MTI Wireless Edge (LSE:MWE) Days Inventory : 92.87 (As of Jun. 2023)

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What is MTI Wireless Edge Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MTI Wireless Edge's Average Total Inventories for the three months ended in Jun. 2023 was £6.04 Mil. MTI Wireless Edge's Cost of Goods Sold for the three months ended in Jun. 2023 was £5.93 Mil. Hence, MTI Wireless Edge's Days Inventory for the three months ended in Jun. 2023 was 92.87.

The historical rank and industry rank for MTI Wireless Edge's Days Inventory or its related term are showing as below:

LSE:MWE' s Days Inventory Range Over the Past 10 Years
Min: 80.15 Med: 85.45 Max: 116.86
Current: 85.73

During the past 13 years, MTI Wireless Edge's highest Days Inventory was 116.86. The lowest was 80.15. And the median was 85.45.

LSE:MWE's Days Inventory is ranked better than
60.12% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs LSE:MWE: 85.73

MTI Wireless Edge's Days Inventory increased from Jun. 2022 (72.43) to Jun. 2023 (92.87). It might indicate that MTI Wireless Edge's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. MTI Wireless Edge's Inventory Turnover for the three months ended in Jun. 2023 was 0.98.

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. MTI Wireless Edge's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.69.

MTI Wireless Edge Days Inventory Historical Data

The historical data trend for MTI Wireless Edge'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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MTI Wireless Edge Days Inventory Chart

MTI Wireless Edge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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80.15

80.66

81.03

80.82

91.62

MTI Wireless Edge Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															69.93	88.34	90.64	92.87	-

Competitive Comparison of MTI Wireless Edge's Days Inventory

For the Communication Equipment subindustry, MTI Wireless Edge'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.

MTI Wireless Edge's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MTI Wireless Edge's Days Inventory distribution charts can be found below:

* The bar in red indicates where MTI Wireless Edge's Days Inventory falls into.

MTI Wireless Edge Days Inventory Calculation

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

MTI Wireless Edge'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
=	( (6.368	+	5.912)	/	2 )	/	24.461	*	365
=	6.14					/	24.461	*	365
=	91.62

MTI Wireless Edge's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (6.182	+	5.892)	/	2 )	/	5.932	*	365 / 4
=	6.037					/	5.932	*	365 / 4
=	92.87

MTI Wireless Edge (LSE:MWE) 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.

MTI Wireless Edge's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.932	/	6.037
	=	0.98

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.

MTI Wireless Edge's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.037	/	8.767
	=	0.69

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.

MTI Wireless Edge Days Inventory Related Terms

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

MTI Wireless Edge (LSE:MWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MTI Wireless Edge Ltd (LSE:MWE) » Definitions » Days Inventory

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Traded in Other Exchanges

M7O:Germany

Address

11 Hamelacha Street, Afek Industrial Park, Rosh-Ha'Ayin, ISR, 4809121

Website

https://www.mtiwirelessedge.com

MTI Wireless Edge Ltd is an Israel-based company engaged in three segments; the antennas segment includes the development, design, manufacture, and marketing of antennas for the military and civilian sectors, Water solutions segment is a provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies, and Distribution and Consultation segment provides consulting representation, and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services, and development, manufacture, and integration of communication systems and monitoring and control systems.