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Micro-Star International Co (TPE:2377) Days Inventory : 72.33 (As of Dec. 2023)


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What is Micro-Star International Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Micro-Star International Co's Average Total Inventories for the three months ended in Dec. 2023 was NT$34,771 Mil. Micro-Star International Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$43,863 Mil. Hence, Micro-Star International Co's Days Inventory for the three months ended in Dec. 2023 was 72.33.

The historical rank and industry rank for Micro-Star International Co's Days Inventory or its related term are showing as below:

TPE:2377' s Days Inventory Range Over the Past 10 Years
Min: 65.58   Med: 72.18   Max: 79.33
Current: 73.36

During the past 13 years, Micro-Star International Co's highest Days Inventory was 79.33. The lowest was 65.58. And the median was 72.18.

TPE:2377's Days Inventory is ranked better than
67.51% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs TPE:2377: 73.36

Micro-Star International Co's Days Inventory declined from Dec. 2022 (72.98) to Dec. 2023 (72.33).

Inventory Turnover measures how fast the company turns over its inventory within a year. Micro-Star International Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.26.

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. Micro-Star International Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.71.


Micro-Star International Co Days Inventory Historical Data

The historical data trend for Micro-Star International Co'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.

Micro-Star International Co Days Inventory Chart

Micro-Star International Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 77.76 72.90 73.00 79.33 71.45

Micro-Star International Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.98 70.92 79.55 73.20 72.33

Competitive Comparison of Micro-Star International Co's Days Inventory

For the Computer Hardware subindustry, Micro-Star International Co'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.


Micro-Star International Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Micro-Star International Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Micro-Star International Co's Days Inventory falls into.



Micro-Star International Co Days Inventory Calculation

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

Micro-Star International Co'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
=( (29295.155 + 33395.003) / 2 ) / 160120.037*365
=31345.079 / 160120.037*365
=71.45

Micro-Star International Co'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
=( (36146.504 + 33395.003) / 2 ) / 43863.253*365 / 4
=34770.7535 / 43863.253*365 / 4
=72.33

* 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.


Micro-Star International Co  (TPE:2377) 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.

Micro-Star International Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Micro-Star International Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=34770.7535 / 49154.981
=0.71

* 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.


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.


Micro-Star International Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Micro-Star International Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Micro-Star International Co (TPE:2377) Business Description

Traded in Other Exchanges
N/A
Address
No. 69, Lide Street, Zhonghe District, New Taipei, TWN, 235
Micro-Star International Co Ltd is a manufacturer and distributor of computer hardware products, particularly gaming laptops and hardware. Its other products include laptops, motherboards, graphics cards, all-in-one PCs, mobile workstations, barebone computers, servers, multimedia peripherals to vehicle infotainment solutions, smart cleaning robots, and Wi-Fi cameras.

Micro-Star International Co (TPE:2377) Headlines

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