Days Inventory is also known as Days Sales of Inventory (DSI). Mycronic AB's Average Total Inventories for the
three
months ended in Mar. 2024 was kr1,684 Mil. Mycronic AB's Cost of Goods Sold for the
three
months ended in Mar. 2024 was kr718 Mil.
Hence, Mycronic AB's Days Inventory for the
three
months ended in Mar. 2024 was 213.95.
The historical rank and industry rank for Mycronic AB's Days Inventory or its related term are showing as below:
OSTO:MYCR'
s Days Inventory Range Over the Past 10 Years
Min: 125.55 Med: 175.52 Max: 231.92
Current: 206.5
During the past 13 years, Mycronic AB's highest Days Inventory was 231.92. The lowest was 125.55. And the median was 175.52.
OSTO:MYCR's Days Inventory is ranked worse than 77.39% of 2902
companies
in the Industrial Products industry
Industry Median: 119.93
vs OSTO:MYCR: 206.50
Mycronic AB's Days Inventory
increased
from Mar. 2023 (207.95) to Mar. 2024 (213.95).
It might indicate that Mycronic AB's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Mycronic AB's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.43.
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.
Mycronic AB's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.99.
Mycronic AB Days Inventory Historical Data
The historical data trend for Mycronic AB'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.
Competitive Comparison of Mycronic AB's Days Inventory
For the Specialty Industrial Machinery subindustry, Mycronic AB'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.
Mycronic AB's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mycronic AB's Days Inventory distribution charts can be found below:
* The bar in red indicates where Mycronic AB's Days Inventory falls into.
Mycronic AB Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Mycronic AB's Days Inventory for the fiscal year that 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.
Mycronic AB (OSTO:MYCR) 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.
Mycronic AB'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.
Mycronic AB'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.
Mycronic AB Days Inventory Related Terms
Thank you for viewing the detailed overview of Mycronic AB's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Mycronic AB develops solutions for advanced electronics production. It operates in four segments: Pattern Generators, which develops, manufactures, and markets mask writers and measuring machines for the production of advanced photomasks for displays; The High Flex division develops, manufactures, and markets surface mount technology (SMT) and inspection equipment, focusing on markets for flexible manufacture, primarily in Europe and the USA; The High Volume division develops, manufactures and markets equipment for dispensing and conformal coating of circuit boards, with a focus on high-volume markets in Asia. The Global Technologies division's offering includes advanced production solutions with high levels of differentiation.
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