Mustek (JSE:MST) Days Inventory : 129.26 (As of Dec. 2023)

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What is Mustek Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mustek's Average Total Inventories for the six months ended in Dec. 2023 was R2,618 Mil. Mustek's Cost of Goods Sold for the six months ended in Dec. 2023 was R3,696 Mil. Hence, Mustek's Days Inventory for the six months ended in Dec. 2023 was 129.26.

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

JSE:MST' s Days Inventory Range Over the Past 10 Years
Min: 81.77 Med: 94.92 Max: 110.38
Current: 108.68

During the past 13 years, Mustek's highest Days Inventory was 110.38. The lowest was 81.77. And the median was 94.92.

JSE:MST's Days Inventory is ranked worse than
52.35% of 2405 companies
in the Hardware industry
Industry Median: 103.88 vs JSE:MST: 108.68

Mustek's Days Inventory increased from Dec. 2022 (98.69) to Dec. 2023 (129.26). It might indicate that Mustek's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mustek's Inventory Turnover for the six months ended in Dec. 2023 was 1.41.

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. Mustek's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.61.

Mustek Days Inventory Historical Data

The historical data trend for Mustek'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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Mustek Days Inventory Chart

Mustek Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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92.43

99.86

81.77

93.67

110.38

Mustek Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															94.21	102.05	98.69	98.88	129.26

Competitive Comparison of Mustek's Days Inventory

For the Computer Hardware subindustry, Mustek'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.

Mustek's Days Inventory Distribution in the Hardware Industry

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

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

Mustek Days Inventory Calculation

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

Mustek's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (2480.187	+	2790.335)	/	2 )	/	8713.918	*	365
=	2635.261					/	8713.918	*	365
=	110.38

Mustek'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2790.335	+	2445.754)	/	2 )	/	3696.337	*	365 / 2
=	2618.0445					/	3696.337	*	365 / 2
=	129.26

Mustek (JSE:MST) 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.

Mustek's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3696.337	/	2618.0445
	=	1.41

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.

Mustek's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2618.0445	/	4266.612
	=	0.61

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.

Mustek Days Inventory Related Terms

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

Mustek (JSE:MST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mustek Ltd (JSE:MST) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

322 15th Road, Randjespark, Midrand, GT, ZAF, 1685

Website

https://www.mustek.co.za

Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segment includes Mustek; Rectron; MIE and Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes training provider of accredited training programmes and the group includes investments in associates and other investments and loans. Geographically, operates through the region of South Africa. It derives substantial part of its revenue from the Mustek segment.