MMP Industries (NSE:MMP) Days Inventory : 80.61 (As of Dec. 2023)

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What is MMP Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MMP Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹948 Mil. MMP Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,073 Mil. Hence, MMP Industries's Days Inventory for the three months ended in Dec. 2023 was 80.61.

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

NSE:MMP' s Days Inventory Range Over the Past 10 Years
Min: 39.62 Med: 60.88 Max: 90.65
Current: 66.98

During the past 11 years, MMP Industries's highest Days Inventory was 90.65. The lowest was 39.62. And the median was 60.88.

NSE:MMP's Days Inventory is ranked better than
63.69% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs NSE:MMP: 66.98

MMP Industries's Days Inventory increased from Dec. 2022 (70.97) to Dec. 2023 (80.61). It might indicate that MMP Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. MMP Industries's Inventory Turnover for the three months ended in Dec. 2023 was 1.13.

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. MMP Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.67.

MMP Industries Days Inventory Historical Data

The historical data trend for MMP Industries'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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MMP Industries Days Inventory Chart

MMP Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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41.43

58.65

87.62

63.11

65.15

MMP Industries 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															70.97	55.72	64.97	87.15	80.61

Competitive Comparison of MMP Industries's Days Inventory

For the Aluminum subindustry, MMP Industries'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.

MMP Industries's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MMP Industries's Days Inventory distribution charts can be found below:

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

MMP Industries Days Inventory Calculation

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

MMP Industries'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
=	( (768.925	+	861.565)	/	2 )	/	4567.492	*	365
=	815.245					/	4567.492	*	365
=	65.15

MMP Industries'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
=	( (947.886	+	0)	/	1 )	/	1073.016	*	365 / 4
=	947.886					/	1073.016	*	365 / 4
=	80.61

MMP Industries (NSE:MMP) 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.

MMP Industries's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1073.016	/	947.886
	=	1.13

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.

MMP Industries's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	947.886	/	1408.737
	=	0.67

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.

MMP Industries Days Inventory Related Terms

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

MMP Industries (NSE:MMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMP Industries Ltd (NSE:MMP) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

B-24, Hingna Road, MIDC Area, Hingna Industrial Estate, Hingna, Nagpur, MH, IND, 440016

Website

https://www.mmpil.com

MMP Industries Ltd is an Indian company engaged in manufacturing aluminum powders, aluminum pastes, and aluminum conductors. The products of the company are used in the construction industry. Its segments are Aluminium Powder and Paste; Aluminium Foil, Aluminium Conductor and Others. The business is spread across Europe, the Middle East, Africa and the Asia Pacific. The company generates the majority of its revenue from the Aluminium Powder and Paste segment.