Azure Power Global (Azure Power Global) Days Inventory

: 0.00 (As of Mar. 2022)

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Days Inventory is also known as Days Sales of Inventory (DSI). Azure Power Global's Average Total Inventories for the three months ended in Mar. 2022 was $0.0 Mil. Azure Power Global's Cost of Goods Sold for the three months ended in Mar. 2022 was $6.7 Mil. Hence, Azure Power Global's Days Inventory for the three months ended in Mar. 2022 was 0.00.

The historical rank and industry rank for Azure Power Global's Days Inventory or its related term are showing as below:

AZREF's Days Inventory is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 31.02
* Ranked among companies with meaningful Days Inventory only.

Azure Power Global's Days Inventory stayed the same from Mar. 2021 (0.00) to Mar. 2022 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Azure Power Global's Inventory-to-Revenue for the three months ended in Mar. 2022 was 0.00.

Azure Power Global Days Inventory Historical Data

The historical data trend for Azure Power Global'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.

Azure Power Global Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

2.60

Azure Power Global Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Mar23
Days Inventory																-	-	-	-	-

Competitive Comparison

For the Utilities - Renewable subindustry, Azure Power Global'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.

Azure Power Global Days Inventory Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's Days Inventory distribution charts can be found below:

* The bar in red indicates where Azure Power Global's Days Inventory falls into.

Azure Power Global Days Inventory Calculation

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

Azure Power Global'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
=	( (0	+	0.158)	/	1 )	/	22.184	*	365
=	0.158					/	22.184	*	365
=	2.60

Azure Power Global's Days Inventory for the quarter that ended in Mar. 2022 is calculated as:

	Days Inventory (Q: Mar. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	6.681	*	365 / 4
=	0					/	6.681	*	365 / 4
=	0.00

Azure Power Global (OTCPK:AZREF) 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.

Azure Power Global's Inventory Turnover for the three months ended in Mar. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.681	/	0
	=

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.

Azure Power Global's Inventory to Revenue for the three months ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	66.085
	=	0.00

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.

Azure Power Global Days Inventory Related Terms

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

Azure Power Global (Azure Power Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Azure Power Global Ltd (OTCPK:AZREF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saket Place, 5th Floor, Southern Park, D-II, Saket, New Delhi, IND, 110017

Website

https://www.azurepower.com

Azure Power Global Ltd produces and sells solar power in India. It is engaged in the development, construction, ownership, operation, maintenance, and management of solar power plants and the generation of solar energy. The company generates revenue from a mix of Indian central and state government utilities and commercial entities. The Company has a single operating and reporting segment: Sale of power.