Aashka Hospitals (BOM:543346) Days Inventory : 49.23 (As of Mar. 2024)

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What is Aashka Hospitals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aashka Hospitals's Average Total Inventories for the six months ended in Mar. 2024 was ₹3.8 Mil. Aashka Hospitals's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹14.1 Mil. Hence, Aashka Hospitals's Days Inventory for the six months ended in Mar. 2024 was 49.23.

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

BOM:543346' s Days Inventory Range Over the Past 10 Years
Min: 9.31 Med: 14.8 Max: 77.16
Current: 50.31

During the past 6 years, Aashka Hospitals's highest Days Inventory was 77.16. The lowest was 9.31. And the median was 14.80.

BOM:543346's Days Inventory is ranked worse than
64.82% of 469 companies
in the Healthcare Providers & Services industry
Industry Median: 32.49 vs BOM:543346: 50.31

Aashka Hospitals's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (49.23). It might indicate that Aashka Hospitals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aashka Hospitals's Inventory Turnover for the six months ended in Mar. 2024 was 3.71.

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. Aashka Hospitals's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.03.

Aashka Hospitals Days Inventory Historical Data

The historical data trend for Aashka Hospitals'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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Aashka Hospitals Days Inventory Chart

Aashka Hospitals Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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16.03

9.31

10.04

77.16

49.37

Aashka Hospitals Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial				17.81	20.09	-	52.40	49.23

Competitive Comparison of Aashka Hospitals's Days Inventory

For the Medical Care Facilities subindustry, Aashka Hospitals'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.

Aashka Hospitals's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Aashka Hospitals's Days Inventory distribution charts can be found below:

* The bar in red indicates where Aashka Hospitals's Days Inventory falls into.

Aashka Hospitals Days Inventory Calculation

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

Aashka Hospitals'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
=	( (0	+	3.738)	/	1 )	/	27.638	*	365
=	3.738					/	27.638	*	365
=	49.37

Aashka Hospitals'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.881	+	3.738)	/	2 )	/	14.122	*	365 / 2
=	3.8095					/	14.122	*	365 / 2
=	49.23

Aashka Hospitals (BOM:543346) 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.

Aashka Hospitals's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.122	/	3.8095
	=	3.71

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.

Aashka Hospitals's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.8095	/	120.719
	=	0.03

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.

Aashka Hospitals Days Inventory Related Terms

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

Aashka Hospitals (BOM:543346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aashka Hospitals Ltd (BOM:543346) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Between Sargasan & Reliance Cross Road, Sargasan, Gandhinagar, GJ, IND, 382421

Website

https://aashkahospitals.in

Aashka Hospital Ltd is an integrated healthcare service provider that offers the quality of healthcare facilities including prevention, treatment, and rehabilitation. It serves a range of healthcare services such as Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more. The group also includes the operation of Multi-Disciplinary Private Hospital, Clinics, and Pharmacies.

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