Mercurity Fintech Holding (Mercurity Fintech Holding) Days Inventory : 0.00 (As of Dec. 2023)

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What is Mercurity Fintech Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mercurity Fintech Holding's Average Total Inventories for the three months ended in Dec. 2023 was $0.00 Mil. Mercurity Fintech Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil.

The historical rank and industry rank for Mercurity Fintech Holding's Days Inventory or its related term are showing as below:

During the past 12 years, Mercurity Fintech Holding's highest Days Inventory was 2.60. The lowest was 0.80. And the median was 1.70.

MFH's Days Inventory is not ranked ^*
in the Capital Markets industry.
Industry Median: 66.99
* Ranked among companies with meaningful Days Inventory only.

Mercurity Fintech Holding's Days Inventory stayed the same from Dec. 2021 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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.

Mercurity Fintech Holding Days Inventory Historical Data

The historical data trend for Mercurity Fintech Holding'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.

Mercurity Fintech Holding Days Inventory Chart

Mercurity Fintech Holding Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

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Dec23

Days Inventory

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Mercurity Fintech Holding Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Mercurity Fintech Holding's Days Inventory

For the Capital Markets subindustry, Mercurity Fintech Holding'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.

Mercurity Fintech Holding's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Mercurity Fintech Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mercurity Fintech Holding's Days Inventory falls into.

Mercurity Fintech Holding Days Inventory Calculation

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

Mercurity Fintech Holding'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	+	0)	/	1 )	/	1.424	*	365
=	0					/	1.424	*	365
=	0.00

Mercurity Fintech Holding'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	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Mercurity Fintech Holding (NAS:MFH) 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.

Mercurity Fintech Holding's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0
	=

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.

Mercurity Fintech Holding's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0
	=

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.

Mercurity Fintech Holding Days Inventory Related Terms

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Mercurity Fintech Holding (Mercurity Fintech Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mercurity Fintech Holding Inc (NAS:MFH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1330 Avenue of Americas, Fl 33, New York, NY, USA, 10019

Website

https://www.mercurityfintech.com

Mercurity Fintech Holding Inc is a digital fintech company powered by blockchain technology. The company's scope of business includes digital asset trading, asset digitization, cross-border remittance, and other services, providing compliant, professional, and efficient digital financial services to its customers. The group is also engaged in Bitcoin mining, digital currency investment, and trading, continuing its expansion to online and traditional brokerage services and other related fields.