M3 Technology (TPE:6799) Days Inventory : 117.14 (As of Mar. 2024)

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What is M3 Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). M3 Technology's Average Total Inventories for the three months ended in Mar. 2024 was NT$161 Mil. M3 Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$125 Mil. Hence, M3 Technology's Days Inventory for the three months ended in Mar. 2024 was 117.14.

The historical rank and industry rank for M3 Technology's Days Inventory or its related term are showing as below:

TPE:6799' s Days Inventory Range Over the Past 10 Years
Min: 74.47 Med: 93.09 Max: 132.46
Current: 113.32

During the past 8 years, M3 Technology's highest Days Inventory was 132.46. The lowest was 74.47. And the median was 93.09.

TPE:6799's Days Inventory is ranked better than
56.78% of 944 companies
in the Semiconductors industry
Industry Median: 130.215 vs TPE:6799: 113.32

M3 Technology's Days Inventory declined from Mar. 2023 (140.81) to Mar. 2024 (117.14).

Inventory Turnover measures how fast the company turns over its inventory within a year. M3 Technology's Inventory Turnover for the three months ended in Mar. 2024 was 0.78.

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. M3 Technology's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.72.

M3 Technology Days Inventory Historical Data

The historical data trend for M3 Technology'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.

M3 Technology Days Inventory Chart

M3 Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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76.45

74.47

88.96

111.04

124.23

M3 Technology Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															140.81	115.45	106.38	128.12	117.14

Competitive Comparison of M3 Technology's Days Inventory

For the Semiconductors subindustry, M3 Technology'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.

M3 Technology's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, M3 Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where M3 Technology's Days Inventory falls into.

M3 Technology Days Inventory Calculation

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

M3 Technology'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
=	( (194.324	+	180.988)	/	2 )	/	551.374	*	365
=	187.656					/	551.374	*	365
=	124.23

M3 Technology's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (180.988	+	140.571)	/	2 )	/	125.246	*	365 / 4
=	160.7795					/	125.246	*	365 / 4
=	117.14

M3 Technology (TPE:6799) 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.

M3 Technology's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	125.246	/	160.7795
	=	0.78

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.

M3 Technology's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	160.7795	/	222.219
	=	0.72

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.

M3 Technology Days Inventory Related Terms

Thank you for viewing the detailed overview of M3 Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

M3 Technology (TPE:6799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » M3 Technology Inc (TPE:6799) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19, Lane 178, Ruihu Street, 2nd Floor, Neihu District, Taipei, TWN

Website

https://www.m3tekic.com

M3 Technology Inc is engaged in the design, testing, production, and marketing of analog and mixed-signal integrated circuits, and focuses on the design and sales of high-end power management ICs, providing high-efficiency, Power management IC chips with less inductance, stable voltage, and low interference.

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