Afloat Enterprises (BOM:543377) Days Inventory : 0.00 (As of Mar. 2024)

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What is Afloat Enterprises Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Afloat Enterprises's Average Total Inventories for the six months ended in Mar. 2024 was ₹0.00 Mil. Afloat Enterprises's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹0.00 Mil.

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

During the past 6 years, Afloat Enterprises's highest Days Inventory was 16.63. The lowest was 10.55. And the median was 13.59.

BOM:543377's Days Inventory is not ranked ^*
in the Steel industry.
Industry Median: 88.66
* Ranked among companies with meaningful Days Inventory only.

Afloat Enterprises's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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.

Afloat Enterprises Days Inventory Historical Data

The historical data trend for Afloat Enterprises'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.

Afloat Enterprises Days Inventory Chart

Afloat Enterprises Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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10.55

16.63

Afloat Enterprises Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial				5.94	182.50	-	-	-

Competitive Comparison of Afloat Enterprises's Days Inventory

For the Steel subindustry, Afloat Enterprises'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.

Afloat Enterprises's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Afloat Enterprises's Days Inventory distribution charts can be found below:

* The bar in red indicates where Afloat Enterprises's Days Inventory falls into.

Afloat Enterprises Days Inventory Calculation

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

Afloat Enterprises'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	+	0)	/	1 )	/	18.506	*	365
=	0					/	18.506	*	365
=	0.00

Afloat Enterprises'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
=	( (0	+	0)	/	1 )	/	0	*	365 / 2
=	0					/	0	*	365 / 2
=	N/A

Afloat Enterprises (BOM:543377) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0
	=

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.

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

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

Afloat Enterprises Days Inventory Related Terms

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

Afloat Enterprises (BOM:543377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Afloat Enterprises Ltd (BOM:543377) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aggarwal Plaza, Plot 3, Shop 325, DDA Community Centre, Sector-14, Rohini, New Delhi, IND, 110085

Website

https://www.adishaktiloha.com

Afloat Enterprises Ltd is engaged in the business of trading metals with its core focus on trading in Iron and Steel.

Afloat Enterprises (BOM:543377) Headlines

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