Modis Navnirman (BOM:543539) Days Inventory : 470.35 (As of Mar. 2024)

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What is Modis Navnirman Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Modis Navnirman's Average Total Inventories for the six months ended in Mar. 2024 was ₹719.6 Mil. Modis Navnirman's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹279.2 Mil. Hence, Modis Navnirman's Days Inventory for the six months ended in Mar. 2024 was 470.35.

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

BOM:543539' s Days Inventory Range Over the Past 10 Years
Min: 146.65 Med: 528.84 Max: 2098.21
Current: 508.82

During the past 5 years, Modis Navnirman's highest Days Inventory was 2098.21. The lowest was 146.65. And the median was 528.84.

BOM:543539's Days Inventory is ranked better than
57.54% of 1319 companies
in the Real Estate industry
Industry Median: 699.54 vs BOM:543539: 508.82

Modis Navnirman's Days Inventory declined from Mar. 2023 (514.30) to Mar. 2024 (470.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. Modis Navnirman's Inventory Turnover for the six months ended in Mar. 2024 was 0.39.

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. Modis Navnirman's Inventory-to-Revenue for the six months ended in Mar. 2024 was 2.21.

Modis Navnirman Days Inventory Historical Data

The historical data trend for Modis Navnirman'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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Modis Navnirman Days Inventory Chart

Modis Navnirman Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

148.12

146.65

2,098.21

547.75

528.84

Modis Navnirman Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial			-	524.89	514.30	540.55	470.35

Competitive Comparison of Modis Navnirman's Days Inventory

For the Real Estate - Development subindustry, Modis Navnirman'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.

Modis Navnirman's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Modis Navnirman's Days Inventory distribution charts can be found below:

* The bar in red indicates where Modis Navnirman's Days Inventory falls into.

Modis Navnirman Days Inventory Calculation

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

Modis Navnirman'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
=	( (524.781	+	836.069)	/	2 )	/	469.621	*	365
=	680.425					/	469.621	*	365
=	528.84

Modis Navnirman'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
=	( (603.146	+	836.069)	/	2 )	/	279.215	*	365 / 2
=	719.6075					/	279.215	*	365 / 2
=	470.35

Modis Navnirman (BOM:543539) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	279.215	/	719.6075
	=	0.39

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	719.6075	/	325.34
	=	2.21

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.

Modis Navnirman Days Inventory Related Terms

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Modis Navnirman (BOM:543539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modis Navnirman Ltd (BOM:543539) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

M G Road, Shop No. 1, Rashmi Heights, Opposite Kamla Nagar, Kandivali (West), Mumbai, MH, IND, 400067

Website

https://www.modisnirman.com

Modis Navnirman Ltd is engaged in the real estate sector. It focuses on the mid-market and affordable housing categories as its target segment within the residential housing market. The company's projects are located in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The company projects are Rashmi Enclave, Badshah Residency, Rashmi Jewel, Rashmi Terrace and others.

Modis Navnirman (BOM:543539) Headlines

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