Milton Industries (NSE:MILTON) Days Inventory : 174.14 (As of Mar. 2022)

View and export this data going back to 2017. Start your Free Trial

What is Milton Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Milton Industries's Average Total Inventories for the six months ended in Mar. 2022 was ₹194.3 Mil. Milton Industries's Cost of Goods Sold for the six months ended in Mar. 2022 was ₹407.2 Mil. Hence, Milton Industries's Days Inventory for the six months ended in Mar. 2022 was 87.07.

The historical rank and industry rank for Milton Industries's Days Inventory or its related term are showing as below:

NSE:MILTON's Days Inventory is not ranked ^*
in the Forest Products industry.
Industry Median: 89.91
* Ranked among companies with meaningful Days Inventory only.

Milton Industries's Days Inventory increased from Mar. 2020 (139.53) to Mar. 2022 (174.14). It might indicate that Milton Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Milton Industries's Inventory Turnover for the six months ended in Mar. 2022 was 2.10.

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. Milton Industries's Inventory-to-Revenue for the six months ended in Mar. 2022 was 0.33.

Milton Industries Days Inventory Historical Data

The historical data trend for Milton Industries'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.

Milton Industries Days Inventory Chart

Milton Industries Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Inventory

Get a 7-Day Free Trial

327.46

202.29

139.53

267.40

174.14

Milton Industries Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22
Days Inventory	Get a 7-Day Free Trial					327.46	202.29	139.53	267.40	174.14

Competitive Comparison of Milton Industries's Days Inventory

For the Lumber & Wood Production subindustry, Milton Industries'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.

Milton Industries's Days Inventory Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Milton Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Milton Industries's Days Inventory falls into.

Milton Industries Days Inventory Calculation

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

Milton Industries's Days Inventory for the fiscal year that ended in Mar. 2022 is calculated as

	Days Inventory (A: Mar. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (175.303	+	213.228)	/	2 )	/	407.182	*	365
=	194.2655					/	407.182	*	365
=	174.14

Milton Industries's Days Inventory for the quarter that ended in Mar. 2022 is calculated as:

	Days Inventory (Q: Mar. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (175.303	+	213.228)	/	2 )	/	407.182	*	365 / 2
=	194.2655					/	407.182	*	365 / 2
=	87.07

Milton Industries (NSE:MILTON) 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.

Milton Industries's Inventory Turnover for the six months ended in Mar. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	407.182	/	194.2655
	=	2.10

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.

Milton Industries's Inventory to Revenue for the six months ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	194.2655	/	590.07
	=	0.33

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.

Milton Industries Days Inventory Related Terms

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

Milton Industries (NSE:MILTON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Milton Industries Ltd (NSE:MILTON) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ashram Road, 1/2, Chitra-Ami Appartment, Opposite La Gajjar Chamber, Ahmedabad, GJ, IND, 380009

Website

https://www.miltonindustries.in

Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters, and home kitchens. The majority of the revenue comes from the Indian market.

Milton Industries (NSE:MILTON) Headlines

No Headlines