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Millennium Online Solutions (India) (BOM:511187) Days Inventory : 0.00 (As of Dec. 2023)


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What is Millennium Online Solutions (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Millennium Online Solutions (India)'s Average Total Inventories for the three months ended in Dec. 2023 was ₹0.00 Mil. Millennium Online Solutions (India)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2.67 Mil. Hence, Millennium Online Solutions (India)'s Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

BOM:511187' s Days Inventory Range Over the Past 10 Years
Min: 98.41   Med: 248.24   Max: 394.33
Current: 394.33

During the past 13 years, Millennium Online Solutions (India)'s highest Days Inventory was 394.33. The lowest was 98.41. And the median was 248.24.

BOM:511187's Days Inventory is ranked worse than
95.06% of 2407 companies
in the Hardware industry
Industry Median: 101.78 vs BOM:511187: 394.33

Millennium Online Solutions (India)'s Days Inventory declined from Dec. 2022 (904.68) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Millennium Online Solutions (India)'s Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.


Millennium Online Solutions (India) Days Inventory Historical Data

The historical data trend for Millennium Online Solutions (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.

* Premium members only.

Millennium Online Solutions (India) Days Inventory Chart

Millennium Online Solutions (India) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 275.78 333.81 169.27 296.59 326.55

Millennium Online Solutions (India) Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 904.68 110.32 1,646.25 - -

Competitive Comparison of Millennium Online Solutions (India)'s Days Inventory

For the Electronics & Computer Distribution subindustry, Millennium Online Solutions (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.


Millennium Online Solutions (India)'s Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Millennium Online Solutions (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Millennium Online Solutions (India)'s Days Inventory falls into.



Millennium Online Solutions (India) Days Inventory Calculation

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

Millennium Online Solutions (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
=( (33.982 + 24.121) / 2 ) / 32.472*365
=29.0515 / 32.472*365
=326.55

Millennium Online Solutions (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
=( (0 + 0) / 1 ) / 2.669*365 / 4
=0 / 2.669*365 / 4
=0.00

* 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.


Millennium Online Solutions (India)  (BOM:511187) 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.

Millennium Online Solutions (India)'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.

Millennium Online Solutions (India)'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.


Millennium Online Solutions (India) Days Inventory Related Terms

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


Millennium Online Solutions (India) (BOM:511187) Business Description

Traded in Other Exchanges
N/A
Address
208-209-Regent Square, Anand Mahal Road, Above D-Mart, Near, Mahalaxmi Temple, Adajan, Surat, GJ, IND, 395009
Millennium Online Solutions (India) Ltd is an Indian-based company involved in the selling of computers and computer peripherals.

Millennium Online Solutions (India) (BOM:511187) Headlines

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