Magson Retail and Distribution (NSE:MAGSON) Days Inventory : 67.37 (As of Sep. 2023)

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What is Magson Retail and Distribution Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Magson Retail and Distribution's Average Total Inventories for the six months ended in Sep. 2023 was ₹95.1 Mil. Magson Retail and Distribution's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹257.7 Mil. Hence, Magson Retail and Distribution's Days Inventory for the six months ended in Sep. 2023 was 67.37.

The historical rank and industry rank for Magson Retail and Distribution's Days Inventory or its related term are showing as below:

NSE:MAGSON' s Days Inventory Range Over the Past 10 Years
Min: 58.43 Med: 59.56 Max: 71.61
Current: 71.61

During the past 3 years, Magson Retail and Distribution's highest Days Inventory was 71.61. The lowest was 58.43. And the median was 59.56.

NSE:MAGSON's Days Inventory is ranked worse than
79.54% of 303 companies
in the Retail - Defensive industry
Industry Median: 35.95 vs NSE:MAGSON: 71.61

Magson Retail and Distribution's Days Inventory increased from Sep. 2022 (51.75) to Sep. 2023 (67.37). It might indicate that Magson Retail and Distribution'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. Magson Retail and Distribution's Inventory Turnover for the six months ended in Sep. 2023 was 2.71.

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. Magson Retail and Distribution's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.28.

Magson Retail and Distribution Days Inventory Historical Data

The historical data trend for Magson Retail and Distribution'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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Magson Retail and Distribution Days Inventory Chart

Magson Retail and Distribution Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

58.43

59.56

65.02

Magson Retail and Distribution Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Days Inventory	-	-	51.75	77.63	67.37

Competitive Comparison of Magson Retail and Distribution's Days Inventory

For the Grocery Stores subindustry, Magson Retail and Distribution'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.

Magson Retail and Distribution's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magson Retail and Distribution's Days Inventory distribution charts can be found below:

* The bar in red indicates where Magson Retail and Distribution's Days Inventory falls into.

Magson Retail and Distribution Days Inventory Calculation

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

Magson Retail and Distribution'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
=	( (61.155	+	96.646)	/	2 )	/	442.888	*	365
=	78.9005					/	442.888	*	365
=	65.02

Magson Retail and Distribution's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (96.646	+	93.631)	/	2 )	/	257.719	*	365 / 2
=	95.1385					/	257.719	*	365 / 2
=	67.37

Magson Retail and Distribution (NSE:MAGSON) 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.

Magson Retail and Distribution's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	257.719	/	95.1385
	=	2.71

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.

Magson Retail and Distribution's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	95.1385	/	345.907
	=	0.28

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.

Magson Retail and Distribution Days Inventory Related Terms

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Magson Retail and Distribution (NSE:MAGSON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magson Retail and Distribution Ltd (NSE:MAGSON) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Judges Bungalows Cross Roads, 204-B, Primate Complex, Opposite Mother Milk Palace, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.magson.in

Magson Retail and Distribution Ltd is engaged in the retail and Distribution business of gourmet, frozen food, and specialty foods. The company operates retail stores through and own stores, jointly owned stores, and a franchise model under its brand name 'MagSon'. In addition, the company has a separate chocolate store that is operated under the brand name 'My Chocolate World'.

Magson Retail and Distribution (NSE:MAGSON) Headlines

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