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Muscat Thread MillsOG (MUS:MTMI) Days Inventory : 178.05 (As of Dec. 2023)


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What is Muscat Thread MillsOG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Muscat Thread MillsOG's Average Total Inventories for the six months ended in Dec. 2023 was ر.ع1.20 Mil. Muscat Thread MillsOG's Cost of Goods Sold for the six months ended in Dec. 2023 was ر.ع2.46 Mil. Hence, Muscat Thread MillsOG's Days Inventory for the six months ended in Dec. 2023 was 89.03.

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

MUS:MTMI' s Days Inventory Range Over the Past 10 Years
Min: 58.32   Med: 91.04   Max: 178.05
Current: 178.05

During the past 13 years, Muscat Thread MillsOG's highest Days Inventory was 178.05. The lowest was 58.32. And the median was 91.04.

MUS:MTMI's Days Inventory is ranked worse than
67.46% of 1005 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 127.19 vs MUS:MTMI: 178.05

Muscat Thread MillsOG's Days Inventory increased from Dec. 2021 (130.94) to Dec. 2023 (178.05). It might indicate that Muscat Thread MillsOG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Muscat Thread MillsOG's Inventory Turnover for the six months ended in Dec. 2023 was 2.05.

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. Muscat Thread MillsOG's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.37.


Muscat Thread MillsOG Days Inventory Historical Data

The historical data trend for Muscat Thread MillsOG'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.

Muscat Thread MillsOG Days Inventory Chart

Muscat Thread MillsOG Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.14 82.15 130.94 162.48 178.05

Muscat Thread MillsOG Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec21 Dec22 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 97.14 82.15 130.94 162.48 178.05

Competitive Comparison of Muscat Thread MillsOG's Days Inventory

For the Textile Manufacturing subindustry, Muscat Thread MillsOG'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.


Muscat Thread MillsOG's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Muscat Thread MillsOG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Muscat Thread MillsOG's Days Inventory falls into.



Muscat Thread MillsOG Days Inventory Calculation

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

Muscat Thread MillsOG's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (1.144 + 1.257) / 2 ) / 2.461*365
=1.2005 / 2.461*365
=178.05

Muscat Thread MillsOG'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: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1.144 + 1.257) / 2 ) / 2.461*365 / 2
=1.2005 / 2.461*365 / 2
=89.03

* 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.


Muscat Thread MillsOG  (MUS:MTMI) 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.

Muscat Thread MillsOG's Inventory Turnover for the six months ended in Dec. 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.

Muscat Thread MillsOG's Inventory to Revenue for the six months ended in Dec. 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.


Muscat Thread MillsOG Days Inventory Related Terms

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


Muscat Thread MillsOG Business Description

Traded in Other Exchanges
N/A
Address
Road No 18, P.O.Box 122, Rusayl, OMN, 124
Muscat Thread Mills SAOG manufactures and markets sewing threads in the Sultanate of Oman. It offers apparel sewing, embroidery, fire-resistant, and water-soluble threads under the Boat and Silver Falcon brand names. The firm's revenue is mainly generated from exports. The company also markets its products to Bangladesh, Sri Lanka, India, Pakistan, the United Arab Emirates, Turkey, Jordan, Madagascar, Kenya, Egypt, Mauritius, Saudi Arabia, Indonesia, Qatar, and Kuwait.

Muscat Thread MillsOG Headlines

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