MI Technovation Bhd (XKLS:5286) Days Inventory : 0.00 (As of Sep. 2023)

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What is MI Technovation Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MI Technovation Bhd's Average Total Inventories for the three months ended in Sep. 2023 was RM131.8 Mil. MI Technovation Bhd's Cost of Goods Sold for the three months ended in Sep. 2023 was RM0.0 Mil.

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

During the past 8 years, MI Technovation Bhd's highest Days Inventory was 249.09. The lowest was 96.16. And the median was 177.83.

XKLS:5286's Days Inventory is not ranked ^*
in the Semiconductors industry.
Industry Median: 131.06
* Ranked among companies with meaningful Days Inventory only.

MI Technovation Bhd's Days Inventory stayed the same from Sep. 2022 (0.00) to Sep. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. MI Technovation Bhd's Inventory Turnover for the three months ended in Sep. 2023 was 0.00.

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. MI Technovation Bhd's Inventory-to-Revenue for the three months ended in Sep. 2023 was 1.34.

MI Technovation Bhd Days Inventory Historical Data

The historical data trend for MI Technovation Bhd'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.

MI Technovation Bhd Days Inventory Chart

MI Technovation Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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168.89

170.99

209.39

184.67

249.09

MI Technovation Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of MI Technovation Bhd's Days Inventory

For the Semiconductor Equipment & Materials subindustry, MI Technovation Bhd'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.

MI Technovation Bhd's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, MI Technovation Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where MI Technovation Bhd's Days Inventory falls into.

MI Technovation Bhd Days Inventory Calculation

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

MI Technovation Bhd's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (110.413	+	142.986)	/	2 )	/	185.655	*	365
=	126.6995					/	185.655	*	365
=	249.09

MI Technovation Bhd'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (134.4	+	129.172)	/	2 )	/	0	*	365 / 4
=	131.786					/	0	*	365 / 4
=	N/A

MI Technovation Bhd (XKLS:5286) 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.

MI Technovation Bhd's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	131.786
	=	0.00

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.

MI Technovation Bhd's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	131.786	/	98.448
	=	1.34

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.

MI Technovation Bhd Days Inventory Related Terms

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

MI Technovation Bhd (XKLS:5286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » MI Technovation Bhd (XKLS:5286) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 20, Medan Bayan Lepas Technoplex, MK 12, Taman Perindustrian Bayan Lepas, Bayan Lepas, PNG, MYS, 11900

Website

https://www.mi-eq.com

MI Technovation Bhd is an investment holding company. The group is involved in design, development, manufacture, and sale of wafer level chip scale packaging sorting machines with inspection and testing capabilities for the semiconductor industry. Its reportable segments are as follows: 1) Semiconductor equipment business unit is Involved in the manufacturing and sales of the semiconductor manufacturing equipment, paired with smart factory automation solutions for Industrial 4.0, together with the provision of maintenance services and technical support for these machines, as well as the sale of related spare parts and components. 2) Semiconductor material business unit is involved in the manufacturing and sales of solder spheres. 3) Others includes investment holding and other activities.

MI Technovation Bhd (XKLS:5286) Headlines

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