Days Inventory is also known as Days Sales of Inventory (DSI). X2M Connect's Average Total Inventories for the
six
months ended in Jun. 2024 was A$0.18 Mil. X2M Connect's Cost of Goods Sold for the
six
months ended in Jun. 2024 was A$3.76 Mil.
Hence, X2M Connect's Days Inventory for the
six
months ended in Jun. 2024 was 8.57.
The historical rank and industry rank for X2M Connect's Days Inventory or its related term are showing as below:
ASX:X2M'
s Days Inventory Range Over the Past 10 Years
Min: 5.34 Med: 6.1 Max: 8.35
Current: 8.35
During the past 3 years, X2M Connect's highest Days Inventory was 8.35. The lowest was 5.34. And the median was 6.10.
ASX:X2M's Days Inventory is ranked better than 98.16% of 2394
companies
in the Hardware industry
Industry Median: 99.695
vs ASX:X2M: 8.35
X2M Connect's Days Inventory
declined
from Jun. 2023 (13.61) to Jun. 2024 (8.57).
Inventory Turnover measures how fast the company turns over its inventory within a year.
X2M Connect's Inventory Turnover for the
six
months ended in Jun. 2024 was 21.29.
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.
X2M Connect's Inventory-to-Revenue for the
six
months ended in Jun. 2024 was 0.03.
X2M Connect Days Inventory Historical Data
The historical data trend for X2M Connect'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.
Competitive Comparison of X2M Connect's Days Inventory
For the Scientific & Technical Instruments subindustry, X2M Connect'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.
X2M Connect's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, X2M Connect's Days Inventory distribution charts can be found below:
* The bar in red indicates where X2M Connect's Days Inventory falls into.
X2M Connect Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
X2M Connect's Days Inventory for the fiscal year that ended in Jun. 2024 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.
X2M Connect (ASX:X2M) 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.
X2M Connect's Inventory Turnover for the
six
months ended in Jun. 2024 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.
X2M Connect's Inventory to Revenue for the
six
months ended in Jun. 2024 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.
X2M Connect Days Inventory Related Terms
Thank you for viewing the detailed overview of X2M Connect's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.
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