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Mongolia Energy (Mongolia Energy) Days Inventory : 58.95 (As of Sep. 2023)


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What is Mongolia Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mongolia Energy's Average Total Inventories for the six months ended in Sep. 2023 was $40.4 Mil. Mongolia Energy's Cost of Goods Sold for the six months ended in Sep. 2023 was $125.0 Mil. Hence, Mongolia Energy's Days Inventory for the six months ended in Sep. 2023 was 58.95.

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

MOAEY' s Days Inventory Range Over the Past 10 Years
Min: 46.76   Med: 94.02   Max: 223.55
Current: 64.81

During the past 13 years, Mongolia Energy's highest Days Inventory was 223.55. The lowest was 46.76. And the median was 94.02.

MOAEY's Days Inventory is ranked better than
65.74% of 575 companies
in the Steel industry
Industry Median: 85.74 vs MOAEY: 64.81

Mongolia Energy's Days Inventory increased from Sep. 2022 (47.20) to Sep. 2023 (58.95). It might indicate that Mongolia Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mongolia Energy's Inventory Turnover for the six months ended in Sep. 2023 was 3.10.

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. Mongolia Energy's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.20.


Mongolia Energy Days Inventory Historical Data

The historical data trend for Mongolia Energy'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.

Mongolia Energy Days Inventory Chart

Mongolia Energy Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.66 104.90 149.34 92.16 57.46

Mongolia Energy Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 79.35 105.61 47.20 72.04 58.95

Competitive Comparison of Mongolia Energy's Days Inventory

For the Coking Coal subindustry, Mongolia Energy'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.


Mongolia Energy's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mongolia Energy's Days Inventory distribution charts can be found below:

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



Mongolia Energy Days Inventory Calculation

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

Mongolia Energy's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (34.364 + 38.654) / 2 ) / 231.912*365
=36.509 / 231.912*365
=57.46

Mongolia Energy's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (38.654 + 42.103) / 2 ) / 124.996*365 / 2
=40.3785 / 124.996*365 / 2
=58.95

* 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.


Mongolia Energy  (OTCPK:MOAEY) 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.

Mongolia Energy's Inventory Turnover for the six months ended in Sep. 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.

Mongolia Energy's Inventory to Revenue for the six months ended in Sep. 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.


Mongolia Energy Days Inventory Related Terms

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


Mongolia Energy (Mongolia Energy) Business Description

Traded in Other Exchanges
Address
118 Connaught Road West, 17th Floor, Hong Kong, HKG
Mongolia Energy Corp Ltd is an investment holding company. The company's principal business is coal mining and exploration which is operated by its indirect wholly-owned subsidiary in Mongolia. Its principal project is the Khushuut Coking Coal Project in Western Mongolia, it also has interest in the Gobi Altay and Olon Bulag project. The Khushuut Coal Mine is located approximately 1,350 km west of Ulaanbaatar in the Khovd Province of Western Mongolia. It is about 311 km from the Xinjiang Takeshiken border, connecting the Khushuut Road. The group is principally engaged in mining, processing and sale of coal in the PRC and Mongolia. Mongolia Energy derives all of its revenue from Coal mining. Geographically company derives a majority of its revenue from PRC.

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