Mintech Co (XKRX:452200) Days Inventory : 179.59 (As of Sep. 2024)

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What is Mintech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mintech Co's Average Total Inventories for the three months ended in Sep. 2024 was ₩6,570 Mil. Mintech Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩3,338 Mil. Hence, Mintech Co's Days Inventory for the three months ended in Sep. 2024 was 179.59.

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

XKRX:452200' s Days Inventory Range Over the Past 10 Years
Min: 55.75 Med: 61.84 Max: 142.24
Current: 142.24

During the past 3 years, Mintech Co's highest Days Inventory was 142.24. The lowest was 55.75. And the median was 61.84.

XKRX:452200's Days Inventory is ranked worse than
59.78% of 2909 companies
in the Industrial Products industry
Industry Median: 122.4 vs XKRX:452200: 142.24

Mintech Co's Days Inventory increased from Jun. 2023 (73.79) to Sep. 2024 (179.59). It might indicate that Mintech Co'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. Mintech Co's Inventory Turnover for the three months ended in Sep. 2024 was 0.51.

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. Mintech Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.65.

Mintech Co Days Inventory Historical Data

The historical data trend for Mintech 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.

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Mintech Co Days Inventory Chart

Mintech Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

55.75

61.84

71.15

Mintech Co Quarterly Data
	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial			73.79	237.50	49.10	168.32	179.59

Competitive Comparison of Mintech Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Mintech 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.

Mintech Co's Days Inventory Distribution in the Industrial Products Industry

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

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

Mintech Co Days Inventory Calculation

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

Mintech 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
=	( (2025.947	+	3061.31)	/	2 )	/	13048.944	*	365
=	2543.6285					/	13048.944	*	365
=	71.15

Mintech Co'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
=	( (6400.488	+	6740.23)	/	2 )	/	3338.373	*	365 / 4
=	6570.359					/	3338.373	*	365 / 4
=	179.59

Mintech Co (XKRX:452200) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3338.373	/	6570.359
	=	0.51

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6570.359	/	3976.18
	=	1.65

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.

Mintech Co Days Inventory Related Terms

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

Mintech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mintech Co Ltd (XKRX:452200) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

263-1, Techno 2-ro, Yuseong-gu, Daejeon, KOR

Website

https://www.g-mintech.co.kr/kor/main/?ckattempt=1

Mintech Co Ltd operates in Battery and Energy Storage Systems Industries. It is engaged in the design, development, and mass production of lithium secondary batteries, its specialists are equipped to implement electrochemical-based battery analysis methods and diagnostic algorithms and continue developing battery diagnostic solutions. Its products and solutions include ?Battery Inspection and Diagnosis Solutions, Integrated AC Impedance Formation Process, Reusable Battery ESS, Electric Vehicle Battery Discharger, and B On Scope.

Mintech Co Headlines

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