Dollex Agrotech (NSE:DOLLEX) Days Inventory : 384.54 (As of Sep. 2023)

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What is Dollex Agrotech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Dollex Agrotech's Average Total Inventories for the six months ended in Sep. 2023 was ₹959 Mil. Dollex Agrotech's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹455 Mil. Hence, Dollex Agrotech's Days Inventory for the six months ended in Sep. 2023 was 384.54.

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

NSE:DOLLEX' s Days Inventory Range Over the Past 10 Years
Min: 191.29 Med: 240.77 Max: 623.86
Current: 262.28

During the past 4 years, Dollex Agrotech's highest Days Inventory was 623.86. The lowest was 191.29. And the median was 240.77.

NSE:DOLLEX's Days Inventory is ranked worse than
91.49% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.33 vs NSE:DOLLEX: 262.28

Dollex Agrotech's Days Inventory declined from Sep. 2022 (1,158.48) to Sep. 2023 (384.54).

Inventory Turnover measures how fast the company turns over its inventory within a year. Dollex Agrotech's Inventory Turnover for the six months ended in Sep. 2023 was 0.47.

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. Dollex Agrotech's Inventory-to-Revenue for the six months ended in Sep. 2023 was 1.71.

Dollex Agrotech Days Inventory Historical Data

The historical data trend for Dollex Agrotech'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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Dollex Agrotech Days Inventory Chart

Dollex Agrotech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

623.86

191.29

210.30

271.24

Dollex Agrotech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			-	-	1,158.48	210.16	384.54

Competitive Comparison of Dollex Agrotech's Days Inventory

For the Confectioners subindustry, Dollex Agrotech'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.

Dollex Agrotech's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dollex Agrotech's Days Inventory distribution charts can be found below:

* The bar in red indicates where Dollex Agrotech's Days Inventory falls into.

Dollex Agrotech Days Inventory Calculation

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

Dollex Agrotech'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
=	( (384.253	+	1012.506)	/	2 )	/	939.785	*	365
=	698.3795					/	939.785	*	365
=	271.24

Dollex Agrotech'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
=	( (1012.506	+	905.101)	/	2 )	/	455.037	*	365 / 2
=	958.8035					/	455.037	*	365 / 2
=	384.54

Dollex Agrotech (NSE:DOLLEX) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	455.037	/	958.8035
	=	0.47

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	958.8035	/	561.194
	=	1.71

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.

Dollex Agrotech Days Inventory Related Terms

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

Dollex Agrotech (NSE:DOLLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dollex Agrotech Ltd (NSE:DOLLEX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

19/1 Manorama Ganj, 205, Naroli Arcade, Near Palasia Square, Indore, MP, IND, 452001

Website

https://www.dollex.in

Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company also produces and sells its by-products such as molasses, pressed, and bagasse. The bagasse is used to generate power. Further, it is engaged in power generation up to the captive power of 3 MW.

Dollex Agrotech (NSE:DOLLEX) Headlines

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