MGIH (Millennium Group International Holdings) Days Inventory : 64.18 (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Millennium Group International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Millennium Group International Holdings's Average Total Inventories for the six months ended in Jun. 2024 was $4.43 Mil. Millennium Group International Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was $12.61 Mil. Hence, Millennium Group International Holdings's Days Inventory for the six months ended in Jun. 2024 was 64.18.

The historical rank and industry rank for Millennium Group International Holdings's Days Inventory or its related term are showing as below:

MGIH' s Days Inventory Range Over the Past 10 Years
Min: 56 Med: 73.13 Max: 76.82
Current: 58.06

During the past 4 years, Millennium Group International Holdings's highest Days Inventory was 76.82. The lowest was 56.00. And the median was 73.13.

MGIH's Days Inventory is ranked better than
69.03% of 381 companies
in the Packaging & Containers industry
Industry Median: 76.26 vs MGIH: 58.06

Millennium Group International Holdings's Days Inventory declined from Jun. 2023 (66.55) to Jun. 2024 (64.18).

Inventory Turnover measures how fast the company turns over its inventory within a year. Millennium Group International Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 2.84.

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. Millennium Group International Holdings's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.30.

Millennium Group International Holdings Days Inventory Historical Data

The historical data trend for Millennium Group International Holdings'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.

Millennium Group International Holdings Days Inventory Chart

Millennium Group International Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Days Inventory

74.96

71.29

76.82

56.00

Millennium Group International Holdings Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial			77.30	71.83	66.55	55.46	64.18

Competitive Comparison of Millennium Group International Holdings's Days Inventory

For the Packaging & Containers subindustry, Millennium Group International Holdings'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.

Millennium Group International Holdings's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Millennium Group International Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Millennium Group International Holdings's Days Inventory falls into.

Save Embed

;

Save Embed

;

Millennium Group International Holdings Days Inventory Calculation

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

Millennium Group International Holdings's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as

	Days Inventory (A: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (5.559	+	3.715)	/	2 )	/	30.226	*	365
=	4.637					/	30.226	*	365
=	56.00

Millennium Group International Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (5.15	+	3.715)	/	2 )	/	12.605	*	365 / 2
=	4.4325					/	12.605	*	365 / 2
=	64.18

Millennium Group International Holdings (NAS:MGIH) 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.

Millennium Group International Holdings's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.605	/	4.4325
	=	2.84

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.

Millennium Group International Holdings's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.4325	/	14.72
	=	0.30

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.

Millennium Group International Holdings Days Inventory Related Terms

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

Millennium Group International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Millennium Group International Holdings Ltd (NAS:MGIH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flat B-C, 1st Floor, Wang Kwong Industrial Buiding, 45 Hung To Road, Kwun Tong, Kowloon, Hong Kong, HKG, 999077

Website

https://www.millennium-gp.com

Millennium Group International Holdings Ltd is a paper-based packaging solutions supplier. It offers paper-based inner and outer packaging products which can be broadly categorized into packaging products, Packaging products supply chain management solutions and corrugated products.

Millennium Group International Holdings Headlines

From GuruFocus

Millennium Group International Holdings Wins Two 2023 MUSE Design Awards

By Marketwired • 09-20-2023

MGIH Surges Over 245% Amid Strong Market Performance

By GuruFocus News • 12-26-2024