Memex (MENXF) Days Inventory : 184.48 (As of Jun. 2023)

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What is Memex Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Memex's Average Total Inventories for the three months ended in Jun. 2023 was $0.14 Mil. Memex's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.07 Mil. Hence, Memex's Days Inventory for the three months ended in Jun. 2023 was 184.48.

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

MENXF' s Days Inventory Range Over the Past 10 Years
Min: 59.41 Med: 96.34 Max: 153.34
Current: 143.2

During the past 11 years, Memex's highest Days Inventory was 153.34. The lowest was 59.41. And the median was 96.34.

MENXF's Days Inventory is ranked worse than
85.5% of 1565 companies
in the Software industry
Industry Median: 19.61 vs MENXF: 143.20

Memex's Days Inventory increased from Jun. 2022 (103.62) to Jun. 2023 (184.48). It might indicate that Memex's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Memex's Inventory Turnover for the three months ended in Jun. 2023 was 0.49.

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. Memex's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.34.

Memex Days Inventory Historical Data

The historical data trend for Memex'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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Memex Days Inventory Chart

Memex Annual Data

Trend

Aug13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Days Inventory

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98.16

110.93

153.45

95.34

105.06

Memex Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial															103.62	121.03	155.51	122.95	184.48

Competitive Comparison of Memex's Days Inventory

For the Software - Application subindustry, Memex'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.

Memex's Days Inventory Distribution in the Software Industry

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

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

Memex Days Inventory Calculation

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

Memex's Days Inventory for the fiscal year that ended in Sep. 2022 is calculated as

	Days Inventory (A: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2021 )	+	Total Inventories (A: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2022 )	*	Days in Period
=	( (0.112	+	0.12)	/	2 )	/	0.403	*	365
=	0.116					/	0.403	*	365
=	105.06

Memex's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.134	+	0.145)	/	2 )	/	0.069	*	365 / 4
=	0.1395					/	0.069	*	365 / 4
=	184.48

Memex (OTCPK:MENXF) 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.

Memex's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.069	/	0.1395
	=	0.49

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.

Memex's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.1395	/	0.408
	=	0.34

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.

Memex Days Inventory Related Terms

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

Memex (MENXF) Business Description

Industry

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OEE:Canada

Address

880 Laurentian Drive, Unit 2, Burlington, ON, CAN, L7N 3V6

Website

https://www.memex.ca

Memex Inc is a technology-based company. It develops, commercializes, and manufactures a suite of products for its customers in the discrete manufacturing and aerospace sectors worldwide. It's flagship product MERLIN is a software-driven IIoT communications platform that provides manufacturing analytics in real-time. MERLIN connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines. The company derives a majority of its revenue from Software licensing. Geographically, it generates maximum revenue from the United States and also has a presence in Mexico and Other Countries.