Melco Holdings (NGO:6676) Days Inventory : 74.47 (As of Dec. 2023)

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What is Melco Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Melco Holdings's Average Total Inventories for the three months ended in Dec. 2023 was 円23,950 Mil. Melco Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円29,345 Mil. Hence, Melco Holdings's Days Inventory for the three months ended in Dec. 2023 was 74.47.

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

NGO:6676' s Days Inventory Range Over the Past 10 Years
Min: 45.54 Med: 53.09 Max: 82.13
Current: 82.13

During the past 13 years, Melco Holdings's highest Days Inventory was 82.13. The lowest was 45.54. And the median was 53.09.

NGO:6676's Days Inventory is ranked better than
62.41% of 2405 companies
in the Hardware industry
Industry Median: 103.88 vs NGO:6676: 82.13

Melco Holdings's Days Inventory declined from Dec. 2022 (76.69) to Dec. 2023 (74.47).

Inventory Turnover measures how fast the company turns over its inventory within a year. Melco Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 1.23.

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. Melco Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.61.

Melco Holdings Days Inventory Historical Data

The historical data trend for Melco Holdings'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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Melco Holdings Days Inventory Chart

Melco Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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45.54

52.76

53.41

64.83

75.73

Melco Holdings 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															76.69	80.53	86.53	87.24	74.47

Competitive Comparison of Melco Holdings's Days Inventory

For the Computer Hardware subindustry, Melco Holdings'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.

Melco Holdings's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Melco Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Melco Holdings's Days Inventory falls into.

Melco Holdings Days Inventory Calculation

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

Melco Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (21811	+	22420)	/	2 )	/	106589	*	365
=	22115.5					/	106589	*	365
=	75.73

Melco Holdings'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
=	( (23764	+	24135)	/	2 )	/	29345	*	365 / 4
=	23949.5					/	29345	*	365 / 4
=	74.47

Melco Holdings (NGO:6676) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	29345	/	23949.5
	=	1.23

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23949.5	/	39019
	=	0.61

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.

Melco Holdings Days Inventory Related Terms

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

Melco Holdings (NGO:6676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Melco Holdings Inc (NGO:6676) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

6676:Japan

Address

30-20, Ohsu 3-chome, Akamon-dori Building, Naka-ku, Nagoya, JPN, 460-8315

Website

http://melco-hd.jp

Melco Holdings, Inc. is a holding company with interests in manufacturing computer and broadband equipment. Its product portfolio includes storage products, flash memory devices, digital home products, memory modules, network and broadband products, and computer and electronics supplies, accessories, and components. It also offers support services such as computer set-up at doorstep, surveys for corporate wireless LANs as well as installation. The firm has business operations throughout Japan, Asia, Europe, and the United States of America.

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