Aeroflex Industries (NSE:AEROFLEX) Days Inventory : 114.71 (As of Mar. 2024)

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What is Aeroflex Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aeroflex Industries's Average Total Inventories for the six months ended in Mar. 2024 was ₹595 Mil. Aeroflex Industries's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹946 Mil. Hence, Aeroflex Industries's Days Inventory for the six months ended in Mar. 2024 was 114.71.

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

NSE:AEROFLEX' s Days Inventory Range Over the Past 10 Years
Min: 82.02 Med: 104.16 Max: 128.89
Current: 105.69

During the past 5 years, Aeroflex Industries's highest Days Inventory was 128.89. The lowest was 82.02. And the median was 104.16.

NSE:AEROFLEX's Days Inventory is ranked better than
57.64% of 2913 companies
in the Industrial Products industry
Industry Median: 120.59 vs NSE:AEROFLEX: 105.69

Aeroflex Industries's Days Inventory declined from Mar. 2023 (124.20) to Mar. 2024 (114.71).

Inventory Turnover measures how fast the company turns over its inventory within a year. Aeroflex Industries's Inventory Turnover for the six months ended in Mar. 2024 was 1.59.

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. Aeroflex Industries's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.39.

Aeroflex Industries Days Inventory Historical Data

The historical data trend for Aeroflex 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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Aeroflex Industries Days Inventory Chart

Aeroflex Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

122.25

128.89

82.02

98.16

104.16

Aeroflex Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial			-	74.49	124.20	99.13	114.71

Competitive Comparison of Aeroflex Industries's Days Inventory

For the Metal Fabrication subindustry, Aeroflex 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.

Aeroflex Industries's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aeroflex Industries's Days Inventory distribution charts can be found below:

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

Aeroflex Industries Days Inventory Calculation

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

Aeroflex Industries'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
=	( (560.07	+	589.424)	/	2 )	/	2014.029	*	365
=	574.747					/	2014.029	*	365
=	104.16

Aeroflex Industries'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (599.991	+	589.424)	/	2 )	/	946.159	*	365 / 2
=	594.7075					/	946.159	*	365 / 2
=	114.71

Aeroflex Industries (NSE:AEROFLEX) 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.

Aeroflex Industries's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	946.159	/	594.7075
	=	1.59

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.

Aeroflex Industries's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	594.7075	/	1509.012
	=	0.39

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.

Aeroflex Industries Days Inventory Related Terms

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

Aeroflex Industries (NSE:AEROFLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aeroflex Industries Ltd (NSE:AEROFLEX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

543972:India

Address

Plot No. 41, 42/13, 42/14 & 42/18, Village Chal, Behind IGPL, near Taloja MIDC, Panvel, Navi Mumbai, MH, IND, 410 208

Website

https://www.aeroflexindia.com

Aeroflex Industries Ltd is a manufacturer and supplier of environment-friendly metallic flexible flow solution products catering to global as well as domestic markets. It supply products to a wide spectrum of industries for the controlled flow of all forms of substances including air, liquid, and solid, Solution products are required in fire sprinklers, gas supply, the flow of air (conditioned/controlled) in aircraft, fueling and hydraulics in aircraft. The company exports its products to more than 80 countries including Europe, the USA and others.

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