Days Inventory is also known as Days Sales of Inventory (DSI). Meta Materials's Average Total Inventories for the
three
months ended in Dec. 2023 was $0.15 Mil. Meta Materials's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $0.97 Mil.
Hence, Meta Materials's Days Inventory for the
three
months ended in Dec. 2023 was 13.73.
The historical rank and industry rank for Meta Materials's Days Inventory or its related term are showing as below:
MMAT'
s Days Inventory Range Over the Past 10 Years
Min: 35.5 Med: 120.47 Max: 56331.67
Current: 37.8
During the past 5 years, Meta Materials's highest Days Inventory was 56331.67. The lowest was 35.50. And the median was 120.47.
MMAT's Days Inventory is ranked better than 89.32% of 2407
companies
in the Hardware industry
Industry Median: 102.45
vs MMAT: 37.80
Meta Materials's Days Inventory
declined
from Dec. 2022 (49.57) to Dec. 2023 (13.73).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Meta Materials's Inventory Turnover for the
three
months ended in Dec. 2023 was 6.65.
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.
Meta Materials's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.06.
Meta Materials Days Inventory Historical Data
The historical data trend for Meta Materials'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.
Competitive Comparison of Meta Materials's Days Inventory
For the Electronic Components subindustry, Meta Materials'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.
Meta Materials's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Meta Materials's Days Inventory distribution charts can be found below:
* The bar in red indicates where Meta Materials's Days Inventory falls into.
Meta Materials Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Meta Materials's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Meta Materials (NAS:MMAT) 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.
Meta Materials's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Meta Materials's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Meta Materials Days Inventory Related Terms
Thank you for viewing the detailed overview of Meta Materials's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Meta Materials (Meta Materials) Business Description
Meta Materials Inc delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Its extensive technology platform enables global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
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