ME Group International (CHIX:MEGPL) Days Inventory : 63.68 (As of Oct. 2023)

ME Group International Days Inventory Chart

ME Group International Annual Data
	Trend	Apr13	Apr14	Apr15	Apr16	Apr17	Apr18	Apr19	Oct21	Oct22	Oct23
Days Inventory		Get a 7-Day Free Trial					45.95	50.15	55.96	44.96	54.27

ME Group International Semi-Annual Data
	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Days Inventory	Get a 7-Day Free Trial															51.99	42.83	46.47	53.75	63.68

Competitive Comparison of ME Group International's Days Inventory

For the Business Equipment & Supplies subindustry, ME Group International'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.

ME Group International's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ME Group International's Days Inventory distribution charts can be found below:

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

ME Group International Days Inventory Calculation

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

ME Group International's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

ME Group International's Days Inventory for the quarter that ended in Oct. 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.

ME Group International  (CHIX:MEGPl) 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.

ME Group International's Inventory Turnover for the six months ended in Oct. 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.

ME Group International's Inventory to Revenue for the six months ended in Oct. 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.

ME Group International Days Inventory Related Terms

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

ME Group International (CHIX:MEGPL) Business Description