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Mida Assets PCL (BKK:MIDA) Days Inventory : 63.73 (As of Mar. 2024)


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What is Mida Assets PCL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mida Assets PCL's Average Total Inventories for the three months ended in Mar. 2024 was ฿188 Mil. Mida Assets PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿270 Mil. Hence, Mida Assets PCL's Days Inventory for the three months ended in Mar. 2024 was 63.73.

The historical rank and industry rank for Mida Assets PCL's Days Inventory or its related term are showing as below:

BKK:MIDA' s Days Inventory Range Over the Past 10 Years
Min: 29.01   Med: 46.98   Max: 62.5
Current: 45.6

During the past 13 years, Mida Assets PCL's highest Days Inventory was 62.50. The lowest was 29.01. And the median was 46.98.

BKK:MIDA's Days Inventory is ranked worse than
50.5% of 101 companies
in the Credit Services industry
Industry Median: 45.6 vs BKK:MIDA: 45.60

Mida Assets PCL's Days Inventory increased from Mar. 2023 (40.41) to Mar. 2024 (63.73). It might indicate that Mida Assets PCL's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mida Assets PCL's Inventory Turnover for the three months ended in Mar. 2024 was 1.43.

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. Mida Assets PCL's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.34.


Mida Assets PCL Days Inventory Historical Data

The historical data trend for Mida Assets PCL'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.

Mida Assets PCL Days Inventory Chart

Mida Assets PCL 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 49.98 53.51 62.50 59.56 47.12

Mida Assets PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.41 41.45 35.70 45.59 63.73

Competitive Comparison of Mida Assets PCL's Days Inventory

For the Credit Services subindustry, Mida Assets PCL'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.


Mida Assets PCL's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Mida Assets PCL's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mida Assets PCL's Days Inventory falls into.



Mida Assets PCL Days Inventory Calculation

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

Mida Assets PCL'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
=( (188.111 + 188.194) / 2 ) / 1457.567*365
=188.1525 / 1457.567*365
=47.12

Mida Assets PCL's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (188.194 + 188.704) / 2 ) / 269.833*365 / 4
=188.449 / 269.833*365 / 4
=63.73

* 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.


Mida Assets PCL  (BKK:MIDA) 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.

Mida Assets PCL's Inventory Turnover for the three months ended in Mar. 2024 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.

Mida Assets PCL's Inventory to Revenue for the three months ended in Mar. 2024 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.


Mida Assets PCL Days Inventory Related Terms

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


Mida Assets PCL (BKK:MIDA) Business Description

Traded in Other Exchanges
N/A
Address
267 Charansanitwong Road, Bang-Or, Bangplad, Bangkok, THA, 10700
Mida Assets PCL is a Thailand-based company engaged in different businesses such as sales of merchandises and hire-purchases financing for electronic equipment and used cars, real estate development, hotel operations services and management, golf course rental, agency for sale of real estate, advertising, public relation and events organizing services, providing financial services, management of non-performing assets and security guard services. Its segments include Hire-purchase business, Real estate development, Hotel operation, Agency for sale real estate, and Advertising, public relation, and events services, of which key revenue is derived from the Hire-purchase business. The group has a business presence in Thailand and other countries.

Mida Assets PCL (BKK:MIDA) Headlines

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