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Mahan Industries (BOM:531515) Days Inventory : 202.34 (As of Dec. 2023)


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What is Mahan Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mahan Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹0.97 Mil. Mahan Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.44 Mil. Hence, Mahan Industries's Days Inventory for the three months ended in Dec. 2023 was 202.34.

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

BOM:531515' s Days Inventory Range Over the Past 10 Years
Min: 45.54   Med: 147.41   Max: 1251.43
Current: 69.03

During the past 13 years, Mahan Industries's highest Days Inventory was 1251.43. The lowest was 45.54. And the median was 147.41.

BOM:531515's Days Inventory is ranked better than
51.19% of 168 companies
in the Asset Management industry
Industry Median: 75.885 vs BOM:531515: 69.03

Mahan Industries's Days Inventory increased from Dec. 2022 (88.48) to Dec. 2023 (202.34). It might indicate that Mahan Industries's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mahan Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.45.

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. Mahan Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.94.


Mahan Industries Days Inventory Historical Data

The historical data trend for Mahan Industries'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.

Mahan Industries Days Inventory Chart

Mahan Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 201.25 93.57 48.15 51.46 45.54

Mahan Industries 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 88.48 41.41 74.36 42.15 202.34

Competitive Comparison of Mahan Industries's Days Inventory

For the Asset Management subindustry, Mahan Industries'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.


Mahan Industries's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mahan Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mahan Industries's Days Inventory falls into.



Mahan Industries Days Inventory Calculation

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

Mahan Industries's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (1.205 + 1.259) / 2 ) / 9.875*365
=1.232 / 9.875*365
=45.54

Mahan Industries'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
=( (0.969 + 0) / 1 ) / 0.437*365 / 4
=0.969 / 0.437*365 / 4
=202.34

* 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.


Mahan Industries  (BOM:531515) 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.

Mahan Industries'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.

Mahan Industries'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.


Mahan Industries Days Inventory Related Terms

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


Mahan Industries (BOM:531515) Business Description

Traded in Other Exchanges
N/A
Address
Near Mithakhali Under Bridge, 3rd Floor, D. K. House, Mithakhali, Ahmedabad, GJ, IND, 380006
Mahan Industries Ltd is an investment company. It is engaged in the business of investment in quoted and unquoted shares and trading in shares. The company provides equity capital to the companies and also offers loans and debts to companies, business entities and high net worth individuals. The company invests in middle-market companies.

Mahan Industries (BOM:531515) Headlines

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