Prime Fresh (BOM:540404) Days Inventory : 17.53 (As of Sep. 2023)

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What is Prime Fresh Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Prime Fresh's Average Total Inventories for the six months ended in Sep. 2023 was ₹45 Mil. Prime Fresh's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹471 Mil. Hence, Prime Fresh's Days Inventory for the six months ended in Sep. 2023 was 17.53.

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

BOM:540404' s Days Inventory Range Over the Past 10 Years
Min: 13.39 Med: 25.28 Max: 42.26
Current: 14.8

During the past 12 years, Prime Fresh's highest Days Inventory was 42.26. The lowest was 13.39. And the median was 25.28.

BOM:540404's Days Inventory is ranked better than
85.15% of 303 companies
in the Retail - Defensive industry
Industry Median: 35.95 vs BOM:540404: 14.80

Prime Fresh's Days Inventory increased from Sep. 2022 (15.98) to Sep. 2023 (17.53). It might indicate that Prime Fresh's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Prime Fresh's Inventory Turnover for the six months ended in Sep. 2023 was 10.41.

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. Prime Fresh's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.07.

Prime Fresh Days Inventory Historical Data

The historical data trend for Prime Fresh'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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Prime Fresh Days Inventory Chart

Prime Fresh Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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23.24

30.28

21.57

13.39

17.07

Prime Fresh Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial														9.06	10.47	15.98	12.62	17.53

Competitive Comparison of Prime Fresh's Days Inventory

For the Food Distribution subindustry, Prime Fresh'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.

Prime Fresh's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Prime Fresh's Days Inventory distribution charts can be found below:

* The bar in red indicates where Prime Fresh's Days Inventory falls into.

Prime Fresh Days Inventory Calculation

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

Prime Fresh'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
=	( (31.377	+	40.874)	/	2 )	/	772.264	*	365
=	36.1255					/	772.264	*	365
=	17.07

Prime Fresh's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (40.874	+	49.553)	/	2 )	/	470.82	*	365 / 2
=	45.2135					/	470.82	*	365 / 2
=	17.53

Prime Fresh (BOM:540404) 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.

Prime Fresh's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	470.82	/	45.2135
	=	10.41

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.

Prime Fresh's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	45.2135	/	651.484
	=	0.07

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.

Prime Fresh Days Inventory Related Terms

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

Prime Fresh (BOM:540404) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Prime Fresh Ltd (BOM:540404) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

102, Sanskar - 2, Polytechnic Road, Near Ketav Petrol Pump, Ambawadi, Ahmedabad, GJ, IND, 380015

Website

http://www.primefreshlimited.com

Prime Fresh Ltd is an integrated Agri value chain institution in the domestic and international agricultural trade. The company is engaged in the procurement and distribution of Fruits and Vegetables. It focuses on sourcing, handling, grading, sorting, warehousing, packing, ripening, branding, warehousing, delivery of fruits and vegetables and manpower management. The group sells its products in India and also exports it to other countries, of which a majority of revenue is derived from the sales made in India.

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