Marine Electricals (India) (NSE:MARINE) Days Inventory : 79.80 (As of Dec. 2023)

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What is Marine Electricals (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Marine Electricals (India)'s Average Total Inventories for the three months ended in Dec. 2023 was ₹1,108 Mil. Marine Electricals (India)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,267 Mil. Hence, Marine Electricals (India)'s Days Inventory for the three months ended in Dec. 2023 was 79.80.

The historical rank and industry rank for Marine Electricals (India)'s Days Inventory or its related term are showing as below:

NSE:MARINE' s Days Inventory Range Over the Past 10 Years
Min: 25.2 Med: 48.7 Max: 135.27
Current: 70.47

During the past 10 years, Marine Electricals (India)'s highest Days Inventory was 135.27. The lowest was 25.20. And the median was 48.70.

NSE:MARINE's Days Inventory is ranked worse than
89.16% of 775 companies
in the Transportation industry
Industry Median: 11.42 vs NSE:MARINE: 70.47

Marine Electricals (India)'s Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (79.80). It might indicate that Marine Electricals (India)'s sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Marine Electricals (India)'s Inventory Turnover for the three months ended in Dec. 2023 was 1.14.

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. Marine Electricals (India)'s Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.76.

Marine Electricals (India) Days Inventory Historical Data

The historical data trend for Marine Electricals (India)'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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Marine Electricals (India) Days Inventory Chart

Marine Electricals (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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50.64

100.87

135.27

88.80

69.23

Marine Electricals (India) Quarterly Data
	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	46.26	70.89	86.03	79.80

Competitive Comparison of Marine Electricals (India)'s Days Inventory

For the Marine Shipping subindustry, Marine Electricals (India)'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.

Marine Electricals (India)'s Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Marine Electricals (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Marine Electricals (India)'s Days Inventory falls into.

Marine Electricals (India) Days Inventory Calculation

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

Marine Electricals (India)'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
=	( (791.231	+	637.868)	/	2 )	/	3767.576	*	365
=	714.5495					/	3767.576	*	365
=	69.23

Marine Electricals (India)'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1107.639	+	0)	/	1 )	/	1266.597	*	365 / 4
=	1107.639					/	1266.597	*	365 / 4
=	79.80

Marine Electricals (India) (NSE:MARINE) 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.

Marine Electricals (India)'s Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1266.597	/	1107.639
	=	1.14

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.

Marine Electricals (India)'s Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1107.639	/	1466.464
	=	0.76

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.

Marine Electricals (India) Days Inventory Related Terms

Thank you for viewing the detailed overview of Marine Electricals (India)'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Marine Electricals (India) (NSE:MARINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marine Electricals (India) Ltd (NSE:MARINE) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

B/1, Udyog Sadan No. 3, MIDC, Marol Industrial Area, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.marineelectricals.com

Marine Electricals (India) Ltd is an integrated technical service provider. It offers services in the fields of electrical automation and information and communication technology solutions in diversified areas like Ship Building and Ship repair for Navy and Commercial Vessels/ Industries and Buildings / Renewables EPC. It also develops, designs, manufactures, and markets marine and industrial electrical and electronic switch gears, control gears, and electrical and electronic components including renewable energy. The firm is organized into two segments: Electricals and Electronics and Solar out of which the Electricals and Electronics segment accounts for the majority of revenue.

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