Milestone Furniture (BOM:541337) Days Inventory : 0.00 (As of Mar. 2023)

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What is Milestone Furniture Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Milestone Furniture's Average Total Inventories for the six months ended in Mar. 2023 was ₹25.02 Mil. Milestone Furniture's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹-25.02 Mil.

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

During the past 10 years, Milestone Furniture's highest Days Inventory was 5188.71. The lowest was 59.78. And the median was 133.34.

BOM:541337's Days Inventory is not ranked ^*
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 104.63
* Ranked among companies with meaningful Days Inventory only.

Milestone Furniture's Days Inventory declined from Mar. 2022 (456.47) to Mar. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Milestone Furniture's Inventory Turnover for the six months ended in Mar. 2023 was -1.00.

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.

Milestone Furniture Days Inventory Historical Data

The historical data trend for Milestone Furniture'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.

Milestone Furniture Days Inventory Chart

Milestone Furniture Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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249.93

5,188.71

1,417.69

912.94

Milestone Furniture Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Inventory	Get a 7-Day Free Trial										12,608.63	-	456.47	182.50	-

Competitive Comparison of Milestone Furniture's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Milestone Furniture'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.

Milestone Furniture's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Milestone Furniture's Days Inventory distribution charts can be found below:

* The bar in red indicates where Milestone Furniture's Days Inventory falls into.

Milestone Furniture Days Inventory Calculation

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

Milestone Furniture'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
=	( (25.015	+	25.015)	/	2 )	/	0	*	365
=	25.015					/	0	*	365
=	N/A

Milestone Furniture's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (0	+	25.015)	/	1 )	/	-25.015	*	365 / 2
=	25.015					/	-25.015	*	365 / 2
=	N/A

Milestone Furniture (BOM:541337) 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.

Milestone Furniture's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-25.015	/	25.015
	=	-1.00

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.

Milestone Furniture's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	25.015	/	0
	=

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.

Milestone Furniture Days Inventory Related Terms

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

Milestone Furniture (BOM:541337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Milestone Furniture Ltd (BOM:541337) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wada Manor Road, Survey No.147, House No. 271/1, Met Village, Opposite HP Petrol Pump, Palghar, Thane, MH, IND, 421312

Website

http://www.milestonefurniture.in

Milestone Furniture Ltd is engaged in the field of the household furniture business. It manufactures home and office furniture and is also involved in home and office design. The product portfolio includes basic plastic chair/ plastic storage solution/ Dining Tables into all segments like bedroom, dining, living room, essentials and mattresses which are needed at different points during their aspirational home building journey. The company has also spread its product portfolio to serve the institutional segment especially in segments like office seating, desking, and storage solutions. The product assortment covers both the large institutions and small office/home office's needs.

Milestone Furniture (BOM:541337) Headlines

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