Days Inventory is also known as Days Sales of Inventory (DSI). Tech Mahindra's Average Total Inventories for the
three
months ended in Dec. 2023 was ₹290 Mil. Tech Mahindra's Cost of Goods Sold for the
three
months ended in Dec. 2023 was ₹89,188 Mil.
Hence, Tech Mahindra's Days Inventory for the
three
months ended in Dec. 2023 was 0.30.
The historical rank and industry rank for Tech Mahindra's Days Inventory or its related term are showing as below:
BOM:532755'
s Days Inventory Range Over the Past 10 Years
Min: 0.32 Med: 0.69 Max: 1.42
Current: 0.32
During the past 13 years, Tech Mahindra's highest Days Inventory was 1.42. The lowest was 0.32. And the median was 0.69.
BOM:532755's Days Inventory is ranked better than 94.57% of 1565
companies
in the Software industry
Industry Median: 19.61
vs BOM:532755: 0.32
Tech Mahindra's Days Inventory
increased
from Dec. 2022 (0.18) to Dec. 2023 (0.30).
It might indicate that Tech Mahindra's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tech Mahindra's Inventory Turnover for the
three
months ended in Dec. 2023 was 307.54.
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.
Tech Mahindra's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.00.
Tech Mahindra Days Inventory Historical Data
The historical data trend for Tech Mahindra'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.
Competitive Comparison of Tech Mahindra's Days Inventory
For the Information Technology Services subindustry, Tech Mahindra'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.
Tech Mahindra's Days Inventory Distribution in the Software Industry
For the Software industry and Technology sector, Tech Mahindra's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tech Mahindra's Days Inventory falls into.
Tech Mahindra Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tech Mahindra'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.
Tech Mahindra (BOM:532755) 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.
Tech Mahindra'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.
Tech Mahindra'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.
Tech Mahindra Days Inventory Related Terms
Thank you for viewing the detailed overview of Tech Mahindra's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tech Mahindra Ltd is an IT services and consulting company in India. It offers a variety of technology solutions and services in addition to business process services. Its segments are Information Technology and Business Processing Outsourcing. The technology solutions include helping companies engage in cloud software, mobile solutions, network services, cybersecurity, and a variety of other options. The business process service is offered across various industries including telecom, financial services, retail, energy, hospitality, high-tech, agriculture, and food beverage. The company's approach includes cost reduction, process optimization, and ownership through automation and productivity improvements. Tech Mahindra generates approximately half of its revenue from the United States.
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