MDALF (MDA Space) Days Inventory : 3.23 (As of Dec. 2024)

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What is MDA Space Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MDA Space's Average Total Inventories for the three months ended in Dec. 2024 was $6.6 Mil. MDA Space's Cost of Goods Sold for the three months ended in Dec. 2024 was $185.8 Mil. Hence, MDA Space's Days Inventory for the three months ended in Dec. 2024 was 3.23.

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

MDALF' s Days Inventory Range Over the Past 10 Years
Min: 4.11 Med: 6.24 Max: 8.56
Current: 4.43

During the past 5 years, MDA Space's highest Days Inventory was 8.56. The lowest was 4.11. And the median was 6.24.

MDALF's Days Inventory is ranked better than
98.28% of 291 companies
in the Aerospace & Defense industry
Industry Median: 139.69 vs MDALF: 4.43

MDA Space's Days Inventory declined from Dec. 2023 (6.36) to Dec. 2024 (3.23).

Inventory Turnover measures how fast the company turns over its inventory within a year. MDA Space's Inventory Turnover for the three months ended in Dec. 2024 was 28.28.

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. MDA Space's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.03.

MDA Space Days Inventory Historical Data

The historical data trend for MDA Space'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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MDA Space Days Inventory Chart

MDA Space Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

8.56

7.07

5.60

4.25

MDA Space Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial														6.36	6.06	5.30	4.45	3.23

Competitive Comparison of MDA Space's Days Inventory

For the Aerospace & Defense subindustry, MDA Space'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.

MDA Space's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, MDA Space's Days Inventory distribution charts can be found below:

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

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MDA Space Days Inventory Calculation

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

MDA Space's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (7.379	+	5.685)	/	2 )	/	560.399	*	365
=	6.532					/	560.399	*	365
=	4.25

MDA Space's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (7.456	+	5.685)	/	2 )	/	185.793	*	365 / 4
=	6.5705					/	185.793	*	365 / 4
=	3.23

MDA Space (OTCPK:MDALF) 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.

MDA Space's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	185.793	/	6.5705
	=	28.28

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.

MDA Space's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.5705	/	243.279
	=	0.03

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.

MDA Space Days Inventory Related Terms

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

MDA Space Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MDA:Canada

Address

7500 Financial Drive, Brampton, ON, CAN, L6Y 6K7

Website

https://www.mda.space

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, and space exploration and infrastructure. Geographically, it generates the majority of its revenue from Canada.