Hindware Home Innovation (BOM:542905) Days Inventory : 163.00 (As of Dec. 2023)

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What is Hindware Home Innovation Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hindware Home Innovation's Average Total Inventories for the three months ended in Dec. 2023 was ₹6,700 Mil. Hindware Home Innovation's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹3,751 Mil. Hence, Hindware Home Innovation's Days Inventory for the three months ended in Dec. 2023 was 163.00.

The historical rank and industry rank for Hindware Home Innovation's Days Inventory or its related term are showing as below:

BOM:542905' s Days Inventory Range Over the Past 10 Years
Min: 89.86 Med: 99.7 Max: 158.89
Current: 158.89

During the past 6 years, Hindware Home Innovation's highest Days Inventory was 158.89. The lowest was 89.86. And the median was 99.70.

BOM:542905's Days Inventory is ranked worse than
76.96% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.505 vs BOM:542905: 158.89

Hindware Home Innovation's Days Inventory increased from Dec. 2022 (162.59) to Dec. 2023 (163.00). It might indicate that Hindware Home Innovation's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hindware Home Innovation's Inventory Turnover for the three months ended in Dec. 2023 was 0.56.

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. Hindware Home Innovation's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.97.

Hindware Home Innovation Days Inventory Historical Data

The historical data trend for Hindware Home Innovation'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.

Hindware Home Innovation Days Inventory Chart

Hindware Home Innovation Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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93.68

99.70

89.86

110.91

145.97

Hindware Home Innovation 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															162.59	124.76	184.54	162.38	163.00

Competitive Comparison of Hindware Home Innovation's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Hindware Home Innovation'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.

Hindware Home Innovation's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Hindware Home Innovation's Days Inventory falls into.

Hindware Home Innovation Days Inventory Calculation

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

Hindware Home Innovation'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
=	( (6753.099	+	6837.67)	/	2 )	/	16991.461	*	365
=	6795.3845					/	16991.461	*	365
=	145.97

Hindware Home Innovation'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
=	( (6700.2	+	0)	/	1 )	/	3750.9	*	365 / 4
=	6700.2					/	3750.9	*	365 / 4
=	163.00

Hindware Home Innovation (BOM:542905) 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.

Hindware Home Innovation's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3750.9	/	6700.2
	=	0.56

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.

Hindware Home Innovation's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6700.2	/	6929.3
	=	0.97

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.

Hindware Home Innovation Days Inventory Related Terms

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

Hindware Home Innovation (BOM:542905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hindware Home Innovation Ltd (BOM:542905) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HINDWAREAP:India

Address

Plot No. 68, Echelon Institutional Area, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.shilgroup.com

Hindware Home Innovation Ltd is engaged in manufacturing, selling and trading of building products, glass products, consumer products, plastic products, and retail business. Its product portfolio includes Kitchen Ensemble, Water heaters, Air coolers, Water purifiers, Air purifiers, and Window vents, among other products. Some of its brands are Hindware, Moonbow and Evok. The segments of the company include Building Products, Consumer appliances, and Retail business. The group operates in India. The company generates the majority of its revenue from Building products segment.

Hindware Home Innovation (BOM:542905) Headlines

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