Zodiac Energy (NSE:ZODIACSMN) Days Inventory : 58.11 (As of Dec. 2023)

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What is Zodiac Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zodiac Energy's Average Total Inventories for the three months ended in Dec. 2023 was ₹242 Mil. Zodiac Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹381 Mil. Hence, Zodiac Energy's Days Inventory for the three months ended in Dec. 2023 was 58.11.

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

NSE:ZODIACSMN' s Days Inventory Range Over the Past 10 Years
Min: 36.54 Med: 55.3 Max: 69.68
Current: 56.21

During the past 11 years, Zodiac Energy's highest Days Inventory was 69.68. The lowest was 36.54. And the median was 55.30.

NSE:ZODIACSMN's Days Inventory is ranked better than
80.87% of 941 companies
in the Semiconductors industry
Industry Median: 131.06 vs NSE:ZODIACSMN: 56.21

Zodiac Energy's Days Inventory declined from Dec. 2022 (135.37) to Dec. 2023 (58.11).

Inventory Turnover measures how fast the company turns over its inventory within a year. Zodiac Energy's Inventory Turnover for the three months ended in Dec. 2023 was 1.57.

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. Zodiac Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.52.

Zodiac Energy Days Inventory Historical Data

The historical data trend for Zodiac Energy'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.

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Zodiac Energy Days Inventory Chart

Zodiac Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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38.03

56.18

63.22

69.17

69.68

Zodiac Energy Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															135.37	26.42	58.09	80.65	58.11

Competitive Comparison of Zodiac Energy's Days Inventory

For the Solar subindustry, Zodiac Energy'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.

Zodiac Energy's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zodiac Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zodiac Energy's Days Inventory falls into.

Zodiac Energy Days Inventory Calculation

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

Zodiac Energy'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
=	( (293.038	+	167.745)	/	2 )	/	1206.805	*	365
=	230.3915					/	1206.805	*	365
=	69.68

Zodiac Energy's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (242.41	+	0)	/	1 )	/	380.685	*	365 / 4
=	242.41					/	380.685	*	365 / 4
=	58.11

Zodiac Energy (NSE:ZODIACSMN) 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.

Zodiac Energy's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	380.685	/	242.41
	=	1.57

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.

Zodiac Energy's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	242.41	/	469.224
	=	0.52

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.

Zodiac Energy Days Inventory Related Terms

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

Zodiac Energy (NSE:ZODIACSMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zodiac Energy Ltd (NSE:ZODIACSMN) » Definitions » Days Inventory

Traded in Other Exchanges

543416:India

Address

Drive-In-Road, 4-5-6 Upper Ground Floor, Milestone Building, Near Khodiyar Restaurant, Near Drive-In Cinema, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.zodiacenergy.com

Zodiac Energy Ltd operates as an energy solution provider company in India. It installs power generation plants. It is engaged in the design, supply, installation, testing, commissioning, operation, and maintenance of solar power equipment. Its products include solar photovoltaic rooftop solutions, Concentrating Solar Power Systems, solar photovoltaic solar pumping solutions, solar thermal solar water heater solutions, and many more. The company primarily operates in the segment of sale of solar-based power plants and related items. The company's services include Building Integrated Photovoltaics (BIPV) systems, emerging technologies, and co-generation power plants.

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