Days Inventory is also known as Days Sales of Inventory (DSI). MRC Global's Average Total Inventories for the
three
months ended in Dec. 2023 was $590 Mil. MRC Global's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $615 Mil.
Hence, MRC Global's Days Inventory for the
three
months ended in Dec. 2023 was 87.54.
The historical rank and industry rank for MRC Global's Days Inventory or its related term are showing as below:
MRC'
s Days Inventory Range Over the Past 10 Years
Min: 68.35 Med: 79.32 Max: 103.72
Current: 83.24
During the past 13 years, MRC Global's highest Days Inventory was 103.72. The lowest was 68.35. And the median was 79.32.
MRC's Days Inventory is ranked worse than 81.62% of 729
companies
in the Oil & Gas industry
Industry Median: 31.63
vs MRC: 83.24
MRC Global's Days Inventory
increased
from Dec. 2022 (74.57) to Dec. 2023 (87.54).
It might indicate that MRC Global's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
MRC Global's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.04.
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.
MRC Global's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.77.
MRC Global Days Inventory Historical Data
The historical data trend for MRC Global'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.
MRC Global Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
90.86
103.72
78.06
68.35
76.30
MRC Global Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
74.57
80.78
88.23
83.74
87.54
Competitive Comparison
For the Oil & Gas Equipment & Services subindustry, MRC Global'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.
MRC Global Days Inventory Distribution
For the Oil & Gas industry and Energy sector, MRC Global's Days Inventory distribution charts can be found below:
* The bar in red indicates where MRC Global's Days Inventory falls into.
MRC Global Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MRC Global's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
MRC Global (NYSE:MRC) 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.
MRC Global'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.
MRC Global's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
MRC Global Days Inventory Related Terms
Thank you for viewing the detailed overview of MRC Global's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.
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