Patels Airtemp (India) (BOM:517417) Days Inventory : 288.66 (As of Sep. 2024)

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What is Patels Airtemp (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Patels Airtemp (India)'s Average Total Inventories for the three months ended in Sep. 2024 was ₹1,574 Mil. Patels Airtemp (India)'s Cost of Goods Sold for the three months ended in Sep. 2024 was ₹498 Mil. Hence, Patels Airtemp (India)'s Days Inventory for the three months ended in Sep. 2024 was 288.66.

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

BOM:517417' s Days Inventory Range Over the Past 10 Years
Min: 94.61 Med: 197.16 Max: 303.18
Current: 303.18

During the past 13 years, Patels Airtemp (India)'s highest Days Inventory was 303.18. The lowest was 94.61. And the median was 197.16.

BOM:517417's Days Inventory is ranked worse than
90.18% of 2923 companies
in the Industrial Products industry
Industry Median: 121.36 vs BOM:517417: 303.18

Patels Airtemp (India)'s Days Inventory increased from Jun. 2023 (255.63) to Sep. 2024 (288.66). It might indicate that Patels Airtemp (India)'s sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Patels Airtemp (India)'s Inventory Turnover for the three months ended in Sep. 2024 was 0.32.

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. Patels Airtemp (India)'s Inventory-to-Revenue for the three months ended in Sep. 2024 was 1.92.

Patels Airtemp (India) Days Inventory Historical Data

The historical data trend for Patels Airtemp (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.

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Patels Airtemp (India) Days Inventory Chart

Patels Airtemp (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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209.94

239.55

184.37

247.59

228.09

Patels Airtemp (India) Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial															255.63	279.36	276.76	174.02	288.66

Competitive Comparison of Patels Airtemp (India)'s Days Inventory

For the Specialty Industrial Machinery subindustry, Patels Airtemp (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.

Patels Airtemp (India)'s Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Patels Airtemp (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Patels Airtemp (India)'s Days Inventory falls into.

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Patels Airtemp (India) Days Inventory Calculation

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

Patels Airtemp (India)'s Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (1495.764	+	1695.586)	/	2 )	/	2553.48	*	365
=	1595.675					/	2553.48	*	365
=	228.09

Patels Airtemp (India)'s Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1695.586	+	1452.891)	/	2 )	/	497.642	*	365 / 4
=	1574.2385					/	497.642	*	365 / 4
=	288.66

Patels Airtemp (India) (BOM:517417) 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.

Patels Airtemp (India)'s Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	497.642	/	1574.2385
	=	0.32

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.

Patels Airtemp (India)'s Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1574.2385	/	818.702
	=	1.92

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.

Patels Airtemp (India) Days Inventory Related Terms

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

Patels Airtemp (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Patels Airtemp (India) Ltd (BOM:517417) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, Kalpana Complex, Near Memnagar Fire Station, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.patelsairtemp.com

Patels Airtemp (India) Ltd is in the engineering industry and is engaged in manufacturing/fabricating tailor-made machines. The company manufactures and sells heat exchangers such as shell and tube type, finned tube type and air-cooled heat exchangers, pressure vessels, air-conditioning and refrigeration equipment, and turnkey HVAC projects in India, and marketing of equipment outside India. The products are supplied to Industrial sections like power projects, refineries, fertilizers, cement, petrochemicals, pharmaceuticals, textile, and chemical industries. The company also has a wholly owned subsidiary company Patels Airtemp (USA) Inc. in the USA.

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