Parx Materials NV (XPAR:MLPRX) Days Inventory : 308.12 (As of Dec. 2022)

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What is Parx Materials NV Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Parx Materials NV's Average Total Inventories for the six months ended in Dec. 2022 was €0.07 Mil. Parx Materials NV's Cost of Goods Sold for the six months ended in Dec. 2022 was €0.08 Mil. Hence, Parx Materials NV's Days Inventory for the six months ended in Dec. 2022 was 154.06.

The historical rank and industry rank for Parx Materials NV's Days Inventory or its related term are showing as below:

XPAR:MLPRX' s Days Inventory Range Over the Past 10 Years
Min: 54.86 Med: 186.22 Max: 1754.81
Current: 308.12

During the past 7 years, Parx Materials NV's highest Days Inventory was 1754.81. The lowest was 54.86. And the median was 186.22.

XPAR:MLPRX's Days Inventory is ranked worse than
95.85% of 1495 companies
in the Chemicals industry
Industry Median: 82.92 vs XPAR:MLPRX: 308.12

Parx Materials NV's Days Inventory declined from Dec. 2020 (437.53) to Dec. 2022 (308.12).

Inventory Turnover measures how fast the company turns over its inventory within a year. Parx Materials NV's Inventory Turnover for the six months ended in Dec. 2022 was 1.18.

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. Parx Materials NV's Inventory-to-Revenue for the six months ended in Dec. 2022 was 0.51.

Parx Materials NV Days Inventory Historical Data

The historical data trend for Parx Materials NV'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.

Parx Materials NV Days Inventory Chart

Parx Materials NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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54.86

1,754.81

437.53

186.22

308.12

Parx Materials NV Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Days Inventory	Get a 7-Day Free Trial			54.86	1,754.81	437.53	186.22	308.12

Competitive Comparison of Parx Materials NV's Days Inventory

For the Specialty Chemicals subindustry, Parx Materials NV'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.

Parx Materials NV's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Parx Materials NV's Days Inventory distribution charts can be found below:

* The bar in red indicates where Parx Materials NV's Days Inventory falls into.

Parx Materials NV Days Inventory Calculation

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

Parx Materials NV'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
=	( (0.066	+	0.064)	/	2 )	/	0.077	*	365
=	0.065					/	0.077	*	365
=	308.12

Parx Materials NV's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

	Days Inventory (Q: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (0.066	+	0.064)	/	2 )	/	0.077	*	365 / 2
=	0.065					/	0.077	*	365 / 2
=	154.06

Parx Materials NV (XPAR:MLPRX) 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.

Parx Materials NV's Inventory Turnover for the six months ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.077	/	0.065
	=	1.18

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.

Parx Materials NV's Inventory to Revenue for the six months ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.065	/	0.128
	=	0.51

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.

Parx Materials NV Days Inventory Related Terms

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

Parx Materials NV (XPAR:MLPRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Parx Materials NV (XPAR:MLPRX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Goudsesingel 96 (Unit 1.7), Rotterdam, NLD, 3011 KD

Website

https://www.parxmaterials.com

Parx Materials NV is a holding company. It is engaged in developing, manufacturing, and marketing biocompatible plastics and antibacterial polymers. The company through its patented process is integrating it in plastics improving the material's characteristics to protect the surface from bacteria, molds, and fungi. Its technology does not impact any of the original features of the material and the antibacterial property lasts a lifetime. The company's technology can be used for roughly any application, for example for toilet seats, mobile phones, light switches, hospital beds, medical devices, remote controls, door handles, refrigerators, and packaging materials.

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