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Mag Mile Capital (Mag Mile Capital) Days Inventory : 0.00 (As of Mar. 2024)


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What is Mag Mile Capital Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mag Mile Capital's Average Total Inventories for the three months ended in Mar. 2024 was $0.00 Mil. Mag Mile Capital's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.33 Mil. Hence, Mag Mile Capital's Days Inventory for the three months ended in Mar. 2024 was 0.00.

The historical rank and industry rank for Mag Mile Capital's Days Inventory or its related term are showing as below:

MMCP's Days Inventory is not ranked *
in the Banks industry.
Industry Median: 20.295
* Ranked among companies with meaningful Days Inventory only.

Mag Mile Capital's Days Inventory stayed the same from Jan. 2023 (0.00) to Mar. 2024 (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. Mag Mile Capital's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.


Mag Mile Capital Days Inventory Historical Data

The historical data trend for Mag Mile Capital'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.

Mag Mile Capital Days Inventory Chart

Mag Mile Capital Annual Data
Trend Jul21 Jul22 Dec23
Days Inventory
- - -

Mag Mile Capital Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Mag Mile Capital's Days Inventory

For the Mortgage Finance subindustry, Mag Mile Capital'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.


Mag Mile Capital's Days Inventory Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mag Mile Capital's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mag Mile Capital's Days Inventory falls into.



Mag Mile Capital Days Inventory Calculation

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

Mag Mile Capital'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: Jul. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 1.481*365
=0 / 1.481*365
=0.00

Mag Mile Capital's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 0.333*365 / 4
=0 / 0.333*365 / 4
=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.


Mag Mile Capital  (OTCPK:MMCP) 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.

Mag Mile Capital'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.

Mag Mile Capital'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.


Mag Mile Capital Days Inventory Related Terms

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


Mag Mile Capital (Mag Mile Capital) Business Description

Traded in Other Exchanges
N/A
Address
7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046
Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines