Millat Tractors (KAR:MTL) Days Inventory : 81.32 (As of Mar. 2024)

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What is Millat Tractors Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Millat Tractors's Average Total Inventories for the three months ended in Mar. 2024 was ₨16,608 Mil. Millat Tractors's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨18,636 Mil. Hence, Millat Tractors's Days Inventory for the three months ended in Mar. 2024 was 81.32.

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

KAR:MTL' s Days Inventory Range Over the Past 10 Years
Min: 64.65 Med: 73.22 Max: 107
Current: 79.4

During the past 13 years, Millat Tractors's highest Days Inventory was 107.00. The lowest was 64.65. And the median was 73.22.

KAR:MTL's Days Inventory is ranked better than
77.94% of 204 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 132.7 vs KAR:MTL: 79.40

Millat Tractors's Days Inventory declined from Mar. 2023 (88.38) to Mar. 2024 (81.32).

Inventory Turnover measures how fast the company turns over its inventory within a year. Millat Tractors's Inventory Turnover for the three months ended in Mar. 2024 was 1.12.

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. Millat Tractors's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.66.

Millat Tractors Days Inventory Historical Data

The historical data trend for Millat Tractors'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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Millat Tractors Days Inventory Chart

Millat Tractors Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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73.95

91.19

64.65

69.63

107.00

Millat Tractors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															88.38	101.66	62.75	72.61	81.32

Competitive Comparison of Millat Tractors's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Millat Tractors'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.

Millat Tractors's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Millat Tractors's Days Inventory distribution charts can be found below:

* The bar in red indicates where Millat Tractors's Days Inventory falls into.

Millat Tractors Days Inventory Calculation

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

Millat Tractors's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (9260.384	+	12278.126)	/	2 )	/	36734.913	*	365
=	10769.255					/	36734.913	*	365
=	107.00

Millat Tractors's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (15465.589	+	17750.864)	/	2 )	/	18636.382	*	365 / 4
=	16608.2265					/	18636.382	*	365 / 4
=	81.32

Millat Tractors (KAR:MTL) 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.

Millat Tractors's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18636.382	/	16608.2265
	=	1.12

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.

Millat Tractors's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16608.2265	/	25308.487
	=	0.66

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.

Millat Tractors Days Inventory Related Terms

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Millat Tractors (KAR:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Millat Tractors Ltd (KAR:MTL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-KM Sheikhupura Road, Shahdara, P.O Box No. 12023, District Sheikhupura, Lahore, PAK

Website

https://www.millat.com.pk

Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing agricultural tractors, implements and multi-application products. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.