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Mahamaya Steel Industries (BOM:513554) Days Inventory : 48.91 (As of Mar. 2024)


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What is Mahamaya Steel Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mahamaya Steel Industries's Average Total Inventories for the three months ended in Mar. 2024 was ₹873 Mil. Mahamaya Steel Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,629 Mil. Hence, Mahamaya Steel Industries's Days Inventory for the three months ended in Mar. 2024 was 48.91.

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

BOM:513554' s Days Inventory Range Over the Past 10 Years
Min: 43.21   Med: 61.97   Max: 107.36
Current: 48.04

During the past 13 years, Mahamaya Steel Industries's highest Days Inventory was 107.36. The lowest was 43.21. And the median was 61.97.

BOM:513554's Days Inventory is ranked better than
78.21% of 569 companies
in the Steel industry
Industry Median: 88.18 vs BOM:513554: 48.04

Mahamaya Steel Industries's Days Inventory increased from Mar. 2023 (47.07) to Mar. 2024 (48.91). It might indicate that Mahamaya Steel Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mahamaya Steel Industries's Inventory Turnover for the three months ended in Mar. 2024 was 1.87.

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. Mahamaya Steel Industries's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.44.


Mahamaya Steel Industries Days Inventory Historical Data

The historical data trend for Mahamaya Steel 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.

* Premium members only.

Mahamaya Steel Industries Days Inventory Chart

Mahamaya Steel Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.99 107.36 53.46 43.21 47.33

Mahamaya Steel Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.07 39.47 52.82 54.59 48.91

Competitive Comparison of Mahamaya Steel Industries's Days Inventory

For the Steel subindustry, Mahamaya Steel 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.


Mahamaya Steel Industries's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mahamaya Steel Industries's Days Inventory distribution charts can be found below:

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



Mahamaya Steel Industries Days Inventory Calculation

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

Mahamaya Steel Industries's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

Days Inventory (A: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (804.928 + 873.354) / 2 ) / 6471.361*365
=839.141 / 6471.361*365
=47.33

Mahamaya Steel Industries's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0 + 873.354) / 1 ) / 1629.371*365 / 4
=873.354 / 1629.371*365 / 4
=48.91

* 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.


Mahamaya Steel Industries  (BOM:513554) 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.

Mahamaya Steel Industries's Inventory Turnover for the three months ended in Mar. 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.

Mahamaya Steel Industries's Inventory to Revenue for the three months ended in Mar. 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.


Mahamaya Steel Industries Days Inventory Related Terms

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


Mahamaya Steel Industries (BOM:513554) Business Description

Traded in Other Exchanges
Address
B/8-9, Sector - C, Urla Industrial Area, Sarora, Raipur, CT, IND, 493 221
Mahamaya Steel Industries Ltd is engaged in the manufacturing of steel structures in the shape of angles, beams, joists, channels, rounds, flats, railway sleepers among others. It has high-capacity structural rolling mills with full-fledged supportive SMS.

Mahamaya Steel Industries (BOM:513554) Headlines

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