Days Inventory is also known as Days Sales of Inventory (DSI). MITIE Group's Average Total Inventories for the
six
months ended in Sep. 2023 was $17 Mil. MITIE Group's Cost of Goods Sold for the
six
months ended in Sep. 2023 was $2,304 Mil.
Hence, MITIE Group's Days Inventory for the
six
months ended in Sep. 2023 was 1.35.
The historical rank and industry rank for MITIE Group's Days Inventory or its related term are showing as below:
MITFF'
s Days Inventory Range Over the Past 10 Years
Min: 1.01 Med: 1.39 Max: 2.06
Current: 1.35
During the past 13 years, MITIE Group's highest Days Inventory was 2.06. The lowest was 1.01. And the median was 1.39.
MITFF's Days Inventory is ranked better than 88.84% of 681
companies
in the Business Services industry
Industry Median: 30.28
vs MITFF: 1.35
MITIE Group's Days Inventory
declined
from Sep. 2022 (1.49) to Sep. 2023 (1.35).
Inventory Turnover measures how fast the company turns over its inventory within a year.
MITIE Group's Inventory Turnover for the
six
months ended in Sep. 2023 was 134.70.
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.
MITIE Group's Inventory-to-Revenue for the
six
months ended in Sep. 2023 was 0.01.
MITIE Group Days Inventory Historical Data
The historical data trend for MITIE Group'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.
Competitive Comparison of MITIE Group's Days Inventory
For the Specialty Business Services subindustry, MITIE Group'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.
MITIE Group's Days Inventory Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, MITIE Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where MITIE Group's Days Inventory falls into.
MITIE Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MITIE Group's Days Inventory for the fiscal year that ended in Mar. 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.
MITIE Group (OTCPK:MITFF) 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.
MITIE Group's Inventory Turnover for the
six
months ended in Sep. 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.
MITIE Group's Inventory to Revenue for the
six
months ended in Sep. 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.
MITIE Group Days Inventory Related Terms
Thank you for viewing the detailed overview of MITIE Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
MITIE Group PLC is a U.K.-based company. The company has five reportable segments: Technical services, Business services, care, and custody, Landscapes, Waste, Communities, Specialist Services, and Spain. Through these segments, the company provides facilities management, consultancy, and security services. The company generates the majority of its revenue from the technical services and business services segments. Geographically, the company generates a majority of its revenue from the United Kingdom.
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