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Wardwizard Innovations & Mobility (BOM:538970) Days Inventory : 73.55 (As of Mar. 2024)


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What is Wardwizard Innovations & Mobility Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wardwizard Innovations & Mobility's Average Total Inventories for the three months ended in Mar. 2024 was ₹776 Mil. Wardwizard Innovations & Mobility's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹963 Mil. Hence, Wardwizard Innovations & Mobility's Days Inventory for the three months ended in Mar. 2024 was 73.55.

The historical rank and industry rank for Wardwizard Innovations & Mobility's Days Inventory or its related term are showing as below:

BOM:538970' s Days Inventory Range Over the Past 10 Years
Min: 22.96   Med: 116.49   Max: 7494.64
Current: 148.5

During the past 11 years, Wardwizard Innovations & Mobility's highest Days Inventory was 7494.64. The lowest was 22.96. And the median was 116.49.

BOM:538970's Days Inventory is ranked worse than
82.99% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 81.39 vs BOM:538970: 148.50

Wardwizard Innovations & Mobility's Days Inventory declined from Dec. 2022 (124.66) to Mar. 2024 (73.55).

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. Wardwizard Innovations & Mobility's Inventory Turnover for the three months ended in Mar. 2024 was 1.24.

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. Wardwizard Innovations & Mobility's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.61.


Wardwizard Innovations & Mobility Days Inventory Historical Data

The historical data trend for Wardwizard Innovations & Mobility'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.

Wardwizard Innovations & Mobility Days Inventory Chart

Wardwizard Innovations & Mobility 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 7,494.64 53.68 90.83 133.41 116.49

Wardwizard Innovations & Mobility 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 124.66 171.23 223.50 128.56 73.55

Competitive Comparison of Wardwizard Innovations & Mobility's Days Inventory

For the Auto Manufacturers subindustry, Wardwizard Innovations & Mobility'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.


Wardwizard Innovations & Mobility's Days Inventory Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Wardwizard Innovations & Mobility's Days Inventory falls into.



Wardwizard Innovations & Mobility Days Inventory Calculation

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

Wardwizard Innovations & Mobility'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
=( (687.938 + 776.161) / 2 ) / 2293.726*365
=732.0495 / 2293.726*365
=116.49

Wardwizard Innovations & Mobility'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 + 776.161) / 1 ) / 962.977*365 / 4
=776.161 / 962.977*365 / 4
=73.55

* 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.


Wardwizard Innovations & Mobility  (BOM:538970) 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.

Wardwizard Innovations & Mobility'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.

Wardwizard Innovations & Mobility'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.


Wardwizard Innovations & Mobility Days Inventory Related Terms

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


Wardwizard Innovations & Mobility (BOM:538970) Business Description

Traded in Other Exchanges
N/A
Address
Survey 26/2, Ajwa Road, Opposite Pooja Farm Sayajipura, Vadodara, GJ, IND, 390019
Wardwizard Innovations & Mobility Ltd and its subsidiary are engaged in the manufacturing and selling of transport equipment. It operates through the following segments: Joy E-Bike; Vyom Innovations and Sale of services. Geographically it generates a majority of revenue from India.

Wardwizard Innovations & Mobility (BOM:538970) Headlines

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