Indraprastha Medical (NSE:INDRAMEDCO) Days Inventory : 5.70 (As of Dec. 2023)

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What is Indraprastha Medical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Indraprastha Medical's Average Total Inventories for the three months ended in Dec. 2023 was ₹80 Mil. Indraprastha Medical's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,275 Mil. Hence, Indraprastha Medical's Days Inventory for the three months ended in Dec. 2023 was 5.70.

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

NSE:INDRAMEDCO' s Days Inventory Range Over the Past 10 Years
Min: 6.41 Med: 10.39 Max: 15.26
Current: 6.41

During the past 13 years, Indraprastha Medical's highest Days Inventory was 15.26. The lowest was 6.41. And the median was 10.39.

NSE:INDRAMEDCO's Days Inventory is ranked better than
86.78% of 469 companies
in the Healthcare Providers & Services industry
Industry Median: 32.39 vs NSE:INDRAMEDCO: 6.41

Indraprastha Medical's Days Inventory declined from Dec. 2022 (8.19) to Dec. 2023 (5.70).

Inventory Turnover measures how fast the company turns over its inventory within a year. Indraprastha Medical's Inventory Turnover for the three months ended in Dec. 2023 was 16.02.

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. Indraprastha Medical's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.

Indraprastha Medical Days Inventory Historical Data

The historical data trend for Indraprastha Medical'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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Indraprastha Medical Days Inventory Chart

Indraprastha Medical Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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9.29

10.56

15.26

8.92

7.10

Indraprastha Medical Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															8.19	6.61	5.88	5.39	5.70

Competitive Comparison of Indraprastha Medical's Days Inventory

For the Medical Care Facilities subindustry, Indraprastha Medical'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.

Indraprastha Medical's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Indraprastha Medical's Days Inventory distribution charts can be found below:

* The bar in red indicates where Indraprastha Medical's Days Inventory falls into.

Indraprastha Medical Days Inventory Calculation

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

Indraprastha Medical'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
=	( (99.9	+	84.5)	/	2 )	/	4741.6	*	365
=	92.2					/	4741.6	*	365
=	7.10

Indraprastha Medical's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (79.6	+	0)	/	1 )	/	1275.3	*	365 / 4
=	79.6					/	1275.3	*	365 / 4
=	5.70

Indraprastha Medical (NSE:INDRAMEDCO) 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.

Indraprastha Medical's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1275.3	/	79.6
	=	16.02

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.

Indraprastha Medical's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	79.6	/	3064.6
	=	0.03

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.

Indraprastha Medical Days Inventory Related Terms

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

Indraprastha Medical (NSE:INDRAMEDCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Indraprastha Medical Corp Ltd (NSE:INDRAMEDCO) » Definitions » Days Inventory

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Traded in Other Exchanges

532150:India

Address

Delhi-Mathura Road, Sarita Vihar, New Delhi, IND, 110 076

Website

https://delhi.apollohospitals.com

Indraprastha Medical Corp Ltd is an Indian company that operates in the healthcare business. It offers services in the field of anaesthesiology, pediatrics, bone marrow transplant, dental surgery, neonatology, dermatology, obesity, and metabolic surgery, orthopaedics, robotic surgery, spine surgery and in many other areas. The company also provides diagnosis, treatment, and management of various hormonal disorders; and inpatient and ambulatory care services. Geographically all the business activities of the group are carried out through the regions of India. It derives revenue from the provision of services.

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