MTEK (Maris Tech) Days Inventory : 237.15 (As of Jun. 2024)

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What is Maris Tech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Maris Tech's Average Total Inventories for the six months ended in Jun. 2024 was $1.92 Mil. Maris Tech's Cost of Goods Sold for the six months ended in Jun. 2024 was $1.48 Mil. Hence, Maris Tech's Days Inventory for the six months ended in Jun. 2024 was 237.15.

The historical rank and industry rank for Maris Tech's Days Inventory or its related term are showing as below:

MTEK' s Days Inventory Range Over the Past 10 Years
Min: 105.84 Med: 220.38 Max: 257.39
Current: 216.47

During the past 5 years, Maris Tech's highest Days Inventory was 257.39. The lowest was 105.84. And the median was 220.38.

MTEK's Days Inventory is ranked worse than
83.63% of 2394 companies
in the Hardware industry
Industry Median: 99.695 vs MTEK: 216.47

Maris Tech's Days Inventory declined from Jun. 2023 (335.01) to Jun. 2024 (237.15).

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. Maris Tech's Inventory Turnover for the six months ended in Jun. 2024 was 0.77.

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. Maris Tech's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.56.

Maris Tech Days Inventory Historical Data

The historical data trend for Maris Tech'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.

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Maris Tech Days Inventory Chart

Maris Tech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

257.39

220.38

105.84

145.51

255.19

Maris Tech Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial					129.52	129.08	335.01	209.27	237.15

Competitive Comparison of Maris Tech's Days Inventory

For the Electronic Components subindustry, Maris Tech'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.

Maris Tech's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Maris Tech's Days Inventory distribution charts can be found below:

* The bar in red indicates where Maris Tech's Days Inventory falls into.

Maris Tech Days Inventory Calculation

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

Maris Tech'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: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.982	+	1.96)	/	2 )	/	2.104	*	365
=	1.471					/	2.104	*	365
=	255.19

Maris Tech'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
=	( (1.96	+	1.876)	/	2 )	/	1.476	*	365 / 2
=	1.918					/	1.476	*	365 / 2
=	237.15

Maris Tech (NAS:MTEK) 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.

Maris Tech's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.476	/	1.918
	=	0.77

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.

Maris Tech's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.918	/	3.41
	=	0.56

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.

Maris Tech Days Inventory Related Terms

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

Maris Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maris Tech Ltd (NAS:MTEK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Yitzhak Modai Street, Rehovot, ISR, 7608804

Website

https://www.maris-tech.com

Maris Tech Ltd is a provider of remote video, audio, telemetry acquisition, distribution, and sharing solutions and products, using high-end digital video, audio, and wireless communication technologies. It designs, develops, manufactures and commercially sells miniature intelligent video and audio surveillance and communication systems, which are offered as products and solutions for the professional as well as the civilian and home security markets.