Nanofilm Technologies International (SGX:MZH) Days Inventory : 60.93 (As of Dec. 2023)

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What is Nanofilm Technologies International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nanofilm Technologies International's Average Total Inventories for the six months ended in Dec. 2023 was S$20.6 Mil. Nanofilm Technologies International's Cost of Goods Sold for the six months ended in Dec. 2023 was S$61.7 Mil. Hence, Nanofilm Technologies International's Days Inventory for the six months ended in Dec. 2023 was 60.93.

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

SGX:MZH' s Days Inventory Range Over the Past 10 Years
Min: 48.58 Med: 62.11 Max: 88.78
Current: 65.12

During the past 8 years, Nanofilm Technologies International's highest Days Inventory was 88.78. The lowest was 48.58. And the median was 62.11.

SGX:MZH's Days Inventory is ranked better than
72.16% of 2407 companies
in the Hardware industry
Industry Median: 101.78 vs SGX:MZH: 65.12

Nanofilm Technologies International's Days Inventory increased from Dec. 2022 (52.57) to Dec. 2023 (60.93). It might indicate that Nanofilm Technologies International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nanofilm Technologies International's Inventory Turnover for the six months ended in Dec. 2023 was 3.00.

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. Nanofilm Technologies International's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.20.

Nanofilm Technologies International Days Inventory Historical Data

The historical data trend for Nanofilm Technologies International'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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Nanofilm Technologies International Days Inventory Chart

Nanofilm Technologies International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

88.78

56.52

48.58

51.84

62.11

Nanofilm Technologies International Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial							53.63	53.95	52.57	73.71	60.93

Competitive Comparison of Nanofilm Technologies International's Days Inventory

For the Electronic Components subindustry, Nanofilm Technologies International'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.

Nanofilm Technologies International's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nanofilm Technologies International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nanofilm Technologies International's Days Inventory falls into.

Nanofilm Technologies International Days Inventory Calculation

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

Nanofilm Technologies International'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
=	( (18.429	+	19.5)	/	2 )	/	111.453	*	365
=	18.9645					/	111.453	*	365
=	62.11

Nanofilm Technologies International's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21.726	+	19.5)	/	2 )	/	61.742	*	365 / 2
=	20.613					/	61.742	*	365 / 2
=	60.93

Nanofilm Technologies International (SGX:MZH) 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.

Nanofilm Technologies International's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	61.742	/	20.613
	=	3.00

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.

Nanofilm Technologies International's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20.613	/	103.866
	=	0.20

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.

Nanofilm Technologies International Days Inventory Related Terms

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

Nanofilm Technologies International (SGX:MZH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanofilm Technologies International Ltd (SGX:MZH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Tai Seng Drive, Singapore, SGP, 535226

Website

https://www.nti-nanofilm.com

Nanofilm Technologies International Ltd is a provider of nanotechnology solutions in Asia. Its solutions serve as key catalysts enabling customers to achieve high value-add advancements in their end-products in an environmentally sustainable manner. The company operates in three segments: advanced materials BU, Nanofabrication BU, Sydrogen BU and Industrial equipment BU . The majority of its revenue comes from the advanced materials BU segment, which provides advanced materials through surface solution services based on its vacuum coating technologies and processes. Geographically, the company generates revenue from Singapore, Japan, Vietnam and China being the majority revenue generator.

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