Measurement Specialties (FRA:MEG) Days Inventory : 108.73 (As of Jun. 2014)

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What is Measurement Specialties Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Measurement Specialties's Average Total Inventories for the three months ended in Jun. 2014 was €60.0 Mil. Measurement Specialties's Cost of Goods Sold for the three months ended in Jun. 2014 was €50.3 Mil. Hence, Measurement Specialties's Days Inventory for the three months ended in Jun. 2014 was 108.73.

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

FRA:MEG' s Days Inventory Range Over the Past 10 Years
Min: 61.26 Med: 101.27 Max: 166.8
Current: 106.31

During the past 13 years, Measurement Specialties's highest Days Inventory was 166.80. The lowest was 61.26. And the median was 101.27.

FRA:MEG's Days Inventory is not ranked
in the Hardware industry.
Industry Median: 101.605 vs FRA:MEG: 106.31

Measurement Specialties's Days Inventory increased from Jun. 2013 (93.57) to Jun. 2014 (108.73). It might indicate that Measurement Specialties's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Measurement Specialties's Inventory Turnover for the three months ended in Jun. 2014 was 0.84.

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. Measurement Specialties's Inventory-to-Revenue for the three months ended in Jun. 2014 was 0.71.

Measurement Specialties Days Inventory Historical Data

The historical data trend for Measurement Specialties'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.

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Measurement Specialties Days Inventory Chart

Measurement Specialties Annual Data

Trend

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Days Inventory

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126.98

107.64

104.13

100.27

97.08

Measurement Specialties Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Days Inventory	Get a 7-Day Free Trial															93.57	101.31	102.59	103.79	108.73

Competitive Comparison of Measurement Specialties's Days Inventory

For the Scientific & Technical Instruments subindustry, Measurement Specialties'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.

Measurement Specialties's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Measurement Specialties's Days Inventory distribution charts can be found below:

* The bar in red indicates where Measurement Specialties's Days Inventory falls into.

Measurement Specialties Days Inventory Calculation

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

Measurement Specialties's Days Inventory for the fiscal year that ended in Mar. 2014 is calculated as

	Days Inventory (A: Mar. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2013 )	+	Total Inventories (A: Mar. 2014 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2014 )	*	Days in Period
=	( (43.22	+	49.366)	/	2 )	/	174.055	*	365
=	46.293					/	174.055	*	365
=	97.08

Measurement Specialties's Days Inventory for the quarter that ended in Jun. 2014 is calculated as:

	Days Inventory (Q: Jun. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2014 )	+	Total Inventories (Q: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
=	( (49.366	+	70.613)	/	2 )	/	50.343	*	365 / 4
=	59.9895					/	50.343	*	365 / 4
=	108.73

Measurement Specialties (FRA:MEG) 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.

Measurement Specialties's Inventory Turnover for the three months ended in Jun. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	50.343	/	59.9895
	=	0.84

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.

Measurement Specialties's Inventory to Revenue for the three months ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	59.9895	/	83.999
	=	0.71

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.

Measurement Specialties Days Inventory Related Terms

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

Measurement Specialties (FRA:MEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Measurement Specialties Inc (FRA:MEG) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.meas-spec.com

Measurement Specialties, Inc. is a New Jersey corporation organized in 1981. The Company is engaged in the design, development and manufacture of sensors and sensor-based systems for original equipment manufacturers (OEM) and end users, based on a broad portfolio of proprietary technology and typically characterized by the MEAS brand name. The Company is a multi-national corporation with fifteen main manufacturing facilities strategically located in the United States, China and Europe, enabling the Company to produce and market an array of sensors that use advanced technologies to measure precise ranges of physical characteristics. These sensors are used for engine and vehicle, medical, general industrial, consumer and home appliance, military/aerospace, and test and measurement applications. The Company's products include sensors for measuring pressure, linear/rotary position, force, torque, piezoelectric polymer film sensors, custom microstructures, load cells, vibrations and acceleration, optical absorption, humidity, gas concentration, gas flow rate, temperature, fluid properties and fluid level. The Company's advanced technologies include piezoresistive silicon, polymer and ceramic piezoelectric materials, application specific integrated circuits, micro-electromechanical systems ('MEMS'), foil strain gauges, electromagnetic force balance systems, fluid capacitive devices, linear and rotational variable differential transformers, anisotropic magneto-resistive devices, electromagnetic displacement sensors, hygroscopic capacitive structures, ultrasonic measurement systems, optical measurement systems, negative thermal coefficient ('NTC') ceramic sensors, 3-6 DOF (degree of freedom) force/torque structures, complex mechanical resonators, magnetic reed switches, high frequency multipoint scanning algorithms, and high precision submersible hydrostatic level detection. The Company's competitors include small independent companies and divisions of large corporations such as Danaher, General Electric, Schneider-Electric and Honeywell.