Sep. 2021 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.
Meredith's Inventory to Revenue for the
three
months ended in Sep. 2021 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.
Meredith Days Inventory Related Terms
Thank you for viewing the detailed overview of Meredith's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Meredith Corp is an American media company that focuses on publications and marketing services around the home, family, food, and lifestyle markets. The company operates two divisions: national media and local media. The national media segment publishes magazines such as Every Day with Rachael Ray, Better Homes and Gardens, Family Fun, and Parents; this segment is the source of the majority of Meredith's revenue. The local media segment owns over 15 television stations around the United States. In 2014, the company announced a 10-year licensing agreement with Martha Stewart Omnimedia to acquire the rights to Martha Stewart Living, Martha Stewart Weddings, and marthastewart.com.
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