MRC Agrotech (BOM:540809) Days Inventory : 12.22 (As of Sep. 2023)

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What is MRC Agrotech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MRC Agrotech's Average Total Inventories for the six months ended in Sep. 2023 was ₹4.0 Mil. MRC Agrotech's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹60.1 Mil. Hence, MRC Agrotech's Days Inventory for the six months ended in Sep. 2023 was 12.22.

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

BOM:540809' s Days Inventory Range Over the Past 10 Years
Min: 1.22 Med: 1.77 Max: 6.3
Current: 6.3

During the past 8 years, MRC Agrotech's highest Days Inventory was 6.30. The lowest was 1.22. And the median was 1.77.

BOM:540809's Days Inventory is ranked better than
99.05% of 1782 companies
in the Consumer Packaged Goods industry
Industry Median: 83.685 vs BOM:540809: 6.30

MRC Agrotech's Days Inventory increased from Sep. 2022 (0.00) to Sep. 2023 (12.22). It might indicate that MRC Agrotech's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. MRC Agrotech's Inventory Turnover for the six months ended in Sep. 2023 was 14.93.

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. MRC Agrotech's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.06.

MRC Agrotech Days Inventory Historical Data

The historical data trend for MRC Agrotech'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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MRC Agrotech Days Inventory Chart

MRC Agrotech Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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2.31

MRC Agrotech Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial										-	-	-	0.31	12.22

Competitive Comparison of MRC Agrotech's Days Inventory

For the Farm Products subindustry, MRC Agrotech'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.

MRC Agrotech's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, MRC Agrotech's Days Inventory distribution charts can be found below:

* The bar in red indicates where MRC Agrotech's Days Inventory falls into.

MRC Agrotech Days Inventory Calculation

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

MRC Agrotech'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
=	( (0	+	0)	/	1 )	/	59.479	*	365
=	0					/	59.479	*	365
=	0.00

MRC Agrotech'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
=	( (0	+	4.025)	/	1 )	/	60.098	*	365 / 2
=	4.025					/	60.098	*	365 / 2
=	12.22

MRC Agrotech (BOM:540809) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	60.098	/	4.025
	=	14.93

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.025	/	65.443
	=	0.06

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.

MRC Agrotech Days Inventory Related Terms

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

MRC Agrotech (BOM:540809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MRC Agrotech Ltd (BOM:540809) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kurla Andheri Road, Unit No. 1208, The Summit Business Bay, Prakashwadi, Mumbai, MH, IND, 400069

Website

https://www.mrcagro.com

MRC Agrotech Ltd is an India-based company that cultivates, grow, produce, harvest raised, or deal in agricultural produce as agriculturists, farmers, or gardeners and sets up processing unit for import, export, distribution, or deal in agricultural produce of all description, like fruits, vegetable, seeds and herbal products and trade in all the products required for cultivation, harvesting, production, and developments of seeds, vegetable, fruits and herbal items.

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