Days Inventory is also known as Days Sales of Inventory (DSI). MISTRAS Group's Average Total Inventories for the
three
months ended in Dec. 2023 was $15.5 Mil. MISTRAS Group's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $128.4 Mil.
Hence, MISTRAS Group's Days Inventory for the
three
months ended in Dec. 2023 was 11.03.
The historical rank and industry rank for MISTRAS Group's Days Inventory or its related term are showing as below:
MG'
s Days Inventory Range Over the Past 10 Years
Min: 7.26 Med: 9.38 Max: 11.7
Current: 10.98
During the past 13 years, MISTRAS Group's highest Days Inventory was 11.70. The lowest was 7.26. And the median was 9.38.
MG's Days Inventory is ranked better than 66.32% of 680
companies
in the Business Services industry
Industry Median: 29.11
vs MG: 10.98
MISTRAS Group's Days Inventory
increased
from Dec. 2022 (10.43) to Dec. 2023 (11.03).
It might indicate that MISTRAS Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
MISTRAS Group's Inventory Turnover for the
three
months ended in Dec. 2023 was 8.27.
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.
MISTRAS Group's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.09.
MISTRAS Group Days Inventory Historical Data
The historical data trend for MISTRAS Group'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 MISTRAS Group's Days Inventory
For the Security & Protection Services subindustry, MISTRAS Group'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.
MISTRAS Group's Days Inventory Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, MISTRAS Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where MISTRAS Group's Days Inventory falls into.
MISTRAS Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MISTRAS Group's Days Inventory for the fiscal year that ended in Dec. 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.
MISTRAS Group (NYSE:MG) 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.
MISTRAS Group's Inventory Turnover for the
three
months ended in Dec. 2023 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.
MISTRAS Group's Inventory to Revenue for the
three
months ended in Dec. 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.
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.
MISTRAS Group Days Inventory Related Terms
Thank you for viewing the detailed overview of MISTRAS Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
MISTRAS Group (MISTRAS Group) Business Description
MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are Service, International and Products and Systems, of which key revenue is derived from the Services segment. Services segment provides asset protection solutions predominantly in North America, with the large amount of concentration in the United States, followed by Canada, consisting of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.
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