Mahickra Chemicals (NSE:MAHICKRA) Days Inventory : 127.66 (As of Sep. 2023)

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What is Mahickra Chemicals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mahickra Chemicals's Average Total Inventories for the six months ended in Sep. 2023 was ₹213.4 Mil. Mahickra Chemicals's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹305.1 Mil. Hence, Mahickra Chemicals's Days Inventory for the six months ended in Sep. 2023 was 127.66.

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

NSE:MAHICKRA' s Days Inventory Range Over the Past 10 Years
Min: 38.15 Med: 61.23 Max: 209.11
Current: 99.68

During the past 11 years, Mahickra Chemicals's highest Days Inventory was 209.11. The lowest was 38.15. And the median was 61.23.

NSE:MAHICKRA's Days Inventory is ranked worse than
61.55% of 1493 companies
in the Chemicals industry
Industry Median: 82.8 vs NSE:MAHICKRA: 99.68

Mahickra Chemicals's Days Inventory increased from Sep. 2022 (69.76) to Sep. 2023 (127.66). It might indicate that Mahickra Chemicals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mahickra Chemicals's Inventory Turnover for the six months ended in Sep. 2023 was 1.43.

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. Mahickra Chemicals's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.59.

Mahickra Chemicals Days Inventory Historical Data

The historical data trend for Mahickra Chemicals'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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Mahickra Chemicals Days Inventory Chart

Mahickra Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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45.13

41.44

61.23

65.18

73.41

Mahickra Chemicals Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial												76.81	57.50	69.76	77.45	127.66

Competitive Comparison of Mahickra Chemicals's Days Inventory

For the Specialty Chemicals subindustry, Mahickra Chemicals'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.

Mahickra Chemicals's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mahickra Chemicals's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mahickra Chemicals's Days Inventory falls into.

Mahickra Chemicals Days Inventory Calculation

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

Mahickra Chemicals'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
=	( (174.636	+	189.834)	/	2 )	/	906.053	*	365
=	182.235					/	906.053	*	365
=	73.41

Mahickra Chemicals'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
=	( (189.834	+	237.027)	/	2 )	/	305.119	*	365 / 2
=	213.4305					/	305.119	*	365 / 2
=	127.66

Mahickra Chemicals (NSE:MAHICKRA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	305.119	/	213.4305
	=	1.43

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	213.4305	/	364.645
	=	0.59

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.

Mahickra Chemicals Days Inventory Related Terms

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

Mahickra Chemicals (NSE:MAHICKRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mahickra Chemicals Ltd (NSE:MAHICKRA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 1201-1202, Phase-3, G.I.D.C Estate, Vatva, Ahmedabad, GJ, IND, 382445

Website

https://www.mahickra.com

Mahickra Chemicals Ltd is an India based company engaged in the business of manufacturing of dyes and chemicals. It also exports dyes and chemical products. The product portfolio of the company includes Reactive dyes, Acid dyes, Direct dyes, Pigment powder and emulsion, Specialty chemicals and Synthetic food colors.

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