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Magic Empire Global (Magic Empire Global) Days Inventory : 0.00 (As of Dec. 2023)


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What is Magic Empire Global Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Magic Empire Global's Average Total Inventories for the six months ended in Dec. 2023 was $0.00 Mil. Magic Empire Global's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.00 Mil.

The historical rank and industry rank for Magic Empire Global's Days Inventory or its related term are showing as below:

MEGL's Days Inventory is not ranked *
in the Capital Markets industry.
Industry Median: 62.62
* Ranked among companies with meaningful Days Inventory only.

Magic Empire Global's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Magic Empire Global's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Magic Empire Global Days Inventory Historical Data

The historical data trend for Magic Empire Global'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.

Magic Empire Global Days Inventory Chart

Magic Empire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Inventory
- - - -

Magic Empire Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial - - - - -

Competitive Comparison of Magic Empire Global's Days Inventory

For the Capital Markets subindustry, Magic Empire Global'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.

Magic Empire Global's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Magic Empire Global's Days Inventory distribution charts can be found below:

* The bar in red indicates where Magic Empire Global's Days Inventory falls into.


Magic Empire Global Days Inventory Calculation

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

Magic Empire Global'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
=( (0 + 0) / 1 ) / 1.244*365
=0 / 1.244*365
=0.00

Magic Empire Global'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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 0*365 / 2
=0 / 0*365 / 2
=N/A

* 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.

Magic Empire Global  (NAS:MEGL) 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.

Magic Empire Global's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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

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.

Magic Empire Global's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0 / 0.987
=0.00

* 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.

Magic Empire Global Days Inventory Related Terms

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Magic Empire Global (Magic Empire Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magic Empire Global Ltd (NAS:MEGL) » Definitions » Days Inventory
Comparable Companies
TCJH BTCS ATIF MIGI COHN BETS SAI OLKR PHIL CRMZ MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688
Traded in Other Exchanges
N/A
Address
3/F, 8 Wyndham Street, Central, Hong Kong, HKG
Website
https://www.meglmagic.com
Magic Empire Global Ltd is a financial services provider in Hong Kong which principally engaged in the provision of corporate finance advisory services and underwriting services.