Ekennis Software Service (BOM:543475) Total Inventories : ₹2.87 Mil (As of Sep. 2023)

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What is Ekennis Software Service Total Inventories?

Ekennis Software Service's total inventories for the quarter that ended in Sep. 2023 was ₹2.87 Mil. Ekennis Software Service's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was ₹2.64 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ekennis Software Service's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹19.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ekennis Software Service's Days Inventory for the six months ended in Sep. 2023 was 70.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ekennis Software Service's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.60.

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. Ekennis Software Service's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.16.

Ekennis Software Service Total Inventories Historical Data

The historical data trend for Ekennis Software Service's Total Inventories 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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Ekennis Software Service Total Inventories Chart

Ekennis Software Service Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Total Inventories

0.31

0.60

2.40

Ekennis Software Service Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial			-	0.60	1.87	2.40	2.87

Ekennis Software Service Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Ekennis Software Service (BOM:543475) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Ekennis Software Service's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(27.548	+	0.75 * 7.893	+	0.5 * 2.87	-	8.154
-	0	-	0)	/	1.4
=	19.11

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

Ekennis Software Service's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	2.636	/	6.863	*	365 / 2
	=	70.10

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ekennis Software Service's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	6.863	/	2.636
	=	2.60

4. 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.

Ekennis Software Service's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2.636	/	16.936
	=	0.16

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Ekennis Software Service Total Inventories Related Terms

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Ekennis Software Service (BOM:543475) Business Description

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Address

No. 1&2 Second Floor, Neeladri Circle, Electronic City Phase-1, Dodathogur Village, Bangalore, KA, IND, 560100

Website

https://www.ekennis.com

Ekennis Software Service Ltd operates in the Information technology and Printing Industry. It is in the business of Software IT Solution and Consulting Services, IT Product / Software Development and Software Training, Enterprise Resource Planning solutions, Learning Management solutions, 3D Printing, Digital Printing and Packaging Design Management consultancy. The company generates majority of its revenue from Manpower Supply Services.

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