Everest Kanto Cylinder (NSE:EKC) Days Inventory : 297.18 (As of Dec. 2023)

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What is Everest Kanto Cylinder Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Everest Kanto Cylinder's Average Total Inventories for the three months ended in Dec. 2023 was ₹5,629 Mil. Everest Kanto Cylinder's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,728 Mil. Hence, Everest Kanto Cylinder's Days Inventory for the three months ended in Dec. 2023 was 297.18.

The historical rank and industry rank for Everest Kanto Cylinder's Days Inventory or its related term are showing as below:

NSE:EKC' s Days Inventory Range Over the Past 10 Years
Min: 126.73 Med: 271.92 Max: 440.93
Current: 275

During the past 13 years, Everest Kanto Cylinder's highest Days Inventory was 440.93. The lowest was 126.73. And the median was 271.92.

NSE:EKC's Days Inventory is ranked worse than
87.26% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs NSE:EKC: 275.00

Everest Kanto Cylinder's Days Inventory declined from Dec. 2022 (316.62) to Dec. 2023 (297.18).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Everest Kanto Cylinder's Inventory Turnover for the three months ended in Dec. 2023 was 0.31.

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. Everest Kanto Cylinder's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.71.

Everest Kanto Cylinder Days Inventory Historical Data

The historical data trend for Everest Kanto Cylinder'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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Everest Kanto Cylinder Days Inventory Chart

Everest Kanto Cylinder Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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242.41

227.76

190.79

126.73

207.26

Everest Kanto Cylinder Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															316.62	186.49	359.52	330.53	297.18

Competitive Comparison of Everest Kanto Cylinder's Days Inventory

For the Specialty Industrial Machinery subindustry, Everest Kanto Cylinder'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.

Everest Kanto Cylinder's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Everest Kanto Cylinder's Days Inventory falls into.

Everest Kanto Cylinder Days Inventory Calculation

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

Everest Kanto Cylinder'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
=	( (4177.456	+	5541.9)	/	2 )	/	8558.326	*	365
=	4859.678					/	8558.326	*	365
=	207.26

Everest Kanto Cylinder's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5629	+	0)	/	1 )	/	1728.4	*	365 / 4
=	5629					/	1728.4	*	365 / 4
=	297.18

Everest Kanto Cylinder (NSE:EKC) 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.

Everest Kanto Cylinder's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1728.4	/	5629
	=	0.31

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.

Everest Kanto Cylinder's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5629	/	3294.6
	=	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.

Everest Kanto Cylinder Days Inventory Related Terms

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

Everest Kanto Cylinder (NSE:EKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Everest Kanto Cylinder Ltd (NSE:EKC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

532684:India

Address

Free Press Journal Marg, 204, Raheja Centre, 214, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.everestkanto.com

Everest Kanto Cylinder Ltd manufactures and fabricates metal products, except machinery and equipment. The firm is also engaged in the manufacture of high-pressure seamless gas cylinders and other cylinders, equipment, appliances, and tanks with their parts and accessories used for containing and storage of liquefied petroleum gases and other gases, liquids, and air. Its products include Industrial Cylinders, Billet Cylinder, Plate Cylinder, compressed natural gas (CNG) Cylinders, Breathing Air Cylinder, Medical Cylinders, Beverage Cylinders, and Accumulators. The company also offers a range of allied products, such as Cylinder Valves, Valve Protection Guards; Protection Caps, Trolleys, Medical Equipment, seamless cylinders for fire-fighting. Most of its revenue comes from India.

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