McRae Industries (McRae Industries) Days Inventory : 93.25 (As of Jul. 2023)

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What is McRae Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). McRae Industries's Average Total Inventories for the six months ended in Jul. 2023 was $23.2 Mil. McRae Industries's Cost of Goods Sold for the six months ended in Jul. 2023 was $90.8 Mil. Hence, McRae Industries's Days Inventory for the six months ended in Jul. 2023 was 46.62.

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

MCRAA' s Days Inventory Range Over the Past 10 Years
Min: 77.15 Med: 114.74 Max: 147.45
Current: 93.25

During the past 13 years, McRae Industries's highest Days Inventory was 147.45. The lowest was 77.15. And the median was 114.74.

MCRAA's Days Inventory is ranked better than
66.5% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.685 vs MCRAA: 93.25

McRae Industries's Days Inventory increased from Jul. 2021 (77.15) to Jul. 2023 (93.25). It might indicate that McRae Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. McRae Industries's Inventory Turnover for the six months ended in Jul. 2023 was 3.91.

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. McRae Industries's Inventory-to-Revenue for the six months ended in Jul. 2023 was 0.19.

McRae Industries Days Inventory Historical Data

The historical data trend for McRae 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.

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McRae Industries Days Inventory Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Days Inventory

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91.15

105.38

77.15

101.12

93.25

McRae Industries Semi-Annual Data
	Jul89	Jul90	Jul91	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Days Inventory	Get a 7-Day Free Trial															91.15	105.38	77.15	101.12	93.25

Competitive Comparison of McRae Industries's Days Inventory

For the Footwear & Accessories subindustry, McRae 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.

McRae Industries's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, McRae Industries's Days Inventory distribution charts can be found below:

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

McRae Industries Days Inventory Calculation

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

McRae Industries's Days Inventory for the fiscal year that ended in Jul. 2023 is calculated as

	Days Inventory (A: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (24.484	+	21.914)	/	2 )	/	90.808	*	365
=	23.199					/	90.808	*	365
=	93.25

McRae Industries's Days Inventory for the quarter that ended in Jul. 2023 is calculated as:

	Days Inventory (Q: Jul. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2022 )	+	Total Inventories (Q: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
=	( (24.484	+	21.914)	/	2 )	/	90.808	*	365 / 2
=	23.199					/	90.808	*	365 / 2
=	46.62

McRae Industries (OTCPK:MCRAA) 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.

McRae Industries's Inventory Turnover for the six months ended in Jul. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	90.808	/	23.199
	=	3.91

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.

McRae Industries's Inventory to Revenue for the six months ended in Jul. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.199	/	124.702
	=	0.19

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.

McRae Industries Days Inventory Related Terms

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

McRae Industries (McRae Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MCRAB:USA

Address

400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306

Website

http://www.mcraeindustries.com

McRae Industries Inc operates in the footwear industry. Its principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. It operates through the Western and Lifestyle Segments. The Western and Lifestyle segment, which is the key revenue driver, includes western, ladies fashion, and children's footwear products under the Dan Post, Dingo, and Laredo Western Boots brand names.