Wipro (WIT) Days Inventory : 0.77 (As of Sep. 2023)

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What is Wipro Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wipro's Average Total Inventories for the three months ended in Sep. 2023 was $16 Mil. Wipro's Cost of Goods Sold for the three months ended in Sep. 2023 was $1,916 Mil. Hence, Wipro's Days Inventory for the three months ended in Sep. 2023 was 0.77.

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

WIT' s Days Inventory Range Over the Past 10 Years
Min: 0.71 Med: 3.33 Max: 5.24
Current: 0.89

During the past 13 years, Wipro's highest Days Inventory was 5.24. The lowest was 0.71. And the median was 3.33.

WIT's Days Inventory is ranked better than
88.37% of 1565 companies
in the Software industry
Industry Median: 19.61 vs WIT: 0.89

Wipro's Days Inventory declined from Sep. 2022 (1.04) to Sep. 2023 (0.77).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wipro's Inventory Turnover for the three months ended in Sep. 2023 was 119.24.

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. Wipro's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.01.

Wipro Days Inventory Historical Data

The historical data trend for Wipro'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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Wipro Days Inventory Chart

Wipro Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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3.34

2.55

1.24

0.80

0.74

Wipro Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															1.04	1.14	0.90	0.72	0.77

Competitive Comparison of Wipro's Days Inventory

For the Information Technology Services subindustry, Wipro'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.

Wipro's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Wipro's Days Inventory distribution charts can be found below:

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

Wipro Days Inventory Calculation

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

Wipro'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
=	( (17.509	+	14.441)	/	2 )	/	7845.793	*	365
=	15.975					/	7845.793	*	365
=	0.74

Wipro'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (16.722	+	15.421)	/	2 )	/	1916.348	*	365 / 4
=	16.0715					/	1916.348	*	365 / 4
=	0.77

Wipro (NYSE:WIT) 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.

Wipro's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1916.348	/	16.0715
	=	119.24

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.

Wipro's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.0715	/	2710.473
	=	0.01

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.

Wipro Days Inventory Related Terms

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

Wipro (WIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wipro Ltd (NYSE:WIT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WIPRO:India 507685:India WIOA:Germany WIOA:Germany WIOA:Austria

Address

Sarjapur Road, Doddakannelli, Bangalore, KA, IND, 560 035

Website

https://www.wipro.com

Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, this India IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service.