Force Motors (BOM:500033) Days Inventory : 73.16 (As of Mar. 2024)

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What is Force Motors Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Force Motors's Average Total Inventories for the three months ended in Mar. 2024 was ₹11,632 Mil. Force Motors's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹14,507 Mil. Hence, Force Motors's Days Inventory for the three months ended in Mar. 2024 was 73.16.

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

BOM:500033' s Days Inventory Range Over the Past 10 Years
Min: 62.61 Med: 77.71 Max: 131.59
Current: 69.12

During the past 13 years, Force Motors's highest Days Inventory was 131.59. The lowest was 62.61. And the median was 77.71.

BOM:500033's Days Inventory is ranked better than
59.75% of 1257 companies
in the Vehicles & Parts industry
Industry Median: 81.74 vs BOM:500033: 69.12

Force Motors's Days Inventory increased from Mar. 2023 (65.97) to Mar. 2024 (73.16). It might indicate that Force Motors's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Force Motors's Inventory Turnover for the three months ended in Mar. 2024 was 1.25.

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. Force Motors's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.58.

Force Motors Days Inventory Historical Data

The historical data trend for Force Motors'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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Force Motors Days Inventory Chart

Force Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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84.14

131.59

83.26

68.14

70.86

Force Motors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															65.97	68.82	62.19	68.57	73.16

Competitive Comparison of Force Motors's Days Inventory

For the Auto Manufacturers subindustry, Force Motors'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.

Force Motors's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Force Motors's Days Inventory distribution charts can be found below:

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

Force Motors Days Inventory Calculation

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

Force Motors's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (8265.5	+	11631.9)	/	2 )	/	51244.7	*	365
=	9948.7					/	51244.7	*	365
=	70.86

Force Motors's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	11631.9)	/	1 )	/	14507.3	*	365 / 4
=	11631.9					/	14507.3	*	365 / 4
=	73.16

Force Motors (BOM:500033) 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.

Force Motors's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14507.3	/	11631.9
	=	1.25

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.

Force Motors's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11631.9	/	20112.1
	=	0.58

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.

Force Motors Days Inventory Related Terms

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

Force Motors (BOM:500033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Force Motors Ltd (BOM:500033) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FORCEMOT:India

Address

Mumbai-Pune Road, Akurdi, Pune, MH, IND, 411 035

Website

https://www.forcemotors.com

Force Motors Ltd is an automobile manufacturing company domiciled in India. The company principally manufactures small commercial vehicles, including cargo transportation; light commercial vehicles, such as buses and vans; multi-utility vehicles; sports utility vehicles; and agricultural tractors. In addition to vehicle manufacturing operations, Force Motors manufactures products related to the automobile industry, such as diesel engines. Production is largely sold domestically, and the company's manufacturing operations are conducted in domestic plants.

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