Days Inventory is also known as Days Sales of Inventory (DSI). Magnit PJSC's Average Total Inventories for the
six
months ended in Jun. 2023 was ₽219,076 Mil. Magnit PJSC's Cost of Goods Sold for the
six
months ended in Jun. 2023 was ₽948,935 Mil.
Hence, Magnit PJSC's Days Inventory for the
six
months ended in Jun. 2023 was 42.13.
The historical rank and industry rank for Magnit PJSC's Days Inventory or its related term are showing as below:
MIC:MGNT's Days Inventory is not ranked *
in the Retail - Defensive industry.
Industry Median: 41.1 * Ranked among companies with meaningful Days Inventory only.
Magnit PJSC's Days Inventory
declined
from Jun. 2022 (45.81) to Jun. 2023 (42.13).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Magnit PJSC's Inventory Turnover for the
six
months ended in Jun. 2023 was 4.33.
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.
Magnit PJSC's Inventory-to-Revenue for the
six
months ended in Jun. 2023 was 0.18.
Magnit PJSC (MIC:MGNT) 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.
Magnit PJSC's Inventory Turnover for the
six
months ended in Jun. 2023 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.
Magnit PJSC's Inventory to Revenue for the
six
months ended in Jun. 2023 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.
Magnit PJSC Days Inventory Related Terms
Magnit PJSC Days Inventory Historical Data
* Premium members only.
The historical data trend for Magnit PJSC'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.
MIC:MGNT vs WMT, COST, TGT: Days Inventory Comparison
For the Discount Stores subindustry, Magnit PJSC'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.
Magnit PJSC Days Inventory vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Days Inventory distribution charts can be found below:
* The bar in red indicates where Magnit PJSC's Days Inventory falls into.
* 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.
Magnit PJSC (MIC:MGNT) has a Days Inventory of 42.13 as of Jun. 2023. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Magnit PJSC and its competitors.
Is Magnit PJSC's Days Inventory too high?
Magnit PJSC's current Days Inventory is 42.13. The Retail - Defensive industry median Days Inventory is 41.10. Magnit PJSC's value of 42.13 is 2.5% above this industry median. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnit PJSC's Days Inventory compare to WMT and COST?
Magnit PJSC's Days Inventory of 42.13 can be compared against companies in the Retail - Defensive industry. The industry median Days Inventory is 41.10. Magnit PJSC's value of 42.13 is 2.5% above this benchmark. 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 a Retail - Defensive company?
The median Days Inventory among Retail - Defensive companies is 41.10, based on 301 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. Magnit PJSC's current Days Inventory of 42.13 is 2.5% 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 Magnit PJSC and its competitors. For the Retail - Defensive industry, the median Days Inventory is 41.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnit PJSC's current Days Inventory is 42.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnit PJSC stock overvalued right now?
Magnit PJSC (MIC:MGNT) has a current Days Inventory of 42.13. The current Days Inventory is 42.13 and 2.5% above the Retail - Defensive industry median of 41.10. Magnit PJSC's overall GF Score™ is 17/100. 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 Magnit PJSC (MIC:MGNT), the current Days Inventory is 42.13 as of Jun. 2023. 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.
Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
17GF Score
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