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Mercury Ev-Tech (BOM:531357) Days Inventory : 42.72 (As of Dec. 2024)


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What is Mercury Ev-Tech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mercury Ev-Tech's Average Total Inventories for the three months ended in Dec. 2024 was ₹122.4 Mil. Mercury Ev-Tech's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹261.4 Mil. Hence, Mercury Ev-Tech's Days Inventory for the three months ended in Dec. 2024 was 42.72.

The historical rank and industry rank for Mercury Ev-Tech's Days Inventory or its related term are showing as below:

BOM:531357' s Days Inventory Range Over the Past 10 Years
Min: 68.35   Med: 436.36   Max: 809.5
Current: 68.35

During the past 13 years, Mercury Ev-Tech's highest Days Inventory was 809.50. The lowest was 68.35. And the median was 436.36.

BOM:531357's Days Inventory is ranked better than
60.17% of 1278 companies
in the Vehicles & Parts industry
Industry Median: 80.39 vs BOM:531357: 68.35

Mercury Ev-Tech's Days Inventory declined from Dec. 2023 (290.61) to Dec. 2024 (42.72).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mercury Ev-Tech's Inventory Turnover for the three months ended in Dec. 2024 was 2.14.

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. Mercury Ev-Tech's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.34.


Mercury Ev-Tech Days Inventory Historical Data

The historical data trend for Mercury Ev-Tech'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.

Mercury Ev-Tech Days Inventory Chart

Mercury Ev-Tech Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 226.02 159.25

Mercury Ev-Tech Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 290.61 127.74 289.06 75.01 42.72

Competitive Comparison of Mercury Ev-Tech's Days Inventory

For the Auto Manufacturers subindustry, Mercury Ev-Tech'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.


Mercury Ev-Tech's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mercury Ev-Tech's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mercury Ev-Tech's Days Inventory falls into.


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Mercury Ev-Tech Days Inventory Calculation

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

Mercury Ev-Tech's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

Days Inventory (A: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (73.846 + 66.573) / 2 ) / 160.921*365
=70.2095 / 160.921*365
=159.25

Mercury Ev-Tech's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

Days Inventory (Q: Dec. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (122.399 + 0) / 1 ) / 261.442*365 / 4
=122.399 / 261.442*365 / 4
=42.72

* 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.


Mercury Ev-Tech  (BOM:531357) 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.

Mercury Ev-Tech's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

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.

Mercury Ev-Tech's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

* 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.


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.


Mercury Ev-Tech Days Inventory Related Terms

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


Mercury Ev-Tech Business Description

Traded in Other Exchanges
N/A
Address
367-368, GIDC, Por, Village – Por, District Vadodara, Vadodara, GJ, IND, 391243
Mercury Ev-Tech Ltd is engaged in the manufacturing of Electric scooters, Electric cars, Electric buses, Electric Vintage cars, Electric Golf cars, and Electric Vehicles in India. The company develops custom electric vehicles for a wide range of applications for the hospitality, industry, golf courses, clubs and resorts, etc.

Mercury Ev-Tech Headlines

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