Minh Phu Seafood Group (STC:MPC) Days Inventory : 182.97 (As of Mar. 2024)

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What is Minh Phu Seafood Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Minh Phu Seafood Group's Average Total Inventories for the three months ended in Mar. 2024 was ₫5,021,180 Mil. Minh Phu Seafood Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫2,504,077 Mil. Hence, Minh Phu Seafood Group's Days Inventory for the three months ended in Mar. 2024 was 182.97.

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

STC:MPC' s Days Inventory Range Over the Past 10 Years
Min: 84.45 Med: 110.56 Max: 188.84
Current: 186.7

During the past 13 years, Minh Phu Seafood Group's highest Days Inventory was 188.84. The lowest was 84.45. And the median was 110.56.

STC:MPC's Days Inventory is ranked worse than
85.04% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs STC:MPC: 186.70

Minh Phu Seafood Group's Days Inventory declined from Mar. 2023 (223.32) to Mar. 2024 (182.97).

Inventory Turnover measures how fast the company turns over its inventory within a year. Minh Phu Seafood Group's Inventory Turnover for the three months ended in Mar. 2024 was 0.50.

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. Minh Phu Seafood Group's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.83.

Minh Phu Seafood Group Days Inventory Historical Data

The historical data trend for Minh Phu Seafood 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.

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Minh Phu Seafood Group Days Inventory Chart

Minh Phu Seafood Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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90.20

84.45

117.49

127.00

188.84

Minh Phu Seafood Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															223.32	233.84	192.29	162.15	182.97

Competitive Comparison of Minh Phu Seafood Group's Days Inventory

For the Packaged Foods subindustry, Minh Phu Seafood 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.

Minh Phu Seafood Group's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Minh Phu Seafood Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Minh Phu Seafood Group's Days Inventory falls into.

Minh Phu Seafood Group Days Inventory Calculation

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

Minh Phu Seafood 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
=	( (5047262.358	+	4966740.595)	/	2 )	/	9677730.24	*	365
=	5007001.4765					/	9677730.24	*	365
=	188.84

Minh Phu Seafood Group's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4966740.595	+	5075619.48)	/	2 )	/	2504076.736	*	365 / 4
=	5021180.0375					/	2504076.736	*	365 / 4
=	182.97

Minh Phu Seafood Group (STC:MPC) 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.

Minh Phu Seafood Group's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2504076.736	/	5021180.0375
	=	0.50

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.

Minh Phu Seafood Group's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5021180.0375	/	2750568.887
	=	1.83

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.

Minh Phu Seafood Group Days Inventory Related Terms

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

Minh Phu Seafood Group (STC:MPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Minh Phu Seafood Group Corp (STC:MPC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MPC:Vietnam

Address

Industrial Zone, Ward 8, Ca Mau Province, Ca Mau, VNM

Website

http://www.minhphu.com

Minh Phu Seafood Group Corp is involved in the business of processing and exporting seafood. The company provides feeding shrimps, biological products, and commercial shrimps. The activity of the company is to process and trade in aquatic breeds and aquatic foods; and to trade in machinery and equipment for aquaculture. It operates in four business segments: aquaculture products breeding; aquatic products processing; aquatic products trading and Others.