Machino Plastics (BOM:523248) Days Inventory : 43.24 (As of Dec. 2023)

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What is Machino Plastics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Machino Plastics's Average Total Inventories for the three months ended in Dec. 2023 was ₹205 Mil. Machino Plastics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹432 Mil. Hence, Machino Plastics's Days Inventory for the three months ended in Dec. 2023 was 43.24.

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

BOM:523248' s Days Inventory Range Over the Past 10 Years
Min: 12.62 Med: 17.89 Max: 37.27
Current: 37.27

During the past 13 years, Machino Plastics's highest Days Inventory was 37.27. The lowest was 12.62. And the median was 17.89.

BOM:523248's Days Inventory is ranked better than
86.27% of 1253 companies
in the Vehicles & Parts industry
Industry Median: 80.85 vs BOM:523248: 37.27

Machino Plastics's Days Inventory increased from Dec. 2022 (37.93) to Dec. 2023 (43.24). It might indicate that Machino Plastics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Machino Plastics's Inventory Turnover for the three months ended in Dec. 2023 was 2.11.

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. Machino Plastics's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.25.

Machino Plastics Days Inventory Historical Data

The historical data trend for Machino Plastics'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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Machino Plastics Days Inventory Chart

Machino Plastics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

16.68

24.15

33.06

36.21

35.88

Machino Plastics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															37.93	30.61	40.65	41.69	43.24

Competitive Comparison of Machino Plastics's Days Inventory

For the Auto Parts subindustry, Machino Plastics'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.

Machino Plastics's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Machino Plastics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Machino Plastics's Days Inventory falls into.

Machino Plastics Days Inventory Calculation

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

Machino Plastics'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
=	( (197.063	+	223.739)	/	2 )	/	2140.479	*	365
=	210.401					/	2140.479	*	365
=	35.88

Machino Plastics's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (204.754	+	0)	/	1 )	/	432.139	*	365 / 4
=	204.754					/	432.139	*	365 / 4
=	43.24

Machino Plastics (BOM:523248) 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.

Machino Plastics's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	432.139	/	204.754
	=	2.11

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.

Machino Plastics's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	204.754	/	835.707
	=	0.25

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.

Machino Plastics Days Inventory Related Terms

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

Machino Plastics (BOM:523248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Machino Plastics Ltd (BOM:523248) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Delhi-Gurgaon Road, Plot No. 3, Maruti Joint Venture Complex, Udyog Vihar, Phase-IV, Gurgaon, HR, IND, 122015

Website

https://www.machino.com

Machino Plastics Ltd is an India-based automotive component manufacturing company. It is engaged in the manufacture of plastic injection moulded automotive components such as bumpers, dashboards, instruments panels, grills, and others, as original equipment and for the spare parts market. The company operates in the segment of Automotive injection molding plastic components. It derives principal revenue from the sale of products manufactured by it.

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