Days Inventory is also known as Days Sales of Inventory (DSI). McCoy Global's Average Total Inventories for the
three
months ended in Dec. 2023 was C$29.83 Mil. McCoy Global's Cost of Goods Sold for the
three
months ended in Dec. 2023 was C$13.28 Mil.
Hence, McCoy Global's Days Inventory for the
three
months ended in Dec. 2023 was 205.00.
The historical rank and industry rank for McCoy Global's Days Inventory or its related term are showing as below:
TSX:MCB'
s Days Inventory Range Over the Past 10 Years
Min: 186.48 Med: 230.26 Max: 401.59
Current: 203.31
During the past 13 years, McCoy Global's highest Days Inventory was 401.59. The lowest was 186.48. And the median was 230.26.
TSX:MCB's Days Inventory is ranked worse than 92.59% of 729
companies
in the Oil & Gas industry
Industry Median: 31.5
vs TSX:MCB: 203.31
McCoy Global's Days Inventory
increased
from Dec. 2022 (162.04) to Dec. 2023 (205.00).
It might indicate that McCoy Global's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
McCoy Global's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.45.
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.
McCoy Global's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.51.
McCoy Global Days Inventory Historical Data
The historical data trend for McCoy Global'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.
Competitive Comparison of McCoy Global's Days Inventory
For the Oil & Gas Equipment & Services subindustry, McCoy Global'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.
McCoy Global's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, McCoy Global's Days Inventory distribution charts can be found below:
* The bar in red indicates where McCoy Global's Days Inventory falls into.
McCoy Global Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
McCoy Global's Days Inventory for the fiscal year that 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.
McCoy Global (TSX:MCB) 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.
McCoy Global's Inventory Turnover for the
three
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.
McCoy Global's Inventory to Revenue for the
three
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.
McCoy Global Days Inventory Related Terms
Thank you for viewing the detailed overview of McCoy Global's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts. Some of its products are specialized hydraulic power tongs, dies, and inserts, make or break torque equipment, and computerized torque turn monitoring systems.
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