Manaris 2010 (Manaris 2010) Days Inventory : 58.08 (As of Mar. 2009)

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What is Manaris 2010 Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Manaris 2010's Average Total Inventories for the three months ended in Mar. 2009 was $2.23 Mil. Manaris 2010's Cost of Goods Sold for the three months ended in Mar. 2009 was $3.50 Mil. Hence, Manaris 2010's Days Inventory for the three months ended in Mar. 2009 was 58.08.

The historical rank and industry rank for Manaris 2010's Days Inventory or its related term are showing as below:

AVNY's Days Inventory is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 69.33
* Ranked among companies with meaningful Days Inventory only.

Manaris 2010's Days Inventory increased from Mar. 2008 (53.65) to Mar. 2009 (58.08). It might indicate that Manaris 2010's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Manaris 2010's Inventory Turnover for the three months ended in Mar. 2009 was 1.57.

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. Manaris 2010's Inventory-to-Revenue for the three months ended in Mar. 2009 was 0.41.

Manaris 2010 Days Inventory Historical Data

The historical data trend for Manaris 2010'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.

Manaris 2010 Days Inventory Chart

Manaris 2010 Annual Data

Trend

Jun02

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Days Inventory

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86.01

91.53

62.71

53.03

48.74

Manaris 2010 Quarterly Data
	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09
Days Inventory	Get a 7-Day Free Trial															53.65	46.77	52.13	58.69	58.08

Competitive Comparison of Manaris 2010's Days Inventory

For the Shell Companies subindustry, Manaris 2010'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.

Manaris 2010's Days Inventory Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Manaris 2010's Days Inventory distribution charts can be found below:

* The bar in red indicates where Manaris 2010's Days Inventory falls into.

Manaris 2010 Days Inventory Calculation

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

Manaris 2010's Days Inventory for the fiscal year that ended in Jun. 2008 is calculated as

	Days Inventory (A: Jun. 2008 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2007 )	+	Total Inventories (A: Jun. 2008 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2008 )	*	Days in Period
=	( (1.479	+	2.179)	/	2 )	/	13.698	*	365
=	1.829					/	13.698	*	365
=	48.74

Manaris 2010's Days Inventory for the quarter that ended in Mar. 2009 is calculated as:

	Days Inventory (Q: Mar. 2009 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2008 )	+	Total Inventories (Q: Mar. 2009 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2009 )	*	Days in Period
=	( (2.311	+	2.139)	/	2 )	/	3.496	*	365 / 4
=	2.225					/	3.496	*	365 / 4
=	58.08

Manaris 2010 (OTCPK:AVNY) 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.

Manaris 2010's Inventory Turnover for the three months ended in Mar. 2009 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.496	/	2.225
	=	1.57

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.

Manaris 2010's Inventory to Revenue for the three months ended in Mar. 2009 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.225	/	5.41
	=	0.41

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.

Manaris 2010 Days Inventory Related Terms

Thank you for viewing the detailed overview of Manaris 2010's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Manaris 2010 (Manaris 2010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Manaris 2010 Corp (OTCPK:AVNY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Montpellier Boulevard, Montreal, QC, CAN, H4N 2G7

Website

Manaris 2010 Corp is a shell company with no operations.

Executives

Cherry Lim

director

740, ST-MAURICE STREET, SUITE 102, MONTREAL A8 H3C 1L5

Manaris 2010 (Manaris 2010) Headlines

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