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Eimco Elecon India (NSE:EIMCOELECO) Days Inventory : 150.22 (As of Mar. 2024)


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What is Eimco Elecon India Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eimco Elecon India's Average Total Inventories for the three months ended in Mar. 2024 was ₹858 Mil. Eimco Elecon India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹521 Mil. Hence, Eimco Elecon India's Days Inventory for the three months ended in Mar. 2024 was 150.22.

The historical rank and industry rank for Eimco Elecon India's Days Inventory or its related term are showing as below:

NSE:EIMCOELECO' s Days Inventory Range Over the Past 10 Years
Min: 95.65   Med: 212.91   Max: 464.63
Current: 242.56

During the past 13 years, Eimco Elecon India's highest Days Inventory was 464.63. The lowest was 95.65. And the median was 212.91.

NSE:EIMCOELECO's Days Inventory is ranked worse than
82.93% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 132.51 vs NSE:EIMCOELECO: 242.56

Eimco Elecon India's Days Inventory declined from Mar. 2023 (182.20) to Mar. 2024 (150.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. Eimco Elecon India's Inventory Turnover for the three months ended in Mar. 2024 was 0.61.

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. Eimco Elecon India's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.05.


Eimco Elecon India Days Inventory Historical Data

The historical data trend for Eimco Elecon India'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.

Eimco Elecon India Days Inventory Chart

Eimco Elecon India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 295.66 238.34 464.63 282.71 244.05

Eimco Elecon India Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 182.20 274.22 332.92 326.12 150.22

Competitive Comparison of Eimco Elecon India's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Eimco Elecon India'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.


Eimco Elecon India's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Eimco Elecon India's Days Inventory distribution charts can be found below:

* The bar in red indicates where Eimco Elecon India's Days Inventory falls into.



Eimco Elecon India Days Inventory Calculation

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

Eimco Elecon India'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
=( (787.873 + 857.857) / 2 ) / 1230.673*365
=822.865 / 1230.673*365
=244.05

Eimco Elecon India'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: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0 + 857.857) / 1 ) / 521.097*365 / 4
=857.857 / 521.097*365 / 4
=150.22

* 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.


Eimco Elecon India  (NSE:EIMCOELECO) 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.

Eimco Elecon India's Inventory Turnover for the three months ended in Mar. 2024 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.

Eimco Elecon India's Inventory to Revenue for the three months ended in Mar. 2024 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.


Eimco Elecon India Days Inventory Related Terms

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


Eimco Elecon India (NSE:EIMCOELECO) Business Description

Traded in Other Exchanges
Address
Anand-Sojitra Road, District Anand, Vallabh Vidyanagar, GJ, IND, 388 120
Eimco Elecon India Ltd is an Indian company engaged in the business of manufacturing and supplying equipment for mining and construction sector. Its products include Air motors, Chair lift man riding system, Coal hauler, Drill machine, Load haul dumper (coal mining), Load haul dumper (metal mining), Low profile dump truck, Rocker shovel loader, Side dump loader, and Wheel loader, among others. The group sells its products in India and also exports them to other countries.

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