Ekennis Software Service (BOM:543475) Days Inventory : 70.10 (As of Sep. 2023)

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What is Ekennis Software Service Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ekennis Software Service's Average Total Inventories for the six months ended in Sep. 2023 was ₹2.64 Mil. Ekennis Software Service's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹6.86 Mil. Hence, Ekennis Software Service's Days Inventory for the six months ended in Sep. 2023 was 70.10.

The historical rank and industry rank for Ekennis Software Service's Days Inventory or its related term are showing as below:

BOM:543475' s Days Inventory Range Over the Past 10 Years
Min: 3.82 Med: 5.83 Max: 41.95
Current: 41.95

During the past 4 years, Ekennis Software Service's highest Days Inventory was 41.95. The lowest was 3.82. And the median was 5.83.

BOM:543475's Days Inventory is ranked worse than
64.35% of 1565 companies
in the Software industry
Industry Median: 19.61 vs BOM:543475: 41.95

Ekennis Software Service's Days Inventory increased from Sep. 2022 (10.60) to Sep. 2023 (70.10). It might indicate that Ekennis Software Service's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ekennis Software Service's Inventory Turnover for the six months ended in Sep. 2023 was 2.60.

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. Ekennis Software Service's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.16.

Ekennis Software Service Days Inventory Historical Data

The historical data trend for Ekennis Software Service'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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Ekennis Software Service Days Inventory Chart

Ekennis Software Service Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

3.82

5.83

15.63

Ekennis Software Service Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			3.92	7.79	10.60	28.15	70.10

Competitive Comparison of Ekennis Software Service's Days Inventory

For the Information Technology Services subindustry, Ekennis Software Service'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.

Ekennis Software Service's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Ekennis Software Service's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ekennis Software Service's Days Inventory falls into.

Ekennis Software Service Days Inventory Calculation

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

Ekennis Software Service'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
=	( (0.6	+	2.402)	/	2 )	/	35.044	*	365
=	1.501					/	35.044	*	365
=	15.63

Ekennis Software Service'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
=	( (2.402	+	2.87)	/	2 )	/	6.863	*	365 / 2
=	2.636					/	6.863	*	365 / 2
=	70.10

Ekennis Software Service (BOM:543475) 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.

Ekennis Software Service's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.863	/	2.636
	=	2.60

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.

Ekennis Software Service's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.636	/	16.936
	=	0.16

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.

Ekennis Software Service Days Inventory Related Terms

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

Ekennis Software Service (BOM:543475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ekennis Software Service Ltd (BOM:543475) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1&2 Second Floor, Neeladri Circle, Electronic City Phase-1, Dodathogur Village, Bangalore, KA, IND, 560100

Website

https://www.ekennis.com

Ekennis Software Service Ltd operates in the Information technology and Printing Industry. It is in the business of Software IT Solution and Consulting Services, IT Product / Software Development and Software Training, Enterprise Resource Planning solutions, Learning Management solutions, 3D Printing, Digital Printing and Packaging Design Management consultancy. The company generates majority of its revenue from Manpower Supply Services.

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