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Model Solution Co (XKRX:417970) Days Inventory : 28.62 (As of Dec. 2023)


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What is Model Solution Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Model Solution Co's Average Total Inventories for the three months ended in Dec. 2023 was ₩5,333 Mil. Model Solution Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩17,005 Mil. Hence, Model Solution Co's Days Inventory for the three months ended in Dec. 2023 was 28.62.

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

XKRX:417970' s Days Inventory Range Over the Past 10 Years
Min: 14.78   Med: 26.14   Max: 33.22
Current: 33.22

During the past 12 years, Model Solution Co's highest Days Inventory was 33.22. The lowest was 14.78. And the median was 26.14.

XKRX:417970's Days Inventory is ranked better than
93.71% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs XKRX:417970: 33.22

Model Solution Co's Days Inventory declined from Dec. 2022 (30.54) to Dec. 2023 (28.62).

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. Model Solution Co's Inventory Turnover for the three months ended in Dec. 2023 was 3.19.

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. Model Solution Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.28.


Model Solution Co Days Inventory Historical Data

The historical data trend for Model Solution Co'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.

Model Solution Co Days Inventory Chart

Model Solution Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.84 25.44 30.11 31.65 31.20

Model Solution Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 30.54 34.21 33.96 40.29 28.62

Competitive Comparison of Model Solution Co's Days Inventory

For the Metal Fabrication subindustry, Model Solution Co'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.


Model Solution Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Model Solution Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Model Solution Co's Days Inventory falls into.



Model Solution Co Days Inventory Calculation

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

Model Solution Co'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
=( (4288.448 + 4756.482) / 2 ) / 52900.07*365
=4522.465 / 52900.07*365
=31.20

Model Solution Co'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (5910.34 + 4756.482) / 2 ) / 17004.921*365 / 4
=5333.411 / 17004.921*365 / 4
=28.62

* 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.


Model Solution Co  (XKRX:417970) 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.

Model Solution Co's Inventory Turnover for the three 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.

Model Solution Co's Inventory to Revenue for the three 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.


Model Solution Co Days Inventory Related Terms

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


Model Solution Co (XKRX:417970) Business Description

Traded in Other Exchanges
N/A
Address
24, Cherry Blossom-ro 20-gil, Geumcheon-gu, Seoul, KOR, 08582
Model Solution Co Ltd manufactures and supports prototypes of new products that incorporate cutting-edge technologies such as IT devices, electronic products, and medical/healthcare devices through a variety of solutions including rapid prototypes, precision machining, quick-turn tooling and molding.

Model Solution Co (XKRX:417970) Headlines

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