Proventus Agrocom (NSE:PROV) Days Inventory : 46.47 (As of Sep. 2023)

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What is Proventus Agrocom Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Proventus Agrocom's Average Total Inventories for the six months ended in Sep. 2023 was ₹469 Mil. Proventus Agrocom's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹1,842 Mil. Hence, Proventus Agrocom's Days Inventory for the six months ended in Sep. 2023 was 46.47.

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

NSE:PROV' s Days Inventory Range Over the Past 10 Years
Min: 7.58 Med: 28.07 Max: 111.78
Current: 111.78

During the past 3 years, Proventus Agrocom's highest Days Inventory was 111.78. The lowest was 7.58. And the median was 28.07.

NSE:PROV's Days Inventory is ranked worse than
66.27% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs NSE:PROV: 111.78

Proventus Agrocom's Days Inventory increased from Mar. 2021 (0.00) to Sep. 2023 (46.47). It might indicate that Proventus Agrocom's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Proventus Agrocom's Inventory Turnover for the six months ended in Sep. 2023 was 3.93.

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. Proventus Agrocom's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.23.

Proventus Agrocom Days Inventory Historical Data

The historical data trend for Proventus Agrocom'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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Proventus Agrocom Days Inventory Chart

Proventus Agrocom Annual Data

Trend

Mar20

Mar21

Mar22

Days Inventory

7.58

28.07

29.76

Proventus Agrocom Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Days Inventory	-	-	-	46.47

Competitive Comparison of Proventus Agrocom's Days Inventory

For the Packaged Foods subindustry, Proventus Agrocom'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.

Proventus Agrocom's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Proventus Agrocom's Days Inventory falls into.

Proventus Agrocom Days Inventory Calculation

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

Proventus Agrocom's Days Inventory for the fiscal year that ended in Mar. 2022 is calculated as

	Days Inventory (A: Mar. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (254.567	+	373.926)	/	2 )	/	3853.553	*	365
=	314.2465					/	3853.553	*	365
=	29.76

Proventus Agrocom'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. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (373.926	+	564.083)	/	2 )	/	1841.991	*	365 / 2
=	469.0045					/	1841.991	*	365 / 2
=	46.47

Proventus Agrocom (NSE:PROV) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1841.991	/	469.0045
	=	3.93

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	469.0045	/	2005.473
	=	0.23

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.

Proventus Agrocom Days Inventory Related Terms

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

Proventus Agrocom (NSE:PROV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Proventus Agrocom Ltd (NSE:PROV) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Village Mulgaon, MV Road, Unit 515, 5th Floor, C Wing, 1 MTR Cabin, Atrium, Andheri East, Near Acme Plaza, Mumbai, MH, IND, 400 069

Website

https://www.proventusagro.com

Proventus Agrocom Ltd is an integrated health food brand with a presence in the entire range of dry fruits, nuts, seeds, berries, and healthy snacking products across the value chain. Its approach in the space focuses on diversifying across the baskets and intensifying its presence across the value chain; in the end, being a one-stop shop for the consumers. Its products include cashew, almonds, walnuts, raisins, sunflower seeds, pistachios and other dry fruits, nuts, seeds and berries.