MultiMetaVerse Holdings (MultiMetaVerse Holdings) Days Inventory : 57.58 (As of Dec. 2023)

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What is MultiMetaVerse Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MultiMetaVerse Holdings's Average Total Inventories for the six months ended in Dec. 2023 was $0.56 Mil. MultiMetaVerse Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.78 Mil. Hence, MultiMetaVerse Holdings's Days Inventory for the six months ended in Dec. 2023 was 57.58.

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

MMV' s Days Inventory Range Over the Past 10 Years
Min: 13.89 Med: 34.44 Max: 48.77
Current: 48.15

During the past 4 years, MultiMetaVerse Holdings's highest Days Inventory was 48.77. The lowest was 13.89. And the median was 34.44.

MMV's Days Inventory is ranked worse than
60.98% of 656 companies
in the Media - Diversified industry
Industry Median: 25.75 vs MMV: 48.15

MultiMetaVerse Holdings's Days Inventory declined from Dec. 2022 (69.80) to Dec. 2023 (57.58).

Inventory Turnover measures how fast the company turns over its inventory within a year. MultiMetaVerse Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 3.17.

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. MultiMetaVerse Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.16.

MultiMetaVerse Holdings Days Inventory Historical Data

The historical data trend for MultiMetaVerse Holdings'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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MultiMetaVerse Holdings Days Inventory Chart

MultiMetaVerse Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

13.89

21.74

47.13

48.77

MultiMetaVerse Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	33.63	69.80	42.31	57.58

Competitive Comparison of MultiMetaVerse Holdings's Days Inventory

For the Entertainment subindustry, MultiMetaVerse Holdings'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.

MultiMetaVerse Holdings's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, MultiMetaVerse Holdings's Days Inventory distribution charts can be found below:

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

MultiMetaVerse Holdings Days Inventory Calculation

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

MultiMetaVerse Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.82	+	0.49)	/	2 )	/	4.902	*	365
=	0.655					/	4.902	*	365
=	48.77

MultiMetaVerse Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.63	+	0.49)	/	2 )	/	1.775	*	365 / 2
=	0.56					/	1.775	*	365 / 2
=	57.58

MultiMetaVerse Holdings (NAS:MMV) 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.

MultiMetaVerse Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.775	/	0.56
	=	3.17

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.

MultiMetaVerse Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.56	/	3.497
	=	0.16

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.

MultiMetaVerse Holdings Days Inventory Related Terms

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MultiMetaVerse Holdings (MultiMetaVerse Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MultiMetaVerse Holdings Ltd (NAS:MMV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 718, Lingshi Road, Building D3, Jingan District, Shanghai, CHN, 200072

Website

MultiMetaVerse Holdings Ltd is an animation and entertainment company. It is devoted to establishing an open community for its global users comprised of animation viewers, game players, and content creators and to providing high-quality and immersive entertainment experiences by way of original content, user-generated content, and professional user-generated content.