MJL Bangladesh (DHA:MJLBD) Days Inventory : 39.30 (As of Dec. 2023)

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What is MJL Bangladesh Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MJL Bangladesh's Average Total Inventories for the three months ended in Dec. 2023 was BDT3,302 Mil. MJL Bangladesh's Cost of Goods Sold for the three months ended in Dec. 2023 was BDT7,667 Mil. Hence, MJL Bangladesh's Days Inventory for the three months ended in Dec. 2023 was 39.30.

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

DHA:MJLBD' s Days Inventory Range Over the Past 10 Years
Min: 50.37 Med: 55.25 Max: 109.86
Current: 52.24

During the past 13 years, MJL Bangladesh's highest Days Inventory was 109.86. The lowest was 50.37. And the median was 55.25.

DHA:MJLBD's Days Inventory is ranked worse than
69.45% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs DHA:MJLBD: 52.24

MJL Bangladesh's Days Inventory declined from Dec. 2022 (59.81) to Dec. 2023 (39.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. MJL Bangladesh's Inventory Turnover for the three months ended in Dec. 2023 was 2.32.

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. MJL Bangladesh's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.35.

MJL Bangladesh Days Inventory Historical Data

The historical data trend for MJL Bangladesh'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.

MJL Bangladesh Days Inventory Chart

MJL Bangladesh Annual Data

Trend

Dec13

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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54.82

58.43

55.14

52.80

55.36

MJL Bangladesh 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															59.81	61.06	63.43	53.04	39.30

Competitive Comparison of MJL Bangladesh's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, MJL Bangladesh'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.

MJL Bangladesh's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MJL Bangladesh's Days Inventory distribution charts can be found below:

* The bar in red indicates where MJL Bangladesh's Days Inventory falls into.

MJL Bangladesh Days Inventory Calculation

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

MJL Bangladesh's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (3101.879	+	4262.036)	/	2 )	/	24273.957	*	365
=	3681.9575					/	24273.957	*	365
=	55.36

MJL Bangladesh'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
=	( (3385.46	+	3219.163)	/	2 )	/	7667.013	*	365 / 4
=	3302.3115					/	7667.013	*	365 / 4
=	39.30

MJL Bangladesh (DHA:MJLBD) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7667.013	/	3302.3115
	=	2.32

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3302.3115	/	9366.149
	=	0.35

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.

MJL Bangladesh Days Inventory Related Terms

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

MJL Bangladesh (DHA:MJLBD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MJL Bangladesh PLC (DHA:MJLBD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bir Uttam Mir Shawkat Sarak, Mobil House, CWS(A) 13/A, Gulshan Avenue, Dhaka, BGD, 1212

Website

https://www.mjlbl.com

MJL Bangladesh PLC is engaged in the process, manufacture trade of lubricants, blending, marketing of lubricants and grease products. the company has bifurcated the revenues in Oil Tanker, the Manufacturing Unit, which generates the majority of revenue, and Trading Unit. Its automotive lubricants include Car Engine Oils, Motorcycle Engine Oils, Bus & Truck Engine Oils, Gear Oils, and Others. It also produces Industrial & Specialty Lubricants which includes Greases, Compressor Oils, Aviation Products, and others. It serves various industries, some of which include agriculture, automotive, construction, natural gas, and commercial industries. The majority of the revenue is generated from the domestic market but the company also exports some of its products in the International market.

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