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Master Tec Group Bhd (XKLS:0295) Days Inventory : 51.85 (As of Jun. 2023)


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What is Master Tec Group Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Master Tec Group Bhd's Average Total Inventories for the six months ended in Jun. 2023 was RM32.4 Mil. Master Tec Group Bhd's Cost of Goods Sold for the six months ended in Jun. 2023 was RM114.2 Mil. Hence, Master Tec Group Bhd's Days Inventory for the six months ended in Jun. 2023 was 51.85.

The historical rank and industry rank for Master Tec Group Bhd's Days Inventory or its related term are showing as below:

XKLS:0295' s Days Inventory Range Over the Past 10 Years
Min: 32.77   Med: 38.87   Max: 56.79
Current: 41.19

During the past 3 years, Master Tec Group Bhd's highest Days Inventory was 56.79. The lowest was 32.77. And the median was 38.87.

XKLS:0295's Days Inventory is ranked better than
91.58% of 2909 companies
in the Industrial Products industry
Industry Median: 120.85 vs XKLS:0295: 41.19

Master Tec Group Bhd's Days Inventory increased from Jun. 2022 (37.42) to Jun. 2023 (51.85). It might indicate that Master Tec Group Bhd's sales slowed down.

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. Master Tec Group Bhd's Inventory Turnover for the six months ended in Jun. 2023 was 3.52.

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. Master Tec Group Bhd's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.24.

Master Tec Group Bhd Days Inventory Historical Data

The historical data trend for Master Tec Group Bhd'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.

* Premium members only.

Master Tec Group Bhd Days Inventory Chart

Master Tec Group Bhd Annual Data
Trend Dec20 Dec21 Dec22
Days Inventory
56.79 38.87 32.77

Master Tec Group Bhd Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Days Inventory - - 37.42 28.64 51.85

Competitive Comparison of Master Tec Group Bhd's Days Inventory

For the Electrical Equipment & Parts subindustry, Master Tec Group Bhd'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.

Master Tec Group Bhd's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Master Tec Group Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where Master Tec Group Bhd's Days Inventory falls into.


Master Tec Group Bhd Days Inventory Calculation

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

Master Tec Group Bhd's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (31.63 + 27.19) / 2 ) / 327.555*365
=29.41 / 327.555*365
=32.77

Master Tec Group Bhd's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (27.19 + 37.7) / 2 ) / 114.202*365 / 2
=32.445 / 114.202*365 / 2
=51.85

* 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.

Master Tec Group Bhd  (XKLS:0295) 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.

Master Tec Group Bhd's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=114.202 / 32.445
=3.52

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.

Master Tec Group Bhd's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=32.445 / 138.039
=0.24

* 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.

Master Tec Group Bhd Days Inventory Related Terms

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Master Tec Group Bhd (XKLS:0295) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Master Tec Group Bhd (XKLS:0295) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
RM1299-A Kawasan, Perindustrian Rembia, Alor Gajah, Melaka, MLA, MYS, 78000
Website
https://www.mastertec.my
Master Tec Group Bhd is an investment holding company. Through its subsidiary, it is involved in the manufacturing and distribution of power cables, control and instrumentation cables, and other related products, and the trading of power cables, fibre optic cables, and other related products.

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