Millicom International Cellular (Millicom International Cellular) Days Inventory

: 12.84 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Millicom International Cellular's Average Total Inventories for the three months ended in Dec. 2023 was $55 Mil. Millicom International Cellular's Cost of Goods Sold for the three months ended in Dec. 2023 was $391 Mil. Hence, Millicom International Cellular's Days Inventory for the three months ended in Dec. 2023 was 12.84.

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

TIGO' s Days Inventory Range Over the Past 10 Years
Min: 10.8 Med: 14.66 Max: 29.09
Current: 14.54

During the past 13 years, Millicom International Cellular's highest Days Inventory was 29.09. The lowest was 10.80. And the median was 14.66.

TIGO's Days Inventory is ranked better than
62.08% of 298 companies
in the Telecommunication Services industry
Industry Median: 19.14 vs TIGO: 14.54

Millicom International Cellular's Days Inventory declined from Dec. 2022 (14.72) to Dec. 2023 (12.84).

Inventory Turnover measures how fast the company turns over its inventory within a year. Millicom International Cellular's Inventory Turnover for the three months ended in Dec. 2023 was 7.11.

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. Millicom International Cellular's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

Millicom International Cellular Days Inventory Historical Data

The historical data trend for Millicom International Cellular'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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Millicom International Cellular Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

10.80

11.88

15.25

14.06

11.87

Millicom International Cellular Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																14.72	14.88	16.45	16.80	12.84

Competitive Comparison

For the Telecom Services subindustry, Millicom International Cellular'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.

Millicom International Cellular Days Inventory Distribution

For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Days Inventory distribution charts can be found below:

* The bar in red indicates where Millicom International Cellular's Days Inventory falls into.

Millicom International Cellular Days Inventory Calculation

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

Millicom International Cellular'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
=	( (53	+	45)	/	2 )	/	1507	*	365
=	49					/	1507	*	365
=	11.87

Millicom International Cellular'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
=	( (65	+	45)	/	2 )	/	391	*	365 / 4
=	55					/	391	*	365 / 4
=	12.84

Millicom International Cellular (NAS:TIGO) 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.

Millicom International Cellular's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	391	/	55
	=	7.11

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.

Millicom International Cellular's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	55	/	1475
	=	0.04

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.

Millicom International Cellular Days Inventory Related Terms

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

Millicom International Cellular (Millicom International Cellular) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Millicom International Cellular SA (NAS:TIGO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TIGO SDB:Sweden TIGOs:UK 0GRK:UK M4M1:Germany M4M1:Germany M4M:Germany

Address

2, Rue du Fort Bourbon, Luxembourg, LUX, L-1249

Website

https://www.millicom.com

Millicom offers wireless and fixed-line telecom services primarily in smaller, less congested markets or in less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), Costa Rica (100%) and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's fixed-line networks reach nearly 13 million homes while its wireless networks cover about 120 million people. Increasingly, Millicom offers a converged package that may include fixed-line phone, broadband, and pay television in conjunction with wireless services. The firm plans to carve out its infrastructure assets and mobile financial services business in 2023.