Marshall Monteagle (JSE:MMP) Days Inventory : 58.04 (As of Sep. 2023)

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What is Marshall Monteagle Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Marshall Monteagle's Average Total Inventories for the six months ended in Sep. 2023 was R305 Mil. Marshall Monteagle's Cost of Goods Sold for the six months ended in Sep. 2023 was R960 Mil. Hence, Marshall Monteagle's Days Inventory for the six months ended in Sep. 2023 was 58.04.

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

JSE:MMP' s Days Inventory Range Over the Past 10 Years
Min: 35.83 Med: 54.41 Max: 75.42
Current: 71.62

During the past 13 years, Marshall Monteagle's highest Days Inventory was 75.42. The lowest was 35.83. And the median was 54.41.

JSE:MMP's Days Inventory is ranked better than
61.27% of 142 companies
in the Industrial Distribution industry
Industry Median: 87.29 vs JSE:MMP: 71.62

Marshall Monteagle's Days Inventory increased from Sep. 2022 (56.31) to Sep. 2023 (58.04). It might indicate that Marshall Monteagle's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Marshall Monteagle's Inventory Turnover for the six months ended in Sep. 2023 was 3.14.

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. Marshall Monteagle's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.26.

Marshall Monteagle Days Inventory Historical Data

The historical data trend for Marshall Monteagle'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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Marshall Monteagle Days Inventory Chart

Marshall Monteagle Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Mar23

Days Inventory

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35.83

65.68

71.11

75.42

54.41

Marshall Monteagle Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															65.24	42.94	56.31	88.36	58.04

Competitive Comparison of Marshall Monteagle's Days Inventory

For the Industrial Distribution subindustry, Marshall Monteagle'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.

Marshall Monteagle's Days Inventory Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Marshall Monteagle's Days Inventory distribution charts can be found below:

* The bar in red indicates where Marshall Monteagle's Days Inventory falls into.

Marshall Monteagle Days Inventory Calculation

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

Marshall Monteagle'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: Sep. 2020 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (207.869	+	309.17)	/	2 )	/	1734.177	*	365
=	258.5195					/	1734.177	*	365
=	54.41

Marshall Monteagle's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (309.17	+	301.384)	/	2 )	/	959.987	*	365 / 2
=	305.277					/	959.987	*	365 / 2
=	58.04

Marshall Monteagle (JSE:MMP) 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.

Marshall Monteagle's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	959.987	/	305.277
	=	3.14

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.

Marshall Monteagle's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	305.277	/	1171.265
	=	0.26

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.

Marshall Monteagle Days Inventory Related Terms

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

Marshall Monteagle (JSE:MMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Marshall Monteagle PLC (JSE:MMP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

66-72 Esplanade, 2nd Floor, Gaspe House, Saint Helier, JEY, JE1 1GH

Website

https://www.monteaglegroup.com

Marshall Monteagle PLC operates trading businesses involved in the importation and distribution of hand tools, machinery and non-perishable food products, coffee roasting, importing and exporting and trading in metals and minerals. It is also involved in the property business. The company generates the majority of its revenue from the Import and distribution segment, which is engaged in Trade in non-perishable products, such as food, food ingredients, household consumer products, metal and minerals, manufacturing inputs, and tools; primarily imports to South Africa and Latin America, and exports from South Africa.