Foce India (NSE:SMFOCE) Days Inventory : 392.14 (As of Sep. 2023)

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Foce India Days Inventory Definition

Days Inventory is also known as Days Sales of Inventory (DSI). Foce India's Average Total Inventories for the six months ended in Sep. 2023 was ₹95.2 Mil. Foce India's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹44.3 Mil. Hence, Foce India's Days Inventory for the six months ended in Sep. 2023 was 392.14.

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

NSE:SMFOCE' s Days Inventory Range Over the Past 10 Years
Min: 7.22 Med: 15.87 Max: 99.29
Current: 68.64

During the past 5 years, Foce India's highest Days Inventory was 99.29. The lowest was 7.22. And the median was 15.87.

NSE:SMFOCE's Days Inventory is ranked better than
69.29% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.545 vs NSE:SMFOCE: 68.64

Foce India's Days Inventory increased from Sep. 2022 (199.73) to Sep. 2023 (392.14). It might indicate that Foce India's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Foce India's Inventory Turnover for the six months ended in Sep. 2023 was 0.47.

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. Foce India's Inventory-to-Revenue for the six months ended in Sep. 2023 was 1.81.

Foce India Days Inventory Historical Data

The historical data trend for Foce India'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.

Foce India Days Inventory Chart

Foce India Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

20.65

13.60

7.22

15.87

99.29

Foce India Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			4.56	30.18	199.73	38.39	392.14

Competitive Comparison

For the Luxury Goods subindustry, Foce India'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.

Foce India Days Inventory Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Foce India's Days Inventory distribution charts can be found below:

* The bar in red indicates where Foce India's Days Inventory falls into.

Foce India Days Inventory Calculation

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

Foce India's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (126.333	+	113.165)	/	2 )	/	440.188	*	365
=	119.749					/	440.188	*	365
=	99.29

Foce India'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. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (113.165	+	77.233)	/	2 )	/	44.305	*	365 / 2
=	95.199					/	44.305	*	365 / 2
=	392.14

Foce India (NSE:SMFOCE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	44.305	/	95.199
	=	0.47

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	95.199	/	52.611
	=	1.81

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.

Foce India Days Inventory Related Terms

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

Foce India (NSE:SMFOCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foce India Ltd (NSE:SMFOCE) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

4, Kingstone, Shastri Nagar, Lokhandwala Complex, Andheri (West), Mumbai, MH, IND, 400053

Website

https://foceindia.com

Foce India Ltd is engaged in the business of supply, distribution, and retailing of various types of wristwatches such as Analog, Digital, Chronograph, Designer and others. The company geographically operates within India.

Foce India (NSE:SMFOCE) Headlines

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