Days Inventory is also known as Days Sales of Inventory (DSI). Ashok Leyland's Average Total Inventories for the
three
months ended in Dec. 2023 was ₹39,845 Mil. Ashok Leyland's Cost of Goods Sold for the
three
months ended in Dec. 2023 was ₹69,531 Mil.
Hence, Ashok Leyland's Days Inventory for the
three
months ended in Dec. 2023 was 52.29.
The historical rank and industry rank for Ashok Leyland's Days Inventory or its related term are showing as below:
BOM:500477'
s Days Inventory Range Over the Past 10 Years
Min: 37.72 Med: 52.55 Max: 76.57
Current: 43.34
During the past 13 years, Ashok Leyland's highest Days Inventory was 76.57. The lowest was 37.72. And the median was 52.55.
BOM:500477's Days Inventory is ranked better than 93.63% of 204
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 132.585
vs BOM:500477: 43.34
Ashok Leyland's Days Inventory
increased
from Dec. 2022 (40.95) to Dec. 2023 (52.29).
It might indicate that Ashok Leyland's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ashok Leyland's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.75.
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.
Ashok Leyland's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.36.
Ashok Leyland Days Inventory Historical Data
The historical data trend for Ashok Leyland'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.
Ashok Leyland Annual Data
Trend
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Mar23
Days Inventory
44.26
62.63
60.79
51.97
37.72
Ashok Leyland Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
40.95
34.27
50.23
48.90
52.29
Competitive Comparison
For the Farm & Heavy Construction Machinery subindustry, Ashok Leyland'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.
Ashok Leyland Days Inventory Distribution
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ashok Leyland's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ashok Leyland's Days Inventory falls into.
Ashok Leyland Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ashok Leyland's Days Inventory for the fiscal year that ended in Mar. 2023 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.
Ashok Leyland (BOM:500477) 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.
Ashok Leyland's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Ashok Leyland's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Ashok Leyland Days Inventory Related Terms
Thank you for viewing the detailed overview of Ashok Leyland's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ashok Leyland Ltd is an automobile manufacturing company. The company manufactures commercial vehicles, engines, spare parts, and accessories, with the vast majority of revenue derived from commercial vehicle sales. Ashok Leyland organizes its business into two segments: Commercial vehicles and Financial Services. The company derives more than half of its consolidated revenue domestically.
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