Days Inventory is also known as Days Sales of Inventory (DSI). Meta Materials's Average Total Inventories for the
three
months ended in Mar. 2024 was $0.15 Mil. Meta Materials's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $0.73 Mil.
Hence, Meta Materials's Days Inventory for the
three
months ended in Mar. 2024 was 18.24.
The historical rank and industry rank for Meta Materials's Days Inventory or its related term are showing as below:
MMATQ's Days Inventory is not ranked *
in the Hardware industry.
Industry Median: 94.29 * Ranked among companies with meaningful Days Inventory only.
Meta Materials's Days Inventory
declined
from Mar. 2023 (57.14) to Mar. 2024 (18.24).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Meta Materials's Inventory Turnover for the
three
months ended in Mar. 2024 was 5.00.
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.
Meta Materials's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.04.
Meta Materials (OTCPK:MMATQ) 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.
Meta Materials'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.
Meta Materials'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.
Meta Materials Days Inventory Related Terms
Meta Materials Days Inventory Historical Data
* Premium members only.
The historical data trend for Meta Materials'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.
For the Electronic Components subindustry, Meta Materials'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.
Meta Materials Days Inventory vs Hardware Industry
For the Hardware industry and Technology sector, Meta Materials's Days Inventory distribution charts can be found below:
* The bar in red indicates where Meta Materials's Days Inventory falls into.
* 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.
Meta Materials (MMATQ) has a Days Inventory of 18.24 as of Mar. 2024. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Meta Materials and its competitors.
Is Meta Materials' Days Inventory too high?
Meta Materials' current Days Inventory is 18.24. The Hardware industry median Days Inventory is 94.29. Meta Materials' value of 18.24 is 80.7% below this industry median. Overall, Meta Materials has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Meta Materials' Days Inventory compare to APH and TEL?
Meta Materials' Days Inventory of 18.24 can be compared against companies in the Hardware industry. The industry median Days Inventory is 94.29. Meta Materials' value of 18.24 is 80.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Hardware company?
The median Days Inventory among Hardware companies is 94.29, based on 2,415 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Meta Materials's current Days Inventory of 18.24 is 80.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Meta Materials and its competitors. For the Hardware industry, the median Days Inventory is 94.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meta Materials's current Days Inventory is 18.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Materials stock overvalued right now?
Meta Materials (MMATQ) has a current Days Inventory of 18.24. The current Days Inventory is 18.24 and 80.7% below the Hardware industry median of 94.29. Meta Materials' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Meta Materials (MMATQ), the current Days Inventory is 18.24 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Meta Materials Inc delivers previously unachievable performance across a range of applications by inventing, designing, developing, and manufacturing sustainable, functional materials. Its extensive technology platform enables brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
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