MAS (JSE:MSP) Days Inventory : 19.71 (As of Jun. 2024)

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What is MAS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MAS's Average Total Inventories for the six months ended in Jun. 2024 was R32 Mil. MAS's Cost of Goods Sold for the six months ended in Jun. 2024 was R292 Mil. Hence, MAS's Days Inventory for the six months ended in Jun. 2024 was 19.71.

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

JSE:MSP' s Days Inventory Range Over the Past 10 Years
Min: 304.42 Med: 1240.02 Max: 10430.56
Current: 497.68

During the past 13 years, MAS's highest Days Inventory was 10430.56. The lowest was 304.42. And the median was 1240.02.

JSE:MSP's Days Inventory is ranked better than
58.96% of 1306 companies
in the Real Estate industry
Industry Median: 698.095 vs JSE:MSP: 497.68

MAS's Days Inventory declined from Jun. 2023 (783.29) to Jun. 2024 (19.71).

Inventory Turnover measures how fast the company turns over its inventory within a year. MAS's Inventory Turnover for the six months ended in Jun. 2024 was 9.26.

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. MAS's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.03.

MAS Days Inventory Historical Data

The historical data trend for MAS'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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MAS Days Inventory Chart

MAS Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Inventory

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8,071.15

10,430.56

3,936.60

879.64

778.47

MAS Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial															2,250.52	959.15	783.29	407.60	19.71

Competitive Comparison of MAS's Days Inventory

For the Real Estate - Diversified subindustry, MAS'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.

MAS's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, MAS's Days Inventory distribution charts can be found below:

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

MAS Days Inventory Calculation

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

MAS's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as

	Days Inventory (A: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (1195.118	+	0)	/	1 )	/	560.352	*	365
=	1195.118					/	560.352	*	365
=	778.47

MAS's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (31.556	+	0)	/	1 )	/	292.247	*	365 / 2
=	31.556					/	292.247	*	365 / 2
=	19.71

MAS (JSE:MSP) 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.

MAS's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	292.247	/	31.556
	=	9.26

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.

MAS's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	31.556	/	961.904
	=	0.03

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.

MAS Days Inventory Related Terms

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

MAS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » MAS PLC (JSE:MSP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abate Rigord Street, Suite 11, Penthouse Level, Marina Business Centre, Ta’ Xbiex, MLT, XBX1129

Website

https://www.masrei.com

MAS PLC is an internally managed green property investor and operator focused on retail properties in the Central and Eastern European (CEE) region. The company acquires, develops, and manages retail, office, industrial, and hotel properties. Its property portfolio includes Carolina Mall, Silk District Office, Arges Mall, and Pleiades Residence among others. The company's reportable segments are CEE direct assets (CEE), CEE development joint venture (DJV), WE direct assets (WE), and Corporate. Its key revenue is derived from the CEE direct assets (CEE) segment which includes income properties located in CEE fully owned and managed by the company. Geographically, the company derives maximum revenue from Romania, and the rest from Bulgaria, Poland, and Germany.