Marco Cables and Conductors (NSE:MARCO) Days Inventory : 219.82 (As of Mar. 2023)

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What is Marco Cables and Conductors Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Marco Cables and Conductors's Average Total Inventories for the six months ended in Mar. 2023 was ₹260.3 Mil. Marco Cables and Conductors's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹432.2 Mil. Hence, Marco Cables and Conductors's Days Inventory for the six months ended in Mar. 2023 was 109.91.

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

NSE:MARCO' s Days Inventory Range Over the Past 10 Years
Min: 199.88 Med: 219.82 Max: 275.75
Current: 219.82

During the past 3 years, Marco Cables and Conductors's highest Days Inventory was 275.75. The lowest was 199.88. And the median was 219.82.

NSE:MARCO's Days Inventory is ranked worse than
79.61% of 2899 companies
in the Industrial Products industry
Industry Median: 121.51 vs NSE:MARCO: 219.82

Marco Cables and Conductors's Days Inventory declined from Mar. 2021 (275.75) to Mar. 2023 (219.82).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Marco Cables and Conductors's Inventory Turnover for the six months ended in Mar. 2023 was 1.66.

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. Marco Cables and Conductors's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.46.

Marco Cables and Conductors Days Inventory Historical Data

The historical data trend for Marco Cables and Conductors'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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Marco Cables and Conductors Days Inventory Chart

Marco Cables and Conductors Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

275.75

199.88

219.82

Marco Cables and Conductors Semi-Annual Data
	Mar21	Mar22	Mar23
Days Inventory	275.75	199.88	219.82

Competitive Comparison of Marco Cables and Conductors's Days Inventory

For the Electrical Equipment & Parts subindustry, Marco Cables and Conductors'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.

Marco Cables and Conductors's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Marco Cables and Conductors's Days Inventory distribution charts can be found below:

* The bar in red indicates where Marco Cables and Conductors's Days Inventory falls into.

Marco Cables and Conductors Days Inventory Calculation

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

Marco Cables and Conductors's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (249.845	+	270.702)	/	2 )	/	432.172	*	365
=	260.2735					/	432.172	*	365
=	219.82

Marco Cables and Conductors's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (249.845	+	270.702)	/	2 )	/	432.172	*	365 / 2
=	260.2735					/	432.172	*	365 / 2
=	109.91

Marco Cables and Conductors (NSE:MARCO) 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.

Marco Cables and Conductors's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	432.172	/	260.2735
	=	1.66

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.

Marco Cables and Conductors's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	260.2735	/	567.679
	=	0.46

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.

Marco Cables and Conductors Days Inventory Related Terms

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

Marco Cables and Conductors (NSE:MARCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marco Cables and Conductors Ltd (NSE:MARCO) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Main Road, Shop No 100, Opposite Bhai Gangaram Market, Ulhasnagar, Thane, MH, IND, 421005

Website

https://www.marcocables.com

Marco Cables and Conductors Ltd is engaged in the business of manufacturing and selling wires, cables wires and conductors in India. It commenced its operations with the manufacturing of wires (with aluminium/copper conductor), LT XLPE cables, LT PVC cables, and LT Aerial Bunched Cables, including AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors.

Marco Cables and Conductors (NSE:MARCO) Headlines

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