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Advanced Enzyme Technologies (BOM:540025) Days Inventory : 352.95 (As of Dec. 2023)


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What is Advanced Enzyme Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Advanced Enzyme Technologies's Average Total Inventories for the three months ended in Dec. 2023 was ₹1,356 Mil. Advanced Enzyme Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹351 Mil. Hence, Advanced Enzyme Technologies's Days Inventory for the three months ended in Dec. 2023 was 352.95.

The historical rank and industry rank for Advanced Enzyme Technologies's Days Inventory or its related term are showing as below:

BOM:540025' s Days Inventory Range Over the Past 10 Years
Min: 300.57   Med: 311.35   Max: 341.82
Current: 303.45

During the past 13 years, Advanced Enzyme Technologies's highest Days Inventory was 341.82. The lowest was 300.57. And the median was 311.35.

BOM:540025's Days Inventory is ranked worse than
95.38% of 1492 companies
in the Chemicals industry
Industry Median: 83.25 vs BOM:540025: 303.45

Advanced Enzyme Technologies's Days Inventory increased from Dec. 2022 (300.60) to Dec. 2023 (352.95). It might indicate that Advanced Enzyme Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Advanced Enzyme Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 0.26.

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. Advanced Enzyme Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.84.


Advanced Enzyme Technologies Days Inventory Historical Data

The historical data trend for Advanced Enzyme Technologies'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.

Advanced Enzyme Technologies Days Inventory Chart

Advanced Enzyme Technologies 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 341.82 328.48 300.57 328.24 313.07

Advanced Enzyme Technologies 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 300.60 254.06 305.84 334.44 352.95

Competitive Comparison of Advanced Enzyme Technologies's Days Inventory

For the Specialty Chemicals subindustry, Advanced Enzyme Technologies'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.


Advanced Enzyme Technologies's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Advanced Enzyme Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Advanced Enzyme Technologies's Days Inventory falls into.



Advanced Enzyme Technologies Days Inventory Calculation

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

Advanced Enzyme Technologies'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
=( (1209.2 + 1239.9) / 2 ) / 1427.68*365
=1224.55 / 1427.68*365
=313.07

Advanced Enzyme Technologies'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
=( (1356.25 + 0) / 1 ) / 350.64*365 / 4
=1356.25 / 350.64*365 / 4
=352.95

* 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.


Advanced Enzyme Technologies  (BOM:540025) 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.

Advanced Enzyme Technologies'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.

Advanced Enzyme Technologies'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.


Advanced Enzyme Technologies Days Inventory Related Terms

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


Advanced Enzyme Technologies (BOM:540025) Business Description

Traded in Other Exchanges
Address
Near LIC Service Road, Sun Magnetica, A Wing, 5th Floor, Louiswadi, Thane (West), Thane, MH, IND, 400604
Advanced Enzyme Technologies Ltd is an Indian company engaged in research activities to manufacture and sell enzymes. The Company operates only in one business segment viz. manufacturing and sales of enzymes. The company offers enzymes for human healthcare and nutrition, animal nutrition, food processing, and non-food processing. Some of the products offered by the company are serratiopeptidase, fungal lipase, papain, hemicellulose, and digegrain, among others. Geographically, the entity operates in India, Europe, the USA, Asia, and other countries, of which a majority of the revenue is derived from India.

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