Meera Industries (BOM:540519) Days Inventory : 228.75 (As of Dec. 2023)

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What is Meera Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Meera Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹114.6 Mil. Meera Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹45.7 Mil. Hence, Meera Industries's Days Inventory for the three months ended in Dec. 2023 was 228.75.

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

BOM:540519' s Days Inventory Range Over the Past 10 Years
Min: 33.22 Med: 82.76 Max: 270.72
Current: 252.76

During the past 12 years, Meera Industries's highest Days Inventory was 270.72. The lowest was 33.22. And the median was 82.76.

BOM:540519's Days Inventory is ranked worse than
84.68% of 2911 companies
in the Industrial Products industry
Industry Median: 120.53 vs BOM:540519: 252.76

Meera Industries's Days Inventory declined from Dec. 2022 (320.77) to Dec. 2023 (228.75).

Inventory Turnover measures how fast the company turns over its inventory within a year. Meera Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.40.

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. Meera Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.51.

Meera Industries Days Inventory Historical Data

The historical data trend for Meera 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.

Meera Industries Days Inventory Chart

Meera Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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78.69

216.40

244.24

182.58

270.72

Meera Industries Quarterly Data
	Jan17	Sep17	Mar18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															320.77	228.83	290.75	272.14	228.75

Competitive Comparison of Meera Industries's Days Inventory

For the Specialty Industrial Machinery subindustry, Meera 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.

Meera Industries's Days Inventory Distribution in the Industrial Products Industry

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

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

Meera Industries Days Inventory Calculation

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

Meera 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
=	( (99.177	+	106.664)	/	2 )	/	138.763	*	365
=	102.9205					/	138.763	*	365
=	270.72

Meera 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
=	( (114.569	+	0)	/	1 )	/	45.703	*	365 / 4
=	114.569					/	45.703	*	365 / 4
=	228.75

Meera Industries (BOM:540519) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	45.703	/	114.569
	=	0.40

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	114.569	/	76.055
	=	1.51

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.

Meera Industries Days Inventory Related Terms

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

Meera Industries (BOM:540519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meera Industries Ltd (BOM:540519) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2126, Road No. 2 GIDC, Sachin, Surat, GJ, IND, 394230

Website

https://www.meeraind.com

Meera Industries Ltd is engaged in the production of textile twisting machinery and technology. The product portfolio includes Two for one twister, Servo-controlled cop winder, Cone-assembly winder, Ring twister, covering machine, TPRS twister machine, and Heavy-duty twister and cabler machine, and Continuous bulk and heat setting machine. Its operating segment includes Machine manufacturing, Machine trading and Yarn. The company generates maximum revenue from the Machine manufacturing segment. Geographically, it derives a majority of revenue from India.

Meera Industries (BOM:540519) Headlines

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