MMAG Holdings Bhd (XKLS:0034) Days Inventory : 10.33 (As of Dec. 2023)

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What is MMAG Holdings Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MMAG Holdings Bhd's Average Total Inventories for the three months ended in Dec. 2023 was RM12.0 Mil. MMAG Holdings Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM106.3 Mil. Hence, MMAG Holdings Bhd's Days Inventory for the three months ended in Dec. 2023 was 10.33.

The historical rank and industry rank for MMAG Holdings Bhd's Days Inventory or its related term are showing as below:

XKLS:0034' s Days Inventory Range Over the Past 10 Years
Min: 4.62 Med: 10.2 Max: 29.61
Current: 8.58

During the past 13 years, MMAG Holdings Bhd's highest Days Inventory was 29.61. The lowest was 4.62. And the median was 10.20.

XKLS:0034's Days Inventory is ranked better than
62.75% of 1565 companies
in the Software industry
Industry Median: 19.61 vs XKLS:0034: 8.58

MMAG Holdings Bhd's Days Inventory increased from Dec. 2022 (5.61) to Dec. 2023 (10.33). It might indicate that MMAG Holdings Bhd's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. MMAG Holdings Bhd's Inventory Turnover for the three months ended in Dec. 2023 was 8.83.

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. MMAG Holdings Bhd's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.10.

MMAG Holdings Bhd Days Inventory Historical Data

The historical data trend for MMAG Holdings Bhd'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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MMAG Holdings Bhd Days Inventory Chart

MMAG Holdings Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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5.62

4.62

5.22

6.15

8.03

MMAG Holdings Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															5.61	6.62	7.98	10.00	10.33

Competitive Comparison of MMAG Holdings Bhd's Days Inventory

For the Software - Application subindustry, MMAG Holdings Bhd'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.

MMAG Holdings Bhd's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, MMAG Holdings Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where MMAG Holdings Bhd's Days Inventory falls into.

MMAG Holdings Bhd Days Inventory Calculation

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

MMAG Holdings Bhd's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (10.536	+	8.275)	/	2 )	/	427.685	*	365
=	9.4055					/	427.685	*	365
=	8.03

MMAG Holdings Bhd's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (13.398	+	10.663)	/	2 )	/	106.282	*	365 / 4
=	12.0305					/	106.282	*	365 / 4
=	10.33

MMAG Holdings Bhd (XKLS:0034) 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.

MMAG Holdings Bhd's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	106.282	/	12.0305
	=	8.83

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.

MMAG Holdings Bhd's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.0305	/	121.341
	=	0.10

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.

MMAG Holdings Bhd Days Inventory Related Terms

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MMAG Holdings Bhd (XKLS:0034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MMAG Holdings Bhd (XKLS:0034) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Jalan TP2, Taman Perindustrian UEP, Subang Jaya, SGR, MYS, 47600

Website

https://www.mmag.com.my

MMAG Holdings Bhd is a Malaysia-based company engaged in investment holding. The company's operating segment includes Mobile and fulfillment; Courier and Logistic Services, Air freight and Others. It generates maximum revenue from the Mobile and fulfilments segment. The mobile and fulfilments segment includes distribution of smart devices, mobile operator's strategic 3PL and 4PL partners, fulfillment system and fulfilments marketplace providers and mobile retail stores. The Logistic services segment provides courier and delivery services. Air freight segment includes Provision of air cargo services. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Singapore.

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