GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Moving iMage Technologies Inc (AMEX:MITQ) » Definitions » Days Inventory

Moving iMage Technologies (Moving iMage Technologies) Days Inventory : 167.70 (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Moving iMage Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Moving iMage Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $4.61 Mil. Moving iMage Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.51 Mil. Hence, Moving iMage Technologies's Days Inventory for the three months ended in Dec. 2023 was 167.70.

The historical rank and industry rank for Moving iMage Technologies's Days Inventory or its related term are showing as below:

MITQ' s Days Inventory Range Over the Past 10 Years
Min: 40.11   Med: 61.42   Max: 117.62
Current: 117.62

During the past 6 years, Moving iMage Technologies's highest Days Inventory was 117.62. The lowest was 40.11. And the median was 61.42.

MITQ's Days Inventory is ranked worse than
56.21% of 2407 companies
in the Hardware industry
Industry Median: 103.77 vs MITQ: 117.62

Moving iMage Technologies's Days Inventory increased from Dec. 2022 (124.65) to Dec. 2023 (167.70). It might indicate that Moving iMage Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Moving iMage Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 0.54.

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. Moving iMage Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.41.


Moving iMage Technologies Days Inventory Historical Data

The historical data trend for Moving iMage Technologies'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.

Moving iMage Technologies Days Inventory Chart

Moving iMage Technologies Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Inventory
Get a 7-Day Free Trial 45.49 49.70 102.71 73.14 103.54

Moving iMage Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 124.65 161.66 96.54 86.88 167.70

Competitive Comparison of Moving iMage Technologies's Days Inventory

For the Communication Equipment subindustry, Moving iMage Technologies'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.


Moving iMage Technologies's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Moving iMage Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Moving iMage Technologies's Days Inventory falls into.



Moving iMage Technologies Days Inventory Calculation

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

Moving iMage Technologies's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Days Inventory (A: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (4.033 + 4.419) / 2 ) / 14.897*365
=4.226 / 14.897*365
=103.54

Moving iMage Technologies'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (4.752 + 4.459) / 2 ) / 2.506*365 / 4
=4.6055 / 2.506*365 / 4
=167.70

* 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.


Moving iMage Technologies  (AMEX:MITQ) 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.

Moving iMage Technologies's Inventory Turnover for the three months ended in Dec. 2023 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.

Moving iMage Technologies's Inventory to Revenue for the three months 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.


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.


Moving iMage Technologies Days Inventory Related Terms

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


Moving iMage Technologies (Moving iMage Technologies) Business Description

Traded in Other Exchanges
N/A
Address
17760 Newhope Street, Fountain Valley, CA, USA, 92708
Moving iMage Technologies Inc is engaged in providing designed equipment as well as other off the shelf cinema products needed for contemporary cinema requirements. It offers technical, design and consulting services such as custom engineering, systems design, integration and installation, and digital technology, as well as software solutions for operations enhancement and theatre management.
Executives
William F Greene officer: Interim CFO 12220 EL CAMINO REAL #410, CARLSBAD CA 92130
Philip L. Rafnson director, 10 percent owner, officer: CEO, Pres. 17760 NEWHOPE STREET, IRVINE CA 92708
Bevan Wright officer: EVP Operations 17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
John Stiska director
Katherine D Crothall director 2425 S. BLUE CRANE DRIVE, JACKSON WY 83001
Jose Delgado officer: EVP Sales & Marketing 11760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Michael R. Sherman officer: CFO 17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Scott Lloyd Anderson director 17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92075
Sound Management Investors, Llc 10 percent owner 11109 XYLON AVENUE S, BLOOMINGTON MN 55438