MPI (ROCO:6223) Days Inventory : 241.31 (As of Sep. 2024)

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What is MPI Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MPI's Average Total Inventories for the three months ended in Sep. 2024 was NT$3,126 Mil. MPI's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$1,182 Mil. Hence, MPI's Days Inventory for the three months ended in Sep. 2024 was 241.31.

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

ROCO:6223' s Days Inventory Range Over the Past 10 Years
Min: 236.16 Med: 260.93 Max: 287.08
Current: 239.45

During the past 13 years, MPI's highest Days Inventory was 287.08. The lowest was 236.16. And the median was 260.93.

ROCO:6223's Days Inventory is ranked worse than
81.18% of 951 companies
in the Semiconductors industry
Industry Median: 123.42 vs ROCO:6223: 239.45

MPI's Days Inventory increased from Sep. 2023 (227.54) to Sep. 2024 (241.31). It might indicate that MPI's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. MPI's Inventory Turnover for the three months ended in Sep. 2024 was 0.38.

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. MPI's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.15.

MPI Days Inventory Historical Data

The historical data trend for MPI'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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MPI Days Inventory Chart

MPI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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267.09

258.07

244.44

242.48

236.16

MPI Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															227.54	219.82	247.63	243.89	241.31

Competitive Comparison of MPI's Days Inventory

For the Semiconductor Equipment & Materials subindustry, MPI'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.

MPI's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, MPI's Days Inventory distribution charts can be found below:

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

MPI Days Inventory Calculation

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

MPI'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
=	( (2747.399	+	2752.384)	/	2 )	/	4250.049	*	365
=	2749.8915					/	4250.049	*	365
=	236.16

MPI's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3054.391	+	3197.583)	/	2 )	/	1182.077	*	365 / 4
=	3125.987					/	1182.077	*	365 / 4
=	241.31

MPI (ROCO:6223) 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.

MPI's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1182.077	/	3125.987
	=	0.38

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.

MPI's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3125.987	/	2729.35
	=	1.15

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.

MPI Days Inventory Related Terms

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

MPI Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No.155, Zhonghe Street, Hsinchu County, Zhubei, TWN

Website

https://www.mpi.com.tw

MPI Corp is engaged in the business of manufacturing, processing, maintenance, import and export, and trading of the semiconductor production process and testing equipment. Its Geographic areas are Taiwan, China, the USA, Singapore, Korea, and Other Countries. The majority of the revenue comes from Taiwan.

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