Minth Group (FRA:M3I) Days Inventory : 88.67 (As of Dec. 2023)

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What is Minth Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Minth Group's Average Total Inventories for the six months ended in Dec. 2023 was €482 Mil. Minth Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €991 Mil. Hence, Minth Group's Days Inventory for the six months ended in Dec. 2023 was 88.67.

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

FRA:M3I' s Days Inventory Range Over the Past 10 Years
Min: 81.54 Med: 87.45 Max: 100.26
Current: 91.41

During the past 13 years, Minth Group's highest Days Inventory was 100.26. The lowest was 81.54. And the median was 87.45.

FRA:M3I's Days Inventory is ranked worse than
58.45% of 1254 companies
in the Vehicles & Parts industry
Industry Median: 80.76 vs FRA:M3I: 91.41

Minth Group's Days Inventory declined from Dec. 2022 (89.48) to Dec. 2023 (88.67).

Inventory Turnover measures how fast the company turns over its inventory within a year. Minth Group's Inventory Turnover for the six months ended in Dec. 2023 was 2.06.

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. Minth Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.35.

Minth Group Days Inventory Historical Data

The historical data trend for Minth 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.

* Premium members only.

Minth Group Days Inventory Chart

Minth Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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80.52

94.71

94.97

97.23

95.68

Minth Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															93.21	113.10	89.48	92.98	88.67

Competitive Comparison of Minth Group's Days Inventory

For the Auto Parts subindustry, Minth 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.

Minth Group's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Minth Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Minth Group's Days Inventory falls into.

Minth Group Days Inventory Calculation

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

Minth Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (491.943	+	511.425)	/	2 )	/	1913.79	*	365
=	501.684					/	1913.79	*	365
=	95.68

Minth Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (451.661	+	511.425)	/	2 )	/	991.078	*	365 / 2
=	481.543					/	991.078	*	365 / 2
=	88.67

Minth Group (FRA:M3I) 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.

Minth Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	991.078	/	481.543
	=	2.06

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.

Minth Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	481.543	/	1383.972
	=	0.35

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.

Minth Group Days Inventory Related Terms

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

Minth Group (FRA:M3I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Minth Group Ltd (FRA:M3I) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MNTHY:USA MNTHF:USA 00425:Hong Kong M3I:Germany

Address

No. 1 Yazhong Road, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.minthgroup.com

Minth Group Ltd is an investment holding company with its subsidiaries engaged in the design, manufacturing, processing, developing, and sales of automobile body parts and moulds for passenger cars. It operates in five segments: Aluminium, Plastic, Battery housing, Metal & Trim, and Others. Some of its products consist of trims, decorative parts, body-structural parts, seat frame systems, roof racks, and others. Its geographical operations are located in the PRC, the United States of America (the USA), Japan, Thailand, Germany, Serbia, and Mexico.

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