MTAG Group Bhd (XKLS:0213) Days Inventory : 150.82 (As of Dec. 2023)

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What is MTAG Group Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MTAG Group Bhd's Average Total Inventories for the three months ended in Dec. 2023 was RM22.5 Mil. MTAG Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM13.6 Mil. Hence, MTAG Group Bhd's Days Inventory for the three months ended in Dec. 2023 was 150.82.

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

XKLS:0213' s Days Inventory Range Over the Past 10 Years
Min: 42.96 Med: 64 Max: 151.6
Current: 151.6

During the past 8 years, MTAG Group Bhd's highest Days Inventory was 151.60. The lowest was 42.96. And the median was 64.00.

XKLS:0213's Days Inventory is ranked worse than
84.43% of 681 companies
in the Business Services industry
Industry Median: 30.28 vs XKLS:0213: 151.60

MTAG Group Bhd's Days Inventory increased from Dec. 2022 (81.61) to Dec. 2023 (150.82). It might indicate that MTAG Group Bhd'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. MTAG Group Bhd's Inventory Turnover for the three months ended in Dec. 2023 was 0.61.

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. MTAG Group Bhd's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.01.

MTAG Group Bhd Days Inventory Historical Data

The historical data trend for MTAG Group 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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MTAG Group Bhd Days Inventory Chart

MTAG Group Bhd Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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60.95

81.77

66.55

74.29

94.31

MTAG Group 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															81.61	171.55	163.45	114.96	150.82

Competitive Comparison of MTAG Group Bhd's Days Inventory

For the Specialty Business Services subindustry, MTAG Group 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.

MTAG Group Bhd's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MTAG Group Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where MTAG Group Bhd's Days Inventory falls into.

MTAG Group Bhd Days Inventory Calculation

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

MTAG Group Bhd'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
=	( (27.43	+	26.049)	/	2 )	/	103.484	*	365
=	26.7395					/	103.484	*	365
=	94.31

MTAG Group 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
=	( (21.345	+	23.675)	/	2 )	/	13.619	*	365 / 4
=	22.51					/	13.619	*	365 / 4
=	150.82

MTAG Group Bhd (XKLS:0213) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.619	/	22.51
	=	0.61

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.51	/	22.361
	=	1.01

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.

MTAG Group Bhd Days Inventory Related Terms

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

MTAG Group Bhd (XKLS:0213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MTAG Group Bhd (XKLS:0213) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan Perindustrian Tebrau III, PLO 226, Jalan Kencana Mas, Johor Bahru, Johor, MYS, 81100

Website

https://www.mtaggroup.com

MTAG Group Bhd is a converter company providing the services of label and sticker printing and customised converting services for various materials. In addition, it distributes industrial tapes and adhesive products under the brands 3M and Henkel. Its segments consist of Converting, Distribution and Investment holding. The company operates in Malaysia.

MTAG Group Bhd (XKLS:0213) Headlines

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