MindArk PE AB (XSAT:MNDRK) Days Inventory : 1.78 (As of Dec. 2023)

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What is MindArk PE AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MindArk PE AB's Average Total Inventories for the three months ended in Dec. 2023 was kr0.1 Mil. MindArk PE AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr5.9 Mil. Hence, MindArk PE AB's Days Inventory for the three months ended in Dec. 2023 was 1.78.

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

XSAT:MNDRK' s Days Inventory Range Over the Past 10 Years
Min: 1.2 Med: 1.63 Max: 2.06
Current: 1.22

During the past 2 years, MindArk PE AB's highest Days Inventory was 2.06. The lowest was 1.20. And the median was 1.63.

XSAT:MNDRK's Days Inventory is ranked better than
85.97% of 1561 companies
in the Software industry
Industry Median: 18.99 vs XSAT:MNDRK: 1.22

MindArk PE AB's Days Inventory increased from Sep. 2022 (0.00) to Dec. 2023 (1.78). It might indicate that MindArk PE AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. MindArk PE AB's Inventory Turnover for the three months ended in Dec. 2023 was 51.28.

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. MindArk PE AB's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

MindArk PE AB Days Inventory Historical Data

The historical data trend for MindArk PE AB'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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MindArk PE AB Days Inventory Chart

MindArk PE AB Annual Data

Trend

Dec21

Dec23

Days Inventory

2.06

1.20

MindArk PE AB Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	2.23	0.59	2.35	1.78

Competitive Comparison of MindArk PE AB's Days Inventory

For the Software - Application subindustry, MindArk PE AB'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.

MindArk PE AB's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, MindArk PE AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where MindArk PE AB's Days Inventory falls into.

MindArk PE AB Days Inventory Calculation

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

MindArk PE AB'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. 2021 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.147	+	0.1)	/	2 )	/	37.679	*	365
=	0.1235					/	37.679	*	365
=	1.20

MindArk PE AB'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
=	( (0.131	+	0.1)	/	2 )	/	5.923	*	365 / 4
=	0.1155					/	5.923	*	365 / 4
=	1.78

MindArk PE AB (XSAT:MNDRK) 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.

MindArk PE AB's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.923	/	0.1155
	=	51.28

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.

MindArk PE AB's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.1155	/	46.266
	=	0.00

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.

MindArk PE AB Days Inventory Related Terms

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

MindArk PE AB (XSAT:MNDRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MindArk PE AB (XSAT:MNDRK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Masthamnsgatan 5, Gothenburg, SWE, SE 413 27

Website

https://www.mindark.com

MindArk PE AB develops and operates Entropia Universe and the Entropia Platform. Entropia Universe is a 3D internet virtual universe with an integrated economic system and stunning graphics. The client software is free-of-charge and available to anyone with internet access. The Entropia Platform is a secure entertainment and business platform, enabling companies and organizations all over the world to build content on themed planets inside Entropia Universe.

MindArk PE AB (XSAT:MNDRK) Headlines

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