Matrix IT (XTAE:MTRX) Days Inventory : 11.52 (As of Dec. 2023)

View and export this data going back to 1993. Start your Free Trial

What is Matrix IT Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Matrix IT's Average Total Inventories for the three months ended in Dec. 2023 was ₪141 Mil. Matrix IT's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪1,117 Mil. Hence, Matrix IT's Days Inventory for the three months ended in Dec. 2023 was 11.52.

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

XTAE:MTRX' s Days Inventory Range Over the Past 10 Years
Min: 1.7 Med: 2.65 Max: 11.02
Current: 11.02

During the past 13 years, Matrix IT's highest Days Inventory was 11.02. The lowest was 1.70. And the median was 2.65.

XTAE:MTRX's Days Inventory is ranked better than
59.17% of 1565 companies
in the Software industry
Industry Median: 19.64 vs XTAE:MTRX: 11.02

Matrix IT's Days Inventory increased from Dec. 2022 (10.72) to Dec. 2023 (11.52). It might indicate that Matrix IT's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Matrix IT's Inventory Turnover for the three months ended in Dec. 2023 was 7.92.

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. Matrix IT's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.11.

Matrix IT Days Inventory Historical Data

The historical data trend for Matrix IT'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.

Matrix IT Days Inventory Chart

Matrix IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

2.33

5.65

6.84

8.25

10.80

Matrix IT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															10.72	10.46	11.36	10.97	11.52

Competitive Comparison of Matrix IT's Days Inventory

For the Software - Application subindustry, Matrix IT'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.

Matrix IT's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Matrix IT's Days Inventory distribution charts can be found below:

* The bar in red indicates where Matrix IT's Days Inventory falls into.

Matrix IT Days Inventory Calculation

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

Matrix IT'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
=	( (118.326	+	146.089)	/	2 )	/	4467.925	*	365
=	132.2075					/	4467.925	*	365
=	10.80

Matrix IT'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
=	( (135.933	+	146.089)	/	2 )	/	1117.274	*	365 / 4
=	141.011					/	1117.274	*	365 / 4
=	11.52

Matrix IT (XTAE:MTRX) 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.

Matrix IT's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1117.274	/	141.011
	=	7.92

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.

Matrix IT's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	141.011	/	1320.69
	=	0.11

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.

Matrix IT Days Inventory Related Terms

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

Matrix IT (XTAE:MTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Matrix IT Ltd (XTAE:MTRX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Abba Eban Boulevard, Herzlia Pituach, ISR, 4612001

Website

http://www.matrix.co.il

Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.