MHM Automation (NZSE:MHM) Days Inventory : 47.49 (As of Jun. 2023)

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What is MHM Automation Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MHM Automation's Average Total Inventories for the six months ended in Jun. 2023 was NZ$7.98 Mil. MHM Automation's Cost of Goods Sold for the six months ended in Jun. 2023 was NZ$30.65 Mil. Hence, MHM Automation's Days Inventory for the six months ended in Jun. 2023 was 47.49.

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

NZSE:MHM' s Days Inventory Range Over the Past 10 Years
Min: 16.61 Med: 46.35 Max: 196.13
Current: 38.82

During the past 13 years, MHM Automation's highest Days Inventory was 196.13. The lowest was 16.61. And the median was 46.35.

NZSE:MHM's Days Inventory is not ranked
in the Industrial Products industry.
Industry Median: 121.445 vs NZSE:MHM: 38.82

MHM Automation's Days Inventory increased from Jun. 2022 (15.89) to Jun. 2023 (47.49). It might indicate that MHM Automation'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. MHM Automation's Inventory Turnover for the six months ended in Jun. 2023 was 3.84.

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. MHM Automation's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.15.

MHM Automation Days Inventory Historical Data

The historical data trend for MHM Automation'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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MHM Automation Days Inventory Chart

MHM Automation Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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24.43

26.53

24.30

16.61

52.24

MHM Automation Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															21.79	20.61	15.89	13.64	47.49

Competitive Comparison of MHM Automation's Days Inventory

For the Specialty Industrial Machinery subindustry, MHM Automation'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.

MHM Automation's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, MHM Automation's Days Inventory distribution charts can be found below:

* The bar in red indicates where MHM Automation's Days Inventory falls into.

MHM Automation Days Inventory Calculation

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

MHM Automation'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
=	( (1.972	+	14.109)	/	2 )	/	56.183	*	365
=	8.0405					/	56.183	*	365
=	52.24

MHM Automation's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1.844	+	14.109)	/	2 )	/	30.651	*	365 / 2
=	7.9765					/	30.651	*	365 / 2
=	47.49

MHM Automation (NZSE:MHM) 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.

MHM Automation's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	30.651	/	7.9765
	=	3.84

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.

MHM Automation's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.9765	/	53.888
	=	0.15

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.

MHM Automation Days Inventory Related Terms

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

MHM Automation (NZSE:MHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MHM Automation Ltd (NZSE:MHM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

53 Lunns Road, Middleton, Christchurch, CT, NZL, 8042

Website

https://www.mhmautomation.com

MHM Automation Ltd is engaged in designing and supplying automated systems and equipment for food processing and logistics sectors. The product portfolio includes reverse packaging and materials handling equipment, chilling and freezing systems, and equipment for dairy and food processing.

MHM Automation (NZSE:MHM) Headlines

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