Days Inventory is also known as Days Sales of Inventory (DSI). Hero MotoCorp's Average Total Inventories for the
three
months ended in Dec. 2023 was $244.63 Mil. Hero MotoCorp's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $787.25 Mil.
Hence, Hero MotoCorp's Days Inventory for the
three
months ended in Dec. 2023 was 28.36.
The historical rank and industry rank for Hero MotoCorp's Days Inventory or its related term are showing as below:
HRTQY'
s Days Inventory Range Over the Past 10 Years
Min: 12.85 Med: 16.14 Max: 28.34
Current: 26.67
During the past 13 years, Hero MotoCorp's highest Days Inventory was 28.34. The lowest was 12.85. And the median was 16.14.
HRTQY's Days Inventory is ranked better than 92.68% of 1256
companies
in the Vehicles & Parts industry
Industry Median: 81.885
vs HRTQY: 26.67
Hero MotoCorp's Days Inventory
increased
from Dec. 2022 (28.22) to Dec. 2023 (28.36).
It might indicate that Hero MotoCorp's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hero MotoCorp's Inventory Turnover for the
three
months ended in Dec. 2023 was 3.22.
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.
Hero MotoCorp's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.21.
Hero MotoCorp Days Inventory Historical Data
The historical data trend for Hero MotoCorp'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.
For the Auto Manufacturers subindustry, Hero MotoCorp'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.
Hero MotoCorp Days Inventory Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Hero MotoCorp's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hero MotoCorp's Days Inventory falls into.
Hero MotoCorp Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hero MotoCorp'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.
Hero MotoCorp (GREY:HRTQY) 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.
Hero MotoCorp'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.
Hero MotoCorp'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.
Hero MotoCorp Days Inventory Related Terms
Thank you for viewing the detailed overview of Hero MotoCorp's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Hero MotoCorp (Hero MotoCorp) Business Description
Hero MotoCorp Ltd is a motorcycle manufacturing company domiciled in India. The company manufactures and distributes motorcycles, scooters, and related spare parts. Sales of motorcycles comprise the largest contribution to consolidated revenue, followed by scooter sales. While Hero MotoCorp derives the vast majority of revenue from domestic operations, the company also has operations in Latin America, South Asia, Africa, and the Middle East. Hero MotoCorp principally manufactures and assembles production domestically. The Company primarily operates in the automotive segment. The automotive segment includes all activities related to development, design, manufacture, assembly and sale of vehicles, as well as sale of related parts and accessories.
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