Heritage Foods (BOM:519552) Days Inventory : 23.65 (As of Dec. 2023)

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What is Heritage Foods Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Heritage Foods's Average Total Inventories for the three months ended in Dec. 2023 was ₹1,930 Mil. Heritage Foods's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹7,445 Mil. Hence, Heritage Foods's Days Inventory for the three months ended in Dec. 2023 was 23.65.

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

BOM:519552' s Days Inventory Range Over the Past 10 Years
Min: 22.97 Med: 27.24 Max: 40.8
Current: 28.42

During the past 13 years, Heritage Foods's highest Days Inventory was 40.80. The lowest was 22.97. And the median was 27.24.

BOM:519552's Days Inventory is ranked better than
90.7% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs BOM:519552: 28.42

Heritage Foods's Days Inventory increased from Dec. 2022 (16.61) to Dec. 2023 (23.65). It might indicate that Heritage Foods's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heritage Foods's Inventory Turnover for the three months ended in Dec. 2023 was 3.86.

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. Heritage Foods's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.21.

Heritage Foods Days Inventory Historical Data

The historical data trend for Heritage Foods'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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Heritage Foods Days Inventory Chart

Heritage Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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26.77

22.97

33.68

35.40

40.80

Heritage Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															16.61	52.97	46.30	22.18	23.65

Competitive Comparison of Heritage Foods's Days Inventory

For the Packaged Foods subindustry, Heritage Foods'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.

Heritage Foods's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Heritage Foods's Days Inventory distribution charts can be found below:

* The bar in red indicates where Heritage Foods's Days Inventory falls into.

Heritage Foods Days Inventory Calculation

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

Heritage Foods'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
=	( (2058.39	+	3789.45)	/	2 )	/	26158.3	*	365
=	2923.92					/	26158.3	*	365
=	40.80

Heritage Foods'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
=	( (1929.56	+	0)	/	1 )	/	7444.56	*	365 / 4
=	1929.56					/	7444.56	*	365 / 4
=	23.65

Heritage Foods (BOM:519552) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7444.56	/	1929.56
	=	3.86

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1929.56	/	9411.02
	=	0.21

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.

Heritage Foods Days Inventory Related Terms

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

Heritage Foods (BOM:519552) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Heritage Foods Ltd (BOM:519552) » Definitions » Days Inventory

Traded in Other Exchanges

HERITGFOOD:India

Address

H. No. 8-2-293/82/A/1286, Road No-1 & 65, Jubilee Hills, Plot No. 1286, Hyderabad, TG, IND, 500033

Website

https://www.heritagefoods.in

Heritage Foods Ltd is engaged in the food-related and renewable energy business. The company's operating segments are Dairy Vertical, Renewable energy vertical, and Feed vertical. Dairy Vertical is engaged in the manufacturing and marketing of milk, curd, buttermilk, lassi, ice cream, paneer, table butter, milk powder, and others. Renewable energy vertical produces power for captive consumption through its solar and wind power plants whereas, feed vertical is engaged in the manufacturing of cattle and fish feeds. It generates a majority of its revenue from the Dairy Vertical segment.

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