Master Components (NSE:MASTER) Days Inventory : 61.22 (As of Mar. 2023)

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What is Master Components Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Master Components's Average Total Inventories for the six months ended in Mar. 2023 was ₹27.0 Mil. Master Components's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹80.5 Mil. Hence, Master Components's Days Inventory for the six months ended in Mar. 2023 was 61.22.

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

NSE:MASTER' s Days Inventory Range Over the Past 10 Years
Min: 61.03 Med: 68.19 Max: 71.33
Current: 67.29

During the past 4 years, Master Components's highest Days Inventory was 71.33. The lowest was 61.03. And the median was 68.19.

NSE:MASTER's Days Inventory is ranked better than
61.48% of 366 companies
in the Packaging & Containers industry
Industry Median: 77.885 vs NSE:MASTER: 67.29

Master Components's Days Inventory increased from Mar. 2022 (0.00) to Mar. 2023 (61.22). It might indicate that Master Components's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Master Components's Inventory Turnover for the six months ended in Mar. 2023 was 2.98.

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. Master Components's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.26.

Master Components Days Inventory Historical Data

The historical data trend for Master Components'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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Master Components Days Inventory Chart

Master Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

61.03

71.33

67.10

69.27

Master Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
Days Inventory	-	-	-	71.83	61.22

Competitive Comparison of Master Components's Days Inventory

For the Packaging & Containers subindustry, Master Components'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.

Master Components's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Master Components's Days Inventory distribution charts can be found below:

* The bar in red indicates where Master Components's Days Inventory falls into.

Master Components Days Inventory Calculation

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

Master Components'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
=	( (31.406	+	27.2)	/	2 )	/	154.399	*	365
=	29.303					/	154.399	*	365
=	69.27

Master Components's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (26.789	+	27.2)	/	2 )	/	80.471	*	365 / 2
=	26.9945					/	80.471	*	365 / 2
=	61.22

Master Components (NSE:MASTER) 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.

Master Components's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	80.471	/	26.9945
	=	2.98

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.

Master Components's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.9945	/	104.939
	=	0.26

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.

Master Components Days Inventory Related Terms

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

Master Components (NSE:MASTER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Master Components Ltd (NSE:MASTER) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. D-10/A and D-10/B, M.I.D.C, Ambad, Nashik, MH, IND, 422010

Website

https://www.master-group.in/mastercomponents.html

Master Components Ltd is a company engaged in manufacturing plastic engineering components and subassemblies. Their product is a industrial capital goods and it undergoes stringent quality tests to meet industry standards before they are delivered to their clients. The company provides list of services such as Thermoplastic Injection Moulding, Thermoset Injection Moulding, Thermoset transfer moulding, Compression Moulding.

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