Inox Wind Energy (BOM:543297) Days Inventory : 338.77 (As of Mar. 2024)

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What is Inox Wind Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Inox Wind Energy's Average Total Inventories for the three months ended in Mar. 2024 was ₹12,448 Mil. Inox Wind Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,353 Mil. Hence, Inox Wind Energy's Days Inventory for the three months ended in Mar. 2024 was 338.77.

The historical rank and industry rank for Inox Wind Energy's Days Inventory or its related term are showing as below:

BOM:543297' s Days Inventory Range Over the Past 10 Years
Min: 105.72 Med: 584.13 Max: 924.06
Current: 448.64

During the past 8 years, Inox Wind Energy's highest Days Inventory was 924.06. The lowest was 105.72. And the median was 584.13.

BOM:543297's Days Inventory is ranked worse than
96.01% of 2905 companies
in the Industrial Products industry
Industry Median: 121.9 vs BOM:543297: 448.64

Inox Wind Energy's Days Inventory declined from Dec. 2022 (483.13) to Mar. 2024 (338.77).

Inventory Turnover measures how fast the company turns over its inventory within a year. Inox Wind Energy's Inventory Turnover for the three months ended in Mar. 2024 was 0.27.

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. Inox Wind Energy's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.36.

Inox Wind Energy Days Inventory Historical Data

The historical data trend for Inox Wind Energy'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.

Inox Wind Energy Days Inventory Chart

Inox Wind Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

Get a 7-Day Free Trial

674.71

560.88

736.31

607.37

355.98

Inox Wind Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															483.13	676.73	385.35	298.18	338.77

Competitive Comparison of Inox Wind Energy's Days Inventory

For the Specialty Industrial Machinery subindustry, Inox Wind Energy'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.

Inox Wind Energy's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Inox Wind Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where Inox Wind Energy's Days Inventory falls into.

Inox Wind Energy Days Inventory Calculation

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

Inox Wind Energy'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
=	( (11300.794	+	12447.9)	/	2 )	/	12175.3	*	365
=	11874.347					/	12175.3	*	365
=	355.98

Inox Wind Energy's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	12447.9)	/	1 )	/	3352.9	*	365 / 4
=	12447.9					/	3352.9	*	365 / 4
=	338.77

Inox Wind Energy (BOM:543297) 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.

Inox Wind Energy's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3352.9	/	12447.9
	=	0.27

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.

Inox Wind Energy's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12447.9	/	5284.9
	=	2.36

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.

Inox Wind Energy Days Inventory Related Terms

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

Inox Wind Energy (BOM:543297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Inox Wind Energy Ltd (BOM:543297) » Definitions » Days Inventory

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Traded in Other Exchanges

IWEL:India

Address

INOX Towers, Plot No. 17, Sector 16A, Noida, UP, IND, 201301

Website

https://www.inoxwind.com

Inox Wind Energy Ltd is engaged in the business of manufacture and sale of Wind Turbine Generators (WTGs). It also provides Erection, Procurement and Commissioning, Operations and Maintenance and Common Infrastructure Facilities services for WTGs and wind farm development services. The area of operations of the company is within India. The company generates revenue from the sale of goods, and services.

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