mic AG (STU:M3BK) Days Inventory : 137.77 (As of Jun. 2023)

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What is mic AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). mic AG's Average Total Inventories for the six months ended in Jun. 2023 was €22.52 Mil. mic AG's Cost of Goods Sold for the six months ended in Jun. 2023 was €29.83 Mil. Hence, mic AG's Days Inventory for the six months ended in Jun. 2023 was 137.77.

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

STU:M3BK' s Days Inventory Range Over the Past 10 Years
Min: 88.92 Med: 88.92 Max: 510.18
Current: 510.18

During the past 13 years, mic AG's highest Days Inventory was 510.18. The lowest was 88.92. And the median was 88.92.

STU:M3BK's Days Inventory is ranked worse than
82.74% of 168 companies
in the Asset Management industry
Industry Median: 77.38 vs STU:M3BK: 510.18

mic AG's Days Inventory increased from Jun. 2022 (0.00) to Jun. 2023 (137.77). It might indicate that mic AG'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. mic AG's Inventory Turnover for the six months ended in Jun. 2023 was 1.32.

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. mic AG's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.59.

mic AG Days Inventory Historical Data

The historical data trend for mic AG'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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mic AG Days Inventory Chart

mic AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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88.92

mic AG Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	137.77

Competitive Comparison of mic AG's Days Inventory

For the Asset Management subindustry, mic AG'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.

mic AG's Days Inventory Distribution in the Asset Management Industry

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

* The bar in red indicates where mic AG's Days Inventory falls into.

mic AG Days Inventory Calculation

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

mic AG's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (11.841	+	25.655)	/	2 )	/	76.957	*	365
=	18.748					/	76.957	*	365
=	88.92

mic AG'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: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (25.655	+	19.387)	/	2 )	/	29.833	*	365 / 2
=	22.521					/	29.833	*	365 / 2
=	137.77

mic AG (STU:M3BK) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	29.833	/	22.521
	=	1.32

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.521	/	38.42
	=	0.59

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.

mic AG Days Inventory Related Terms

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

mic AG (STU:M3BK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » mic AG (STU:M3BK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

M3BK:Germany M3BK:Germany

Address

Denisstrabe 1b, Munich, DEU, 80335

Website

http://www.mic-ag.eu

mic AG is an investment company. It invests in young technology companies in the field of fiber optics, clean tech, software, microsystems and IT among others. The portfolio comprises of Aifotec AG, 3-Edge Gmbh, and FiSec Gmbh and among others. Its portfolio comprises of u-GPS Optics GmbH, a developer of a technology for three-dimensional (3D) optical measurements, Flores Solar Water GmbH, which develops a low-cost water treatment plant that uses solar thermal energy.

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