Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Major Drilling Group International's Inventory Turnover for the
three
months ended in Apr. 2026 was 1.78.
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.
Major Drilling Group International's Inventory-to-Revenue for the
three
months ended in Apr. 2026 was 0.47.
Major Drilling Group International (TSX:MDI) 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.
Major Drilling Group International's Inventory Turnover for the
three
months ended in Apr. 2026 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.
Major Drilling Group International's Inventory to Revenue for the
three
months ended in Apr. 2026 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.
Major Drilling Group International Days Inventory Related Terms
Major Drilling Group International Days Inventory Historical Data
* 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.
Major Drilling Group International Days Inventory Chart
Major Drilling Group International Days Inventory Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.
Major Drilling Group International Days Inventory vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Days Inventory distribution charts can be found below:
* The bar in red indicates where Major Drilling Group International's Days Inventory falls into.
* 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.
Major Drilling Group International (TSX:MDI) has a Days Inventory of 51.16 as of Apr. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Major Drilling Group International and its competitors. This is 39% below median its historical median of 83.19. Over the past decade, Major Drilling Group International's Days Inventory has ranged from 55.21 to 123.14. According to the industry distribution chart, Major Drilling Group International ranks #204 out of 686 companies in the Metals & Mining industry, placing it in the top 29.7%.
Is Major Drilling Group International's Days Inventory too high?
Major Drilling Group International's current Days Inventory of 51.16 is 39% below median its 10-year median of 83.19. Over the past 10 years, this metric has ranged from a low of 55.21 to a high of 123.14. The Metals & Mining industry median Days Inventory is 86.45. Major Drilling Group International's value of 51.16 is 40.8% below this industry median. Based on the distribution chart, Major Drilling Group International ranks #204 out of 686 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Major Drilling Group International has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Drilling Group International's Days Inventory compare to competitors?
According to the Metals & Mining industry distribution chart, Major Drilling Group International ranks #204 out of 686 companies for Days Inventory. This puts Major Drilling Group International in the upper half of its industry. The industry median Days Inventory is 86.45. Major Drilling Group International's value of 51.16 is 40.8% below this benchmark. Historically, Major Drilling Group International's own Days Inventory has ranged from 55.21 to 123.14 over the past decade. While the company's 10-year median is 83.19 vs. the industry median of 86.45, Major Drilling Group International has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Metals & Mining company?
The median Days Inventory among Metals & Mining companies is 86.45, based on 686 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Major Drilling Group International's current Days Inventory of 51.16 is 40.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Major Drilling Group International and its competitors. For the Metals & Mining industry, the median Days Inventory is 86.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Drilling Group International's current Days Inventory is 51.16, which is 39% below median its own 10-year median of 83.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Drilling Group International stock overvalued right now?
Based on GuruFocus' analysis, Major Drilling Group International (TSX:MDI) is currently considered Modestly Overvalued. The stock's GF Value™ is C$11.50, compared to a current price of C$14.25 — trading 23.9% above its estimated fair value. The current Days Inventory is 51.16, which is 39% below median its 10-year median of 83.19 and 40.8% below the Metals & Mining industry median of 86.45. Major Drilling Group International's overall GF Score™ is 89/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Major Drilling Group International (TSX:MDI), the current Days Inventory is 51.16 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Major Drilling Group International (TSX:MDI) Overvalued in 2026?
Based on GuruFocus' analysis, Major Drilling Group International stock appears to be overvalued.
The current stock price of C$14.25 is trading 23.9% above its estimated GF Value™ of C$11.50.
GuruFocus considers Major Drilling Group International to be Modestly Overvalued.
Key valuation signals for TSX:MDI:
Days Inventory: 51.16 (39% below median its 10-year median of 83.19)
GF Value™: C$11.50 vs. price of C$14.25 (23.9% above fair value)
Industry Position: 40.8% below the Metals & Mining median (#204 of 686)
No single metric tells the full story. See the TSX:MDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Drilling Group International Business Description
Major Drilling Group International Inc consists of contract drilling for companies mainly involved in mining and mineral exploration. The Company has operations in North America, South America, Australia, Asia, and Africa. Its services are Surface Drilling Services, and Underground Drilling Services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which majority of its revenue comes from South and Central America.
89GF Score
Get the complete analysis for TSX:MDI
Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:MDI has been successfully added to your 
