Movement Industries (Movement Industries) Days Inventory : 42.02 (As of Jun. 2023)

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

What is Movement Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Movement Industries's Average Total Inventories for the six months ended in Jun. 2023 was $0.07 Mil. Movement Industries's Cost of Goods Sold for the six months ended in Jun. 2023 was $0.58 Mil. Hence, Movement Industries's Days Inventory for the six months ended in Jun. 2023 was 21.01.

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

MVNT' s Days Inventory Range Over the Past 10 Years
Min: 15.13 Med: 28.58 Max: 42.02
Current: 42.02

During the past 2 years, Movement Industries's highest Days Inventory was 42.02. The lowest was 15.13. And the median was 28.58.

MVNT's Days Inventory is ranked better than
62.5% of 168 companies
in the Asset Management industry
Industry Median: 73.515 vs MVNT: 42.02

Movement Industries's Days Inventory increased from . 20 (0.00) to Jun. 2023 (42.02). It might indicate that Movement Industries's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Movement Industries's Inventory Turnover for the six months ended in Jun. 2023 was 8.69.

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. Movement Industries's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.08.

Movement Industries Days Inventory Historical Data

The historical data trend for Movement Industries'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.

Movement Industries Days Inventory Chart

Movement Industries Annual Data

Trend

Jun22

Jun23

Days Inventory

15.13

42.02

Movement Industries Semi-Annual Data
	Jun22	Jun23
Days Inventory	15.13	42.02

Competitive Comparison of Movement Industries's Days Inventory

For the Asset Management subindustry, Movement Industries'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.

Movement Industries's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Movement Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Movement Industries's Days Inventory falls into.

Movement Industries Days Inventory Calculation

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

Movement Industries's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.038	+	0.096)	/	2 )	/	0.582	*	365
=	0.067					/	0.582	*	365
=	42.02

Movement Industries'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: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.038	+	0.096)	/	2 )	/	0.582	*	365 / 2
=	0.067					/	0.582	*	365 / 2
=	21.01

Movement Industries (OTCPK:MVNT) 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.

Movement Industries's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.582	/	0.067
	=	8.69

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.

Movement Industries's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.067	/	0.868
	=	0.08

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.

Movement Industries Days Inventory Related Terms

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

Movement Industries (Movement Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Movement Industries Corp (OTCPK:MVNT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

6829 Flintlock Road, Houston, TX, USA, 77040

Website

https://www.mvmnt.in

Movement Industries Corp is engaged in investments in emerging growth companies in the energy, oil and gas, and industrial manufacturing sectors. The company also offers its services to utilities, technology, agriculture, and medical industries. It provides valves, actuators, pumps, tanks, and wellhead control panels, CNC Machining, Waterjet, Plasma, Laser Cutting, Welding and Fabrication, control systems, and communication systems among its many products and services. The company operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets.