In recent years, having the advantages of being small, low in cost and high in efficiency, Half-wave resonant type, (having only one output diode), is used in ZVS Half-Bridge DC/DC converter. This paper presents the operation mode by multi-resonant factors in the Half-wave type multi-resonant converter with direct Buck chopper circuit operated in discontinuous current mode. To study the characteristics of a multi-resonant operation in steady-state, the characteristic impedances in each mode and safe operation-region(S.O.R) are reported. Computer simulation and experimental data are also riven to verify the theoretical results.