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Abans Enterprises (BOM:512165) Days Inventory : 12.38 (As of Dec. 2023)


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What is Abans Enterprises Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Abans Enterprises's Average Total Inventories for the three months ended in Dec. 2023 was ₹642 Mil. Abans Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹4,731 Mil. Hence, Abans Enterprises's Days Inventory for the three months ended in Dec. 2023 was 12.38.

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

BOM:512165' s Days Inventory Range Over the Past 10 Years
Min: 4.83   Med: 5.81   Max: 16.2
Current: 16.2

During the past 13 years, Abans Enterprises's highest Days Inventory was 16.20. The lowest was 4.83. And the median was 5.81.

BOM:512165's Days Inventory is ranked better than
67.43% of 218 companies
in the Capital Markets industry
Industry Median: 61.3 vs BOM:512165: 16.20

Abans Enterprises's Days Inventory increased from Dec. 2022 (7.09) to Dec. 2023 (12.38). It might indicate that Abans Enterprises's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Abans Enterprises's Inventory Turnover for the three months ended in Dec. 2023 was 7.37.

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. Abans Enterprises's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.13.


Abans Enterprises Days Inventory Historical Data

The historical data trend for Abans Enterprises'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.

Abans Enterprises Days Inventory Chart

Abans Enterprises 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 8.07 5.35 4.83 4.97 13.92

Abans Enterprises 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 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 7.09 27.88 34.79 13.59 12.38

Competitive Comparison of Abans Enterprises's Days Inventory

For the Capital Markets subindustry, Abans Enterprises'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.


Abans Enterprises's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abans Enterprises's Days Inventory distribution charts can be found below:

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



Abans Enterprises Days Inventory Calculation

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

Abans Enterprises'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
=( (373.332 + 1034.653) / 2 ) / 18461.9*365
=703.9925 / 18461.9*365
=13.92

Abans Enterprises'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
=( (642.101 + 0) / 1 ) / 4730.948*365 / 4
=642.101 / 4730.948*365 / 4
=12.38

* 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.


Abans Enterprises  (BOM:512165) 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.

Abans Enterprises's Inventory Turnover for the three months ended in Dec. 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.

Abans Enterprises's Inventory to Revenue for the three months ended in Dec. 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.


Abans Enterprises Days Inventory Related Terms

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


Abans Enterprises (BOM:512165) Business Description

Traded in Other Exchanges
N/A
Address
227 Nariman Bhavan, 36, 37, 38A, 3rd Floor, Backbay Reclamation, Nariman Point, Mumbai, MH, IND, 400 021
Abans Enterprises Ltd is involved in the business of trading, processing, broking, and consulting in commodities, agricultural products, precious metals, shares, and derivatives in electronic exchanges. The company's operating segment includes General Trading of commodities and Trading in Derivatives. It generates maximum revenue from the General Trading of commodities segment.

Abans Enterprises (BOM:512165) Headlines

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