Charms Industries (BOM:531327) Days Inventory : 60.67 (As of Dec. 2023)

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What is Charms Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Charms Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹1.00 Mil. Charms Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1.50 Mil. Hence, Charms Industries's Days Inventory for the three months ended in Dec. 2023 was 60.67.

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

BOM:531327' s Days Inventory Range Over the Past 10 Years
Min: 0.02 Med: 2.38 Max: 721.35
Current: 137.06

During the past 13 years, Charms Industries's highest Days Inventory was 721.35. The lowest was 0.02. And the median was 2.38.

BOM:531327's Days Inventory is ranked worse than
63.76% of 218 companies
in the Capital Markets industry
Industry Median: 60.81 vs BOM:531327: 137.06

Charms Industries's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (60.67). It might indicate that Charms Industries's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Charms Industries's Inventory Turnover for the three months ended in Dec. 2023 was 1.50.

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. Charms Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.73.

Charms Industries Days Inventory Historical Data

The historical data trend for Charms Industries'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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Charms Industries Days Inventory Chart

Charms Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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0.02

1.56

438.70

Charms Industries 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															-	186.22	177.88	584.94	60.67

Competitive Comparison of Charms Industries's Days Inventory

For the Capital Markets subindustry, Charms Industries'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.

Charms Industries's Days Inventory Distribution in the Capital Markets Industry

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

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

Charms Industries Days Inventory Calculation

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

Charms Industries'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
=	( (0	+	1)	/	1 )	/	0.832	*	365
=	1					/	0.832	*	365
=	438.70

Charms Industries'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
=	( (1	+	0)	/	1 )	/	1.504	*	365 / 4
=	1					/	1.504	*	365 / 4
=	60.67

Charms Industries (BOM:531327) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.504	/	1
	=	1.50

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1	/	1.378
	=	0.73

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.

Charms Industries Days Inventory Related Terms

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

Charms Industries (BOM:531327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Charms Industries Ltd (BOM:531327) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

108-B/109, Sampada Building, Mithakali Six Roads, Opposite Hare Krishna Complex, Behind Kiran Motors, Ahmedabad, GJ, IND, 380 009

Website

http://www.charmsindustries.co.in

Charms Industries Ltd is an RBI registered full-fledged money changer. In money changing, the company provides an array of products and services including buying and selling of foreign currency notes, servicing of co-branded International prepaid multicurrency travel cards, issuance of foreign currency demand drafts, travelers' cheques and outward telegraphic remittances, including outbound remittances towards student fees, film shoots, tour remittances etc. and also extend encasements of foreign currency demand drafts, travelers' cheques and forex prepaid cards.

Charms Industries (BOM:531327) Headlines

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