Major Drilling Group International (TSX:MDI) Days Inventory : 69.45 (As of Oct. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Major Drilling Group International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Major Drilling Group International's Average Total Inventories for the three months ended in Oct. 2023 was C$117.7 Mil. Major Drilling Group International's Cost of Goods Sold for the three months ended in Oct. 2023 was C$154.6 Mil. Hence, Major Drilling Group International's Days Inventory for the three months ended in Oct. 2023 was 69.45.

The historical rank and industry rank for Major Drilling Group International's Days Inventory or its related term are showing as below:

TSX:MDI' s Days Inventory Range Over the Past 10 Years
Min: 65.18 Med: 107.86 Max: 123.42
Current: 74.52

During the past 13 years, Major Drilling Group International's highest Days Inventory was 123.42. The lowest was 65.18. And the median was 107.86.

TSX:MDI's Days Inventory is ranked better than
58.97% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs TSX:MDI: 74.52

Major Drilling Group International's Days Inventory increased from Oct. 2022 (62.85) to Oct. 2023 (69.45). It might indicate that Major Drilling Group International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Major Drilling Group International's Inventory Turnover for the three months ended in Oct. 2023 was 1.31.

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. Major Drilling Group International's Inventory-to-Revenue for the three months ended in Oct. 2023 was 0.57.

Major Drilling Group International Days Inventory Historical Data

The historical data trend for Major Drilling Group International'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.

Major Drilling Group International Days Inventory Chart

Major Drilling Group International Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Inventory

Get a 7-Day Free Trial

94.51

99.58

91.95

65.18

69.20

Major Drilling Group International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															81.09	74.47	70.38	69.45	95.50

Competitive Comparison of Major Drilling Group International's Days Inventory

For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.

Major Drilling Group International's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Major Drilling Group International's Days Inventory falls into.

Major Drilling Group International Days Inventory Calculation

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

Major Drilling Group International's Days Inventory for the fiscal year that ended in Apr. 2023 is calculated as

	Days Inventory (A: Apr. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (96.782	+	115.128)	/	2 )	/	558.841	*	365
=	105.955					/	558.841	*	365
=	69.20

Major Drilling Group International's Days Inventory for the quarter that ended in Oct. 2023 is calculated as:

	Days Inventory (Q: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (116.063	+	119.242)	/	2 )	/	154.59	*	365 / 4
=	117.6525					/	154.59	*	365 / 4
=	69.45

Major Drilling Group International (TSX:MDI) 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.

Major Drilling Group International's Inventory Turnover for the three months ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	154.59	/	117.6525
	=	1.31

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.

Major Drilling Group International's Inventory to Revenue for the three months ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	117.6525	/	206.951
	=	0.57

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.

Major Drilling Group International Days Inventory Related Terms

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

Major Drilling Group International (TSX:MDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Major Drilling Group International Inc (TSX:MDI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MJDLF:USA 3MJ:Germany

Address

111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7

Website

https://www.majordrilling.com

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which most of its revenue comes from Canada - the United States.

Major Drilling Group International (TSX:MDI) Headlines

No Headlines