Montrose Environmental Group (FRA:5MO) Days Inventory : 3.22 (As of Mar. 2024)

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What is Montrose Environmental Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Montrose Environmental Group's Average Total Inventories for the three months ended in Mar. 2024 was €3.1 Mil. Montrose Environmental Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €88.8 Mil. Hence, Montrose Environmental Group's Days Inventory for the three months ended in Mar. 2024 was 3.22.

The historical rank and industry rank for Montrose Environmental Group's Days Inventory or its related term are showing as below:

FRA:5MO' s Days Inventory Range Over the Past 10 Years
Min: 2.02 Med: 3.31 Max: 4.12
Current: 3.81

During the past 6 years, Montrose Environmental Group's highest Days Inventory was 4.12. The lowest was 2.02. And the median was 3.31.

FRA:5MO's Days Inventory is ranked better than
89.1% of 211 companies
in the Waste Management industry
Industry Median: 23.5 vs FRA:5MO: 3.81

Montrose Environmental Group's Days Inventory declined from Mar. 2023 (4.33) to Mar. 2024 (3.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. Montrose Environmental Group's Inventory Turnover for the three months ended in Mar. 2024 was 28.35.

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. Montrose Environmental Group's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.02.

Montrose Environmental Group Days Inventory Historical Data

The historical data trend for Montrose Environmental Group'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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Montrose Environmental Group Days Inventory Chart

Montrose Environmental Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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3.45

4.31

2.35

3.07

3.59

Montrose Environmental Group 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															4.33	4.19	4.40	4.01	3.22

Competitive Comparison of Montrose Environmental Group's Days Inventory

For the Waste Management subindustry, Montrose Environmental Group'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.

Montrose Environmental Group's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Montrose Environmental Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Montrose Environmental Group's Days Inventory falls into.

Montrose Environmental Group Days Inventory Calculation

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

Montrose Environmental Group'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
=	( (3.429	+	3.502)	/	2 )	/	352.039	*	365
=	3.4655					/	352.039	*	365
=	3.59

Montrose Environmental Group'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
=	( (3.502	+	2.764)	/	2 )	/	88.832	*	365 / 4
=	3.133					/	88.832	*	365 / 4
=	3.22

Montrose Environmental Group (FRA:5MO) 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.

Montrose Environmental Group's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	88.832	/	3.133
	=	28.35

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.

Montrose Environmental Group's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.133	/	142.899
	=	0.02

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.

Montrose Environmental Group Days Inventory Related Terms

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

Montrose Environmental Group (FRA:5MO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Montrose Environmental Group Inc (FRA:5MO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MEG:USA

Address

5120 Northshore Drive, North Little Rock, AR, USA, 72118

Website

https://www.montrose-env.com

Montrose Environmental Group Inc is an environmental services company. The firm's operating segments are Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Through its Assessment, Permitting, and Response segment, the company provides scientific advisory and consulting services to support environmental assessments, environmental emergency response, and environmental audits. Measurement and Analysis include test and analysis of air, water, and soil to determine concentrations of contaminants whereas, the Remediation and Reuse segment provide clients with engineering, design, implementation, operations and maintenance services, to treat contaminated water, remove contaminants from soil or create biogas from food or agricultural waste.

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