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Menif Financial Services (XTAE:MNIF) Days Inventory : 22.38 (As of Dec. 2023)


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What is Menif Financial Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Menif Financial Services's Average Total Inventories for the three months ended in Dec. 2023 was ₪12.0 Mil. Menif Financial Services's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪49.1 Mil. Hence, Menif Financial Services's Days Inventory for the three months ended in Dec. 2023 was 22.38.

The historical rank and industry rank for Menif Financial Services's Days Inventory or its related term are showing as below:

XTAE:MNIF' s Days Inventory Range Over the Past 10 Years
Min: 28.79   Med: 176.33   Max: 505.86
Current: 28.79

During the past 7 years, Menif Financial Services's highest Days Inventory was 505.86. The lowest was 28.79. And the median was 176.33.

XTAE:MNIF's Days Inventory is ranked better than
54.37% of 103 companies
in the Credit Services industry
Industry Median: 41.91 vs XTAE:MNIF: 28.79

Menif Financial Services's Days Inventory declined from Dec. 2022 (35.53) to Dec. 2023 (22.38).

Inventory Turnover measures how fast the company turns over its inventory within a year. Menif Financial Services's Inventory Turnover for the three months ended in Dec. 2023 was 4.08.

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. Menif Financial Services's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.13.


Menif Financial Services Days Inventory Historical Data

The historical data trend for Menif Financial Services'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.

Menif Financial Services Days Inventory Chart

Menif Financial Services Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 351.02 230.17 122.49 71.88 29.02

Menif Financial Services Quarterly Data
Dec18 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.53 37.75 30.30 28.63 22.38

Competitive Comparison of Menif Financial Services's Days Inventory

For the Credit Services subindustry, Menif Financial Services'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.


Menif Financial Services's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Menif Financial Services's Days Inventory distribution charts can be found below:

* The bar in red indicates where Menif Financial Services's Days Inventory falls into.



Menif Financial Services Days Inventory Calculation

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

Menif Financial Services'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
=( (11.88 + 12.206) / 2 ) / 151.467*365
=12.043 / 151.467*365
=29.02

Menif Financial Services'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (11.88 + 12.206) / 2 ) / 49.11*365 / 4
=12.043 / 49.11*365 / 4
=22.38

* 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.


Menif Financial Services  (XTAE:MNIF) 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.

Menif Financial Services'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.

Menif Financial Services'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.


Menif Financial Services Days Inventory Related Terms

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


Menif Financial Services (XTAE:MNIF) Business Description

Traded in Other Exchanges
N/A
Address
Jabotinsky 35, Ramat Gan, ISR, 52511
Menif Financial Services Ltd is engaged in providing mezzanine financing for equity to promoters and contractors in the construction industry. It offers financing for reinforcement and construction projects, small construction evacuation projects, and large-scale construction evacuation projects.

Menif Financial Services (XTAE:MNIF) Headlines

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