Days Inventory is also known as Days Sales of Inventory (DSI). Mynaric AG's Average Total Inventories for the
six
months ended in Dec. 2023 was $22.09 Mil. Mynaric AG's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $14.62 Mil.
Hence, Mynaric AG's Days Inventory for the
six
months ended in Dec. 2023 was 275.67.
The historical rank and industry rank for Mynaric AG's Days Inventory or its related term are showing as below:
MYNAY's Days Inventory is not ranked *
in the Hardware industry.
Industry Median: 94.265 * Ranked among companies with meaningful Days Inventory only.
Mynaric AG's Days Inventory
declined
from Dec. 2022 (291.46) to Dec. 2023 (275.67).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Mynaric AG's Inventory Turnover for the
six
months ended in Dec. 2023 was 0.66.
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.
Mynaric AG's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 21.06.
Mynaric AG (OTCPK:MYNAY) 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.
Mynaric AG's Inventory Turnover for the
six
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.
Mynaric AG's Inventory to Revenue for the
six
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.
Mynaric AG Days Inventory Related Terms
Mynaric AG Days Inventory Historical Data
* Premium members only.
The historical data trend for Mynaric AG'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.
MYNAY vs CSCO, MSI, HPE: Days Inventory Comparison
For the Communication Equipment subindustry, Mynaric AG'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.
Mynaric AG Days Inventory vs Hardware Industry
For the Hardware industry and Technology sector, Mynaric AG's Days Inventory distribution charts can be found below:
* The bar in red indicates where Mynaric AG'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.
Mynaric AG (MYNAY) has a Days Inventory of 275.67 as of Dec. 2023. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Mynaric AG and its competitors.
Is Mynaric AG's Days Inventory too high?
Mynaric AG's current Days Inventory is 275.67. The Hardware industry median Days Inventory is 94.27. Mynaric AG's value of 275.67 is 192.4% above this industry median. Overall, Mynaric AG has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Mynaric AG's Days Inventory compare to CSCO and MSI?
Mynaric AG's Days Inventory of 275.67 can be compared against companies in the Hardware industry. The industry median Days Inventory is 94.27. Mynaric AG's value of 275.67 is 192.4% above 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 94.27, based on 2,420 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. Mynaric AG's current Days Inventory of 275.67 is 192.4% above 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 Mynaric AG and its competitors. For the Hardware industry, the median Days Inventory is 94.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mynaric AG's current Days Inventory is 275.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mynaric AG stock overvalued right now?
Mynaric AG (MYNAY) has a current Days Inventory of 275.67. The current Days Inventory is 275.67 and 192.4% above the Hardware industry median of 94.27. Mynaric AG's overall GF Score™ is 10/100. 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 Mynaric AG (MYNAY), the current Days Inventory is 275.67 as of Dec. 2023. 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.
Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminals. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eyes, satellite constellations, earth observation satellites, and others. Geographically, its key revenue is derived from the United States.
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