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Micropro Software Solutions (NSE:MICROPRO) Days Inventory : 14.55 (As of Mar. 2023)


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What is Micropro Software Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Micropro Software Solutions's Average Total Inventories for the six months ended in Mar. 2023 was ₹3.0 Mil. Micropro Software Solutions's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹75.7 Mil. Hence, Micropro Software Solutions's Days Inventory for the six months ended in Mar. 2023 was 7.27.

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

NSE:MICROPRO' s Days Inventory Range Over the Past 10 Years
Min: 13.34   Med: 14.55   Max: 15.92
Current: 14.55

During the past 3 years, Micropro Software Solutions's highest Days Inventory was 15.92. The lowest was 13.34. And the median was 14.55.

NSE:MICROPRO's Days Inventory is ranked better than
54.82% of 1565 companies
in the Software industry
Industry Median: 19.64 vs NSE:MICROPRO: 14.55

Micropro Software Solutions's Days Inventory declined from Mar. 2021 (15.92) to Mar. 2023 (14.55).

Inventory Turnover measures how fast the company turns over its inventory within a year. Micropro Software Solutions's Inventory Turnover for the six months ended in Mar. 2023 was 25.09.

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. Micropro Software Solutions's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.01.

Micropro Software Solutions Days Inventory Historical Data

The historical data trend for Micropro Software Solutions'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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Micropro Software Solutions Days Inventory Chart

Micropro Software Solutions Annual Data
Trend Mar21 Mar22 Mar23
Days Inventory
15.92 13.34 14.55

Micropro Software Solutions Semi-Annual Data
Mar21 Mar22 Mar23
Days Inventory 15.92 13.34 14.55

Competitive Comparison of Micropro Software Solutions's Days Inventory

For the Information Technology Services subindustry, Micropro Software Solutions'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.

Micropro Software Solutions's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Micropro Software Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Micropro Software Solutions's Days Inventory falls into.


Micropro Software Solutions Days Inventory Calculation

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

Micropro Software Solutions'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
=( (2.707 + 3.327) / 2 ) / 75.696*365
=3.017 / 75.696*365
=14.55

Micropro Software Solutions's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

Days Inventory (Q: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count ) / Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=( (2.707 + 3.327) / 2 ) / 75.696*365 / 2
=3.017 / 75.696*365 / 2
=7.27

* 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.

Micropro Software Solutions  (NSE:MICROPRO) 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.

Micropro Software Solutions's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=75.696 / 3.017
=25.09

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.

Micropro Software Solutions's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=3.017 / 219.364
=0.01

* 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.

Micropro Software Solutions Days Inventory Related Terms

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

Micropro Software Solutions (NSE:MICROPRO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Micropro Software Solutions Ltd (NSE:MICROPRO) » Definitions » Days Inventory
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N/A
Address
Gayatri Nagar Road, Plot NO. 28, 102 Wing A, 7th Floor, VIPL IT Park Building, Nagpur, MH, IND, 440022
Website
https://www.microproindia.com
Micropro Software Solutions Ltd is engaged in the business of providing software development, maintenance services as well as trading of hardware and software products. The company provides consulting along with technical services and IT solutions to its clients across different industries. The services offered by the company include IT Infrastructure Management, Manpower Services, Network and Security Services among others. It also offers software products such as HospyCare, OpenSys-Logix, OpenSys MicroBooks and others.

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