Marti Technologies (Marti Technologies) Days Inventory : 20.97 (As of Dec. 2023)

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What is Marti Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Marti Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $2.98 Mil. Marti Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $12.98 Mil. Hence, Marti Technologies's Days Inventory for the three months ended in Dec. 2023 was 20.97.

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

MRT' s Days Inventory Range Over the Past 10 Years
Min: 2.91 Med: 18.22 Max: 84.38
Current: 84.38

During the past 4 years, Marti Technologies's highest Days Inventory was 84.38. The lowest was 2.91. And the median was 18.22.

MRT's Days Inventory is ranked worse than
76.55% of 1565 companies
in the Software industry
Industry Median: 19.64 vs MRT: 84.38

Marti Technologies's Days Inventory increased from Dec. 2021 (18.57) to Dec. 2023 (20.97). It might indicate that Marti Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Marti Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 4.35.

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. Marti Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.29.

Marti Technologies Days Inventory Historical Data

The historical data trend for Marti Technologies'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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Marti Technologies Days Inventory Chart

Marti Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

2.91

10.15

26.29

39.77

Marti Technologies Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial			18.57	-	17.75	-	20.97

Competitive Comparison of Marti Technologies's Days Inventory

For the Software - Application subindustry, Marti Technologies'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.

Marti Technologies's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Marti Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Marti Technologies's Days Inventory falls into.

Marti Technologies Days Inventory Calculation

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

Marti Technologies'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
=	( (3.036	+	2.325)	/	2 )	/	24.603	*	365
=	2.6805					/	24.603	*	365
=	39.77

Marti Technologies'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
=	( (3.64	+	2.325)	/	2 )	/	12.978	*	365 / 4
=	2.9825					/	12.978	*	365 / 4
=	20.97

Marti Technologies (AMEX:MRT) 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.

Marti Technologies's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.978	/	2.9825
	=	4.35

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.

Marti Technologies's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.9825	/	10.299
	=	0.29

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.

Marti Technologies Days Inventory Related Terms

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

Marti Technologies (Marti Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Marti Technologies Inc (AMEX:MRT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 S Street NW, Suite 320, Washington, DC, USA, 20009

Website

https://www.marti.tech

Marti Technologies Inc is a mobility app, operating a fleet of over 48,000 e-mopeds, e-bikes, and e-scooters, serviced by proprietary software systems and IoT infrastructure.

Executives

Adam S Metz	director	110 NORTH WACKER DRIVE, CHICAGO IL 60606
Shelley Guiley	director	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Kemal Kaya	director, officer: Chief Executive Officer	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Michael Tanzer	officer: Chief Financial Officer	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Daniel Freifeld	director, 10 percent owner, officer: President and CIO	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Galata Acquisition Sponsor Llc	10 percent owner	2001 S STREET NW, SUITE 320, WASHINGTON DC 20009
Timothy Michael Shannon	director	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009