Manroy (LSE:MANA) Days Inventory: 213.87 (As of Mar. 2014) — 19% Above Median

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What is Manroy Days Inventory?

Manroy LSE:MANA Days Inventory is 213.87 as of Mar. 2014, which is 19% above its 10-year median of 179.46. The stock has 2 warning signs investors should review.

Days Inventory is also known as Days Sales of Inventory (DSI). Manroy's Average Total Inventories for the six months ended in Mar. 2014 was £3.48 Mil. Manroy's Cost of Goods Sold for the six months ended in Mar. 2014 was £2.97 Mil. Hence, Manroy's Days Inventory for the six months ended in Mar. 2014 was 213.87.

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

LSE:MANA' s Days Inventory Range Over the Past 10 Years
Min: 76.56   Med: 179.46   Max: 203.26
Current: 203.26

During the past 5 years, Manroy's highest Days Inventory was 203.26. The lowest was 76.56. And the median was 179.46.

LSE:MANA's Days Inventory is not ranked
in the Aerospace & Defense industry.
Industry Median: 139.17 vs LSE:MANA: 203.26

Manroy's Days Inventory increased from Mar. 2013 (208.93) to Mar. 2014 (213.87). It might indicate that Manroy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Manroy's Inventory Turnover for the six months ended in Mar. 2014 was 0.85.

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. Manroy's Inventory-to-Revenue for the six months ended in Mar. 2014 was 0.72.


Manroy  (LSE:MANA) 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.

Manroy's Inventory Turnover for the six months ended in Mar. 2014 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.

Manroy's Inventory to Revenue for the six months ended in Mar. 2014 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.


Manroy Days Inventory Related Terms


Manroy Days Inventory Historical Data

* Premium members only.

The historical data trend for Manroy'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.

Manroy Days Inventory Chart

Manroy Annual Data
Trend Sep09 Sep10 Sep11 Sep12 Sep13
Days Inventory
0.00 0.00 153.11 191.60 179.46

Manroy Semi-Annual Data
Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14
Days Inventory Get a 7-Day Free Trial 208.64 191.39 208.93 179.54 213.87

LSE:MANA vs DRNE, SDEV, SIF: Days Inventory Comparison

For the Aerospace & Defense subindustry, Manroy'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.


Manroy Days Inventory vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Manroy's Days Inventory distribution charts can be found below:

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



Manroy Days Inventory Calculation

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

Manroy's Days Inventory for the fiscal year that ended in Sep. 2013 is calculated as

Days Inventory (A: Sep. 2013 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Sep. 2012 ) + Total Inventories (A: Sep. 2013 )) / count ) / Cost of Goods Sold (A: Sep. 2013 )*Days in Period
=( (3.102 + 2.975) / 2 ) / 6.18*365
=3.0385 / 6.18*365
=179.46

Manroy's Days Inventory for the quarter that ended in Mar. 2014 is calculated as:

Days Inventory (Q: Mar. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2013 ) + Total Inventories (Q: Mar. 2014 )) / count ) / Cost of Goods Sold (Q: Mar. 2014 )*Days in Period
=( (2.975 + 3.979) / 2 ) / 2.967*365 / 2
=3.477 / 2.967*365 / 2
=213.87

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 213.87 mean?
Manroy (LSE:MANA) has a Days Inventory of 213.87 as of Mar. 2014. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Manroy and its competitors. This is 19% above median its historical median of 179.46. Over the past decade, Manroy's Days Inventory has ranged from 76.56 to 203.26.
Is Manroy's Days Inventory too high?
Manroy's current Days Inventory of 213.87 is 19% above median its 10-year median of 179.46. Over the past 10 years, this metric has ranged from a low of 76.56 to a high of 203.26. The Aerospace & Defense industry median Days Inventory is 139.17. Manroy's value of 213.87 is 53.7% above this industry median.
How does Manroy's Days Inventory compare to DRNE and SDEV?
Manroy's Days Inventory of 213.87 can be compared against companies in the Aerospace & Defense industry. The industry median Days Inventory is 139.17. Manroy's value of 213.87 is 53.7% above this benchmark. Historically, Manroy's own Days Inventory has ranged from 76.56 to 203.26 over the past decade. While the company's 10-year median is 179.46 vs. the industry median of 139.17, Manroy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Aerospace & Defense company?
The median Days Inventory among Aerospace & Defense companies is 139.17, based on 328 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manroy's current Days Inventory of 213.87 is 53.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Manroy and its competitors. For the Aerospace & Defense industry, the median Days Inventory is 139.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manroy's current Days Inventory is 213.87, which is 19% above median its own 10-year median of 179.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manroy stock overvalued right now?
Manroy (LSE:MANA) has a current Days Inventory of 213.87. The current Days Inventory is 213.87, which is 19% above median its 10-year median of 179.46 and 53.7% above the Aerospace & Defense industry median of 139.17. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Manroy (LSE:MANA), the current Days Inventory is 213.87 as of Mar. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Manroy Business Description

Manroy PLC designs, manufactures, supplies and supports machine guns, mounts and associated products, including the 12.7mm M2 HMG and the 7.62mm General Purpose Machine Gun, M16, M4 and M5 weapons, Quick Change Barrel kits as well as weapon tripods and mounting systems. Its flagship product is the M2 HMG, which it has supplied to the MoD for approximately 26 years.