Days Inventory is also known as Days Sales of Inventory (DSI). MGO Global's Average Total Inventories for the
three
months ended in Mar. 2024 was $0.70 Mil. MGO Global's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $0.17 Mil.
Hence, MGO Global's Days Inventory for the
three
months ended in Mar. 2024 was 382.21.
The historical rank and industry rank for MGO Global's Days Inventory or its related term are showing as below:
MGOL'
s Days Inventory Range Over the Past 10 Years
Min: 59.96 Med: 97.96 Max: 188.69
Current: 86.63
During the past 4 years, MGO Global's highest Days Inventory was 188.69. The lowest was 59.96. And the median was 97.96.
MGOL's Days Inventory is ranked worse than 73.24% of 654
companies
in the Media - Diversified industry
Industry Median: 26.215
vs MGOL: 86.63
MGO Global's Days Inventory
increased
from Mar. 2023 (324.74) to Mar. 2024 (382.21).
It might indicate that MGO Global's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
MGO Global's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.24.
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.
MGO Global's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 1.04.
MGO Global Days Inventory Historical Data
The historical data trend for MGO 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.
Competitive Comparison of MGO Global's Days Inventory
For the Advertising Agencies subindustry, MGO 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.
MGO Global's Days Inventory Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, MGO Global's Days Inventory distribution charts can be found below:
* The bar in red indicates where MGO Global's Days Inventory falls into.
MGO Global Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MGO Global's Days Inventory for the fiscal year that ended in Dec. 2023 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.
MGO Global (NAS:MGOL) 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.
MGO Global's Inventory Turnover for the
three
months ended in Mar. 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.
MGO Global's Inventory to Revenue for the
three
months ended in Mar. 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.
MGO Global Days Inventory Related Terms
Thank you for viewing the detailed overview of MGO Global's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
MGO Global Inc provides branding and marketing services to help clients build positive perceptions about their businesses. The company has one reportable segment which sells a range of products under the soccer legend Lionel (Leo) Messi brand Messi Brand.
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