Morgan Advanced Materials (Morgan Advanced Materials) Days Inventory : 0.00 (As of Dec. 2023)

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What is Morgan Advanced Materials Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Morgan Advanced Materials's Average Total Inventories for the six months ended in Dec. 2023 was $225 Mil. Morgan Advanced Materials's Cost of Goods Sold for the six months ended in Dec. 2023 was $0 Mil.

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

MCRUF' s Days Inventory Range Over the Past 10 Years
Min: 188.98 Med: 203.12 Max: 229.65
Current: 210.6

During the past 13 years, Morgan Advanced Materials's highest Days Inventory was 229.65. The lowest was 188.98. And the median was 203.12.

MCRUF's Days Inventory is ranked worse than
78.05% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs MCRUF: 210.60

Morgan Advanced Materials's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Morgan Advanced Materials's Inventory Turnover for the six months ended in Dec. 2023 was 0.00.

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. Morgan Advanced Materials's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.32.

Morgan Advanced Materials Days Inventory Historical Data

The historical data trend for Morgan Advanced Materials'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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Morgan Advanced Materials Days Inventory Chart

Morgan Advanced Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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193.77

194.38

190.89

196.73

206.63

Morgan Advanced Materials Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Morgan Advanced Materials's Days Inventory

For the Specialty Industrial Machinery subindustry, Morgan Advanced Materials'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.

Morgan Advanced Materials's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Morgan Advanced Materials's Days Inventory distribution charts can be found below:

* The bar in red indicates where Morgan Advanced Materials's Days Inventory falls into.

Morgan Advanced Materials Days Inventory Calculation

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

Morgan Advanced Materials's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (212.18	+	221.646)	/	2 )	/	383.165	*	365
=	216.913					/	383.165	*	365
=	206.63

Morgan Advanced Materials'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (229.04	+	221.646)	/	2 )	/	0	*	365 / 2
=	225.343					/	0	*	365 / 2
=	N/A

Morgan Advanced Materials (OTCPK:MCRUF) 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.

Morgan Advanced Materials's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	225.343
	=	0.00

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.

Morgan Advanced Materials's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	225.343	/	709.873
	=	0.32

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.

Morgan Advanced Materials Days Inventory Related Terms

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

Morgan Advanced Materials (Morgan Advanced Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morgan Advanced Materials PLC (OTCPK:MCRUF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MGAMl:UK MGAM:UK MGJ:Germany

Address

Sheet Street, York House, Windsor, GBR, SL4 1DD

Website

https://www.morganadvancedmaterials.com

Morgan Advanced Materials PLC is a U.K.-based company that manufactures a wide array of specialized and high-specification materials. The company's product line includes high-temperature insulation products used to reduce energy consumption, electrical carbon, linear and rotary transfer systems used for transferring electrical energy in motor and generator applications, seals and bearings, ceramic cores, piezoelectric sensors and transducers, crucibles, and others. The company's customers come from sectors including healthcare, petrochemical, transportation, electronics, energy, security and defense, and other industrial applications. Morgan Advanced Materials has a global presence, with the United States being the largest markets for the company.