Magnit PJSC (MIC:MGNT) Days Inventory : 42.13 (As of Jun. 2023)

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What is Magnit PJSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Magnit PJSC's Average Total Inventories for the six months ended in Jun. 2023 was ₽219,076 Mil. Magnit PJSC's Cost of Goods Sold for the six months ended in Jun. 2023 was ₽948,935 Mil. Hence, Magnit PJSC's Days Inventory for the six months ended in Jun. 2023 was 42.13.

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

MIC:MGNT' s Days Inventory Range Over the Past 10 Years
Min: 31.79 Med: 58.97 Max: 69.26
Current: 41.86

During the past 13 years, Magnit PJSC's highest Days Inventory was 69.26. The lowest was 31.79. And the median was 58.97.

MIC:MGNT's Days Inventory is ranked worse than
55.96% of 302 companies
in the Retail - Defensive industry
Industry Median: 36.205 vs MIC:MGNT: 41.86

Magnit PJSC's Days Inventory declined from Jun. 2022 (45.81) to Jun. 2023 (42.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. Magnit PJSC's Inventory Turnover for the six months ended in Jun. 2023 was 4.33.

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. Magnit PJSC's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.18.

Magnit PJSC Days Inventory Historical Data

The historical data trend for Magnit PJSC'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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Magnit PJSC Days Inventory Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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65.72

69.26

65.26

55.32

44.68

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															58.60	49.07	45.81	41.83	42.13

Competitive Comparison of Magnit PJSC's Days Inventory

For the Discount Stores subindustry, Magnit PJSC'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.

Magnit PJSC's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Magnit PJSC's Days Inventory falls into.

Magnit PJSC Days Inventory Calculation

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

Magnit PJSC's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (224873.04	+	219435.679)	/	2 )	/	1814993.574	*	365
=	222154.3595					/	1814993.574	*	365
=	44.68

Magnit PJSC's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (219435.679	+	218715.746)	/	2 )	/	948934.91	*	365 / 2
=	219075.7125					/	948934.91	*	365 / 2
=	42.13

Magnit PJSC (MIC:MGNT) 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.

Magnit PJSC's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	948934.91	/	219075.7125
	=	4.33

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.

Magnit PJSC's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	219075.7125	/	1229455.981
	=	0.18

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.

Magnit PJSC Days Inventory Related Terms

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

Magnit PJSC (MIC:MGNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (MIC:MGNT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.