MDS Tech (XKRX:086960) Days Inventory : 68.86 (As of Mar. 2024)

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What is MDS Tech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MDS Tech's Average Total Inventories for the three months ended in Mar. 2024 was ₩23,676 Mil. MDS Tech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩31,375 Mil. Hence, MDS Tech's Days Inventory for the three months ended in Mar. 2024 was 68.86.

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

XKRX:086960' s Days Inventory Range Over the Past 10 Years
Min: 17.01 Med: 52.11 Max: 81.69
Current: 71.51

During the past 13 years, MDS Tech's highest Days Inventory was 81.69. The lowest was 17.01. And the median was 52.11.

XKRX:086960's Days Inventory is ranked worse than
73.29% of 1561 companies
in the Software industry
Industry Median: 19.53 vs XKRX:086960: 71.51

MDS Tech's Days Inventory declined from Mar. 2023 (90.04) to Mar. 2024 (68.86).

Inventory Turnover measures how fast the company turns over its inventory within a year. MDS Tech's Inventory Turnover for the three months ended in Mar. 2024 was 1.33.

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. MDS Tech's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.56.

MDS Tech Days Inventory Historical Data

The historical data trend for MDS Tech'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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MDS Tech Days Inventory Chart

MDS Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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49.88

54.34

67.73

79.54

81.69

MDS Tech 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															90.04	85.33	73.18	59.21	68.86

Competitive Comparison of MDS Tech's Days Inventory

For the Software - Infrastructure subindustry, MDS Tech'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.

MDS Tech's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, MDS Tech's Days Inventory distribution charts can be found below:

* The bar in red indicates where MDS Tech's Days Inventory falls into.

MDS Tech Days Inventory Calculation

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

MDS Tech'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
=	( (26981.178	+	23990.086)	/	2 )	/	113867.822	*	365
=	25485.632					/	113867.822	*	365
=	81.69

MDS Tech'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
=	( (23990.086	+	23362.01)	/	2 )	/	31375.393	*	365 / 4
=	23676.048					/	31375.393	*	365 / 4
=	68.86

MDS Tech (XKRX:086960) 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.

MDS Tech's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31375.393	/	23676.048
	=	1.33

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.

MDS Tech's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23676.048	/	42400.816
	=	0.56

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.

MDS Tech Days Inventory Related Terms

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

MDS Tech (XKRX:086960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MDS Tech Inc (XKRX:086960) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

49 Daewangpangyo-ro 644beon-gil, 9th Floor, DTC Tower, Bundang-gu, Gyeonggi-do, Seongnam, KOR, 13493

Website

https://www.mdstech.co.kr

MDS Tech Inc is a South Korea-based company engaged in the provision of embedded software development and other solutions. It offers various solutions including SW Development Tools, Embedded Solutions, IoT and AI and Embedded Education and services.

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