Meikles (LSE:MIK) Days Inventory : 21.67 (As of Aug. 2023)

View and export this data going back to 1943. Start your Free Trial

What is Meikles Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Meikles's Average Total Inventories for the six months ended in Aug. 2023 was $241 Mil. Meikles's Cost of Goods Sold for the six months ended in Aug. 2023 was $2,030 Mil. Hence, Meikles's Days Inventory for the six months ended in Aug. 2023 was 21.67.

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

LSE:MIK' s Days Inventory Range Over the Past 10 Years
Min: 29.97 Med: 35.74 Max: 475.33
Current: 37.51

During the past 7 years, Meikles's highest Days Inventory was 475.33. The lowest was 29.97. And the median was 35.74.

LSE:MIK's Days Inventory is ranked better than
84.27% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.73 vs LSE:MIK: 37.51

Meikles's Days Inventory increased from Mar. 2022 (21.65) to Aug. 2023 (21.67). It might indicate that Meikles's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meikles's Inventory Turnover for the six months ended in Aug. 2023 was 8.42.

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. Meikles's Inventory-to-Revenue for the six months ended in Aug. 2023 was 0.09.

Meikles Days Inventory Historical Data

The historical data trend for Meikles'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.

Meikles Days Inventory Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Days Inventory

Get a 7-Day Free Trial

29.97

52.25

475.33

35.02

36.45

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Days Inventory	Get a 7-Day Free Trial									-	11.89	21.65	33.06	21.67

Competitive Comparison of Meikles's Days Inventory

For the Department Stores subindustry, Meikles'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.

Meikles's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Days Inventory distribution charts can be found below:

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

Meikles Days Inventory Calculation

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

Meikles's Days Inventory for the fiscal year that ended in Mar. 2021 is calculated as

	Days Inventory (A: Mar. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2020 )	+	Total Inventories (A: Mar. 2021 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2021 )	*	Days in Period
=	( (10.178	+	13.197)	/	2 )	/	117.046	*	365
=	11.6875					/	117.046	*	365
=	36.45

Meikles's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

	Days Inventory (Q: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (58.099	+	423.873)	/	2 )	/	2029.515	*	365 / 2
=	240.986					/	2029.515	*	365 / 2
=	21.67

Meikles (LSE:MIK) 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.

Meikles's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2029.515	/	240.986
	=	8.42

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.

Meikles's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	240.986	/	2701.372
	=	0.09

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.

Meikles Days Inventory Related Terms

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

Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.