Mangalam Worldwide (NSE:MWL) Days Inventory : 49.44 (As of Sep. 2023)

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What is Mangalam Worldwide Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mangalam Worldwide's Average Total Inventories for the six months ended in Sep. 2023 was ₹849 Mil. Mangalam Worldwide's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹3,134 Mil. Hence, Mangalam Worldwide's Days Inventory for the six months ended in Sep. 2023 was 49.44.

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

NSE:MWL' s Days Inventory Range Over the Past 10 Years
Min: 22.86 Med: 35.39 Max: 43.65
Current: 35.81

During the past 5 years, Mangalam Worldwide's highest Days Inventory was 43.65. The lowest was 22.86. And the median was 35.39.

NSE:MWL's Days Inventory is ranked better than
86.89% of 572 companies
in the Steel industry
Industry Median: 88.66 vs NSE:MWL: 35.81

Mangalam Worldwide's Days Inventory increased from Sep. 2022 (27.73) to Sep. 2023 (49.44). It might indicate that Mangalam Worldwide's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mangalam Worldwide's Inventory Turnover for the six months ended in Sep. 2023 was 3.69.

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. Mangalam Worldwide's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.21.

Mangalam Worldwide Days Inventory Historical Data

The historical data trend for Mangalam Worldwide'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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Mangalam Worldwide Days Inventory Chart

Mangalam Worldwide Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

40.42

43.65

22.86

30.35

Mangalam Worldwide Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			31.58	19.03	27.73	23.68	49.44

Competitive Comparison of Mangalam Worldwide's Days Inventory

For the Steel subindustry, Mangalam Worldwide'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.

Mangalam Worldwide's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mangalam Worldwide's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mangalam Worldwide's Days Inventory falls into.

Mangalam Worldwide Days Inventory Calculation

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

Mangalam Worldwide'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
=	( (348.785	+	645.213)	/	2 )	/	5976.724	*	365
=	496.999					/	5976.724	*	365
=	30.35

Mangalam Worldwide's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (645.213	+	1052.876)	/	2 )	/	3134.044	*	365 / 2
=	849.0445					/	3134.044	*	365 / 2
=	49.44

Mangalam Worldwide (NSE:MWL) 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.

Mangalam Worldwide's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3134.044	/	849.0445
	=	3.69

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.

Mangalam Worldwide's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	849.0445	/	4004.027
	=	0.21

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.

Mangalam Worldwide Days Inventory Related Terms

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

Mangalam Worldwide (NSE:MWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangalam Worldwide Ltd (NSE:MWL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

102, Mangalam Corporate House, 42, Shrimali Society, Netaji Marg, Mithakhali, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.mangalamsaarloh.com

Mangalam Worldwide Ltd is engaged in the manufacturing of stainless steel. The company manufactures Stainless Steel Billets and SS Flat Bars.

Mangalam Worldwide (NSE:MWL) Headlines

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