Days Inventory is also known as Days Sales of Inventory (DSI). Micron Technology's Average Total Inventories for the
three
months ended in Feb. 2024 was $8,360 Mil. Micron Technology's Cost of Goods Sold for the
three
months ended in Feb. 2024 was $4,745 Mil.
Hence, Micron Technology's Days Inventory for the
three
months ended in Feb. 2024 was 160.76.
The historical rank and industry rank for Micron Technology's Days Inventory or its related term are showing as below:
MU'
s Days Inventory Range Over the Past 10 Years
Min: 79.72 Med: 101.1 Max: 164.8
Current: 164.8
During the past 13 years, Micron Technology's highest Days Inventory was 164.80. The lowest was 79.72. And the median was 101.10.
MU's Days Inventory is ranked worse than 64.43% of 939
companies
in the Semiconductors industry
Industry Median: 131.48
vs MU: 164.80
Micron Technology's Days Inventory
increased
from Feb. 2023 (153.55) to Feb. 2024 (160.76).
It might indicate that Micron Technology's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Micron Technology's Inventory Turnover for the
three
months ended in Feb. 2024 was 0.57.
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.
Micron Technology's Inventory-to-Revenue for the
three
months ended in Feb. 2024 was 1.44.
Micron Technology Days Inventory Historical Data
The historical data trend for Micron Technology'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.
For the Semiconductors subindustry, Micron Technology'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.
Micron Technology Days Inventory Distribution
For the Semiconductors industry and Technology sector, Micron Technology's Days Inventory distribution charts can be found below:
* The bar in red indicates where Micron Technology's Days Inventory falls into.
Micron Technology Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Micron Technology's Days Inventory for the fiscal year that ended in Aug. 2023 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.
Micron Technology (NAS:MU) 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.
Micron Technology's Inventory Turnover for the
three
months ended in Feb. 2024 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.
Micron Technology's Inventory to Revenue for the
three
months ended in Feb. 2024 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.
Micron Technology Days Inventory Related Terms
Thank you for viewing the detailed overview of Micron Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Micron Technology (Micron Technology) Business Description
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
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