Mayville Engineering Co (Mayville Engineering Co) Days Inventory : 49.38 (As of Dec. 2023)

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What is Mayville Engineering Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mayville Engineering Co's Average Total Inventories for the three months ended in Dec. 2023 was $70.5 Mil. Mayville Engineering Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $130.4 Mil. Hence, Mayville Engineering Co's Days Inventory for the three months ended in Dec. 2023 was 49.38.

The historical rank and industry rank for Mayville Engineering Co's Days Inventory or its related term are showing as below:

MEC' s Days Inventory Range Over the Past 10 Years
Min: 39.23 Med: 49.08 Max: 54.13
Current: 49.06

During the past 7 years, Mayville Engineering Co's highest Days Inventory was 54.13. The lowest was 39.23. And the median was 49.08.

MEC's Days Inventory is ranked better than
88.75% of 2907 companies
in the Industrial Products industry
Industry Median: 119.76 vs MEC: 49.06

Mayville Engineering Co's Days Inventory declined from Dec. 2022 (57.90) to Dec. 2023 (49.38).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mayville Engineering Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.85.

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. Mayville Engineering Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.47.

Mayville Engineering Co Days Inventory Historical Data

The historical data trend for Mayville Engineering Co'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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Mayville Engineering Co Days Inventory Chart

Mayville Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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39.23

48.72

50.45

54.13

49.08

Mayville Engineering Co 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															57.90	50.82	50.41	45.93	49.38

Competitive Comparison of Mayville Engineering Co's Days Inventory

For the Metal Fabrication subindustry, Mayville Engineering Co'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.

Mayville Engineering Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mayville Engineering Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mayville Engineering Co's Days Inventory falls into.

Mayville Engineering Co Days Inventory Calculation

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

Mayville Engineering Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (71.708	+	67.782)	/	2 )	/	518.722	*	365
=	69.745					/	518.722	*	365
=	49.08

Mayville Engineering Co'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
=	( (73.311	+	67.782)	/	2 )	/	130.371	*	365 / 4
=	70.5465					/	130.371	*	365 / 4
=	49.38

Mayville Engineering Co (NYSE:MEC) 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.

Mayville Engineering Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	130.371	/	70.5465
	=	1.85

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.

Mayville Engineering Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	70.5465	/	148.582
	=	0.47

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.

Mayville Engineering Co Days Inventory Related Terms

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

Mayville Engineering Co (Mayville Engineering Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mayville Engineering Co Inc (NYSE:MEC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

2YN:Germany

Address

715 South Street, Mayville, WI, USA, 53050

Website

https://www.mecinc.com

Mayville Engineering Co Inc is involved in a manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services.

Executives

Steven L Fisher	director	100 N.E. ADAMS STREET, PEORIA IL 61629
Jagadeesh A Reddy	director, officer: President & CEO	715 SOUTH STREET, MAYVILLE WI 53050
Allen J Carlson	director	1500 WEST UNIVERSITY PARKWAY, SARASOTA FL 34243
Robert L Mccormick	director	C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Timothy L Christen	director, other: Chair of the Board	715 SOUTH STREET, MAYVILLE WI 53050
Jennifer J. Kent	director	QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089-3995
Jay O. Rothman	director	C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Patrick D Michels	director	715 SOUTH STREET, MAYVILLE WI 53050
Rachele Marie Lehr	officer: Chief Human Resources Officer	12301 W WIRTH ST, WAUWATOSA WI 53222
Sean P Leuba	officer: SVP, Corp. Development & GC	715 SOUTH STREET, MAYVILLE WI 53050
Todd M Butz	officer: Chief Financial Officer	715 SOUTH STREET, MAYVILLE WI 53050
Robert D Kamphuis	director, officer: Chairman, Pres. & CEO	715 SOUTH STREET, MAYVILLE WI 53050
Craig E Johnson	director	715 SOUTH STREET, MAYVILLE WI 53050
Eric J Welak	officer: EVP - Fabrication	715 SOUTH STREET, MAYVILLE WI 53050
St. Peter John A	director	715 SOUTH STREET, MAYVILLE WI 53050