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Swaraj Engines (BOM:500407) Days Inventory : 23.41 (As of Mar. 2024)


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What is Swaraj Engines Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Swaraj Engines's Average Total Inventories for the three months ended in Mar. 2024 was ₹708 Mil. Swaraj Engines's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,759 Mil. Hence, Swaraj Engines's Days Inventory for the three months ended in Mar. 2024 was 23.41.

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

BOM:500407' s Days Inventory Range Over the Past 10 Years
Min: 18.06   Med: 23   Max: 35.49
Current: 31.92

During the past 13 years, Swaraj Engines's highest Days Inventory was 35.49. The lowest was 18.06. And the median was 23.00.

BOM:500407's Days Inventory is ranked better than
90.21% of 1257 companies
in the Vehicles & Parts industry
Industry Median: 81.74 vs BOM:500407: 31.92

Swaraj Engines's Days Inventory declined from Dec. 2022 (26.44) to Mar. 2024 (23.41).

Inventory Turnover measures how fast the company turns over its inventory within a year. Swaraj Engines's Inventory Turnover for the three months ended in Mar. 2024 was 3.90.

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. Swaraj Engines's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.20.


Swaraj Engines Days Inventory Historical Data

The historical data trend for Swaraj Engines'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.

Swaraj Engines Days Inventory Chart

Swaraj Engines Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.56 23.15 25.00 21.20 22.85

Swaraj Engines Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only 26.44 22.16 20.84 29.10 23.41

Competitive Comparison of Swaraj Engines's Days Inventory

For the Auto Parts subindustry, Swaraj Engines'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.


Swaraj Engines's Days Inventory Distribution in the Vehicles & Parts Industry

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

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



Swaraj Engines Days Inventory Calculation

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

Swaraj Engines'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
=( (696.077 + 708) / 2 ) / 11213*365
=702.0385 / 11213*365
=22.85

Swaraj Engines'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 + 708) / 1 ) / 2759.2*365 / 4
=708 / 2759.2*365 / 4
=23.41

* 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.


Swaraj Engines  (BOM:500407) 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.

Swaraj Engines's Inventory Turnover for the three months ended in Mar. 2024 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.

Swaraj Engines's Inventory to Revenue for the three months ended in Mar. 2024 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.


Swaraj Engines Days Inventory Related Terms

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


Swaraj Engines (BOM:500407) Business Description

Traded in Other Exchanges
Address
Phase-IV, Industrial Area, S.A.S. Nagar, Mohali, PB, IND, 160 055
Swaraj Engines Ltd is an India-based company engaged in the principal business of manufacturing and selling diesel engines for tractors. It operates in the segments of manufacturing Diesel engines, Diesel engine components, and Spare parts. It derives a majority of its revenue from the sale of Engines. The Engine products offered by the company comprise the range 20-30 HP, 30-40 HP, 40-50 HP and 50-60 HP.

Swaraj Engines (BOM:500407) Headlines

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