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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
60.79% of 1492 companies
in the Chemicals industry
Industry Median: 83.25 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.

* Premium members only.

Mahickra Chemicals Days Inventory Chart

Mahickra Chemicals Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

* 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.


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

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

* 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.


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

Traded in Other Exchanges
N/A
Address
Plot No. 1201-1202, Phase-3, G.I.D.C Estate, Vatva, Ahmedabad, GJ, IND, 382445
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.

Mahickra Chemicals (NSE:MAHICKRA) Headlines

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