Major Drilling Group International (FRA:3MJ) Days Inventory : 68.60 (As of Jul. 2024)

Major Drilling Group International Days Inventory Chart

Major Drilling Group International Annual Data
	Trend	Apr15	Apr16	Apr17	Apr18	Apr19	Apr20	Apr21	Apr22	Apr23	Apr24
Days Inventory		Get a 7-Day Free Trial					100.32	90.90	62.50	71.86	74.14

Major Drilling Group International Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Days Inventory	Get a 7-Day Free Trial															69.97	69.13	93.32	75.33	68.60

Competitive Comparison of Major Drilling Group International's Days Inventory

For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.

Major Drilling Group International's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Major Drilling Group International's Days Inventory falls into.

Major Drilling Group International Days Inventory Calculation

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

Major Drilling Group International's Days Inventory for the fiscal year that ended in Apr. 2024 is calculated as

Major Drilling Group International's Days Inventory for the quarter that ended in Jul. 2024 is calculated as:

* 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.

Major Drilling Group International  (FRA:3MJ) 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.

Major Drilling Group International's Inventory Turnover for the three months ended in Jul. 2024 is calculated as

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.

Major Drilling Group International's Inventory to Revenue for the three months ended in Jul. 2024 is calculated as

* 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.

Major Drilling Group International Days Inventory Related Terms

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Major Drilling Group International Business Description