SMG Industries (SMG Industries) Days Inventory

: 2.32 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). SMG Industries's Average Total Inventories for the three months ended in Sep. 2023 was $0.79 Mil. SMG Industries's Cost of Goods Sold for the three months ended in Sep. 2023 was $31.01 Mil. Hence, SMG Industries's Days Inventory for the three months ended in Sep. 2023 was 2.32.

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

SMGI' s Days Inventory Range Over the Past 10 Years
Min: 3.43 Med: 36.24 Max: 704.23
Current: 3.43

During the past 13 years, SMG Industries's highest Days Inventory was 704.23. The lowest was 3.43. And the median was 36.24.

SMGI's Days Inventory is ranked better than
92.73% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs SMGI: 3.43

SMG Industries's Days Inventory increased from Sep. 2022 (0.00) to Sep. 2023 (2.32). It might indicate that SMG Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SMG Industries's Inventory Turnover for the three months ended in Sep. 2023 was 39.40.

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. SMG Industries's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.02.

SMG Industries Days Inventory Historical Data

The historical data trend for SMG Industries'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.

* Premium members only.

SMG Industries Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

18.65

53.17

SMG Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory																-	-	-	-	2.32

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, SMG Industries'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.

SMG Industries Days Inventory Distribution

For the Oil & Gas industry and Energy sector, SMG Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where SMG Industries's Days Inventory falls into.

SMG Industries Days Inventory Calculation

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

SMG Industries'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
=	( (0	+	0)	/	1 )	/	65.285	*	365
=	0					/	65.285	*	365
=	0.00

SMG Industries's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0.787)	/	1 )	/	31.007	*	365 / 4
=	0.787					/	31.007	*	365 / 4
=	2.32

SMG Industries (OTCPK:SMGI) 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.

SMG Industries's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.007	/	0.787
	=	39.40

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.

SMG Industries's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.787	/	33.29
	=	0.02

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.

SMG Industries Days Inventory Related Terms

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

SMG Industries (SMG Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SMG Industries Inc (OTCPK:SMGI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

State Hwy 249, Suite 450, Houston, TX, USA, 77070

Website

https://www.SMGIndustries.com

SMG Industries Inc is an oilfield service company that is a growth-oriented midstream, logistics, and oilfield services company that operates throughout the domestic Southwest United States. It offers an expanding suite of products and services across the oilfield market segments of drilling, completion, and production.

Executives

Timothy W Barnhart	director, officer: Chief Financial Officer	9251 WEST MAIN ROAD, NORTH EAST PA 16428
Bryan S Barnhart	director, officer: Chief Executive Officer	9251 WEST MAIN ROAD, NORTH EAST PA 16428
Wilson Newton W Iii	director, 10 percent owner	C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Frye James E. Jr.	director, 10 percent owner	4090 N. HWY US 79, PALESTINE TX 75801
Newton W. Dorsett	director	220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101
Brady E. Crosswell	director, 10 percent owner	902 WILD VALLEY ROAD, HOUSTON TX 77057
Steven H Madden	10 percent owner	9821 KATY FWY, STE 880, APEX HERITAGE GROUP, HOUSTON TX 77024
Allen Ray Parrott	officer: Chief Financial Officer	10626 SHELDON ROAD, HOUSTON TX 77044
Jeffrey Ralph Martini	officer: Chief Executive Officer	18226 MEMORIAL SPRINGS CT., TOMBALL TX 77375
Joseph L Page	director	8523 OLD QUARRY DR, SUGAR LAND TX 77479
Matthew C Flemming	director, officer: President, CEO and Chairman	18614 RESICA FALLS, HOUSTON TX 77094
Stephen Christian	officer: Executive Vice President	710 N. POST ROAD, SUITE 400, HOUSTON TX 77024
Robert Michael Villarreal	director	710 N POST OAK ROAD, SUITE 315, HOUSTON TX 77024
George W Gilman	10 percent owner	710 N. POST OAK RD., SUITE 400, HOUSTON TX 77024
Gilbert Michael A. Ii	director	851 WYCLIFFE DRIVE, HOUSTON TX 77079