Kaynes Technology India (BOM:543664) Days Inventory : 130.52 (As of Dec. 2023)

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What is Kaynes Technology India Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kaynes Technology India's Average Total Inventories for the three months ended in Dec. 2023 was ₹5,512 Mil. Kaynes Technology India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹3,854 Mil. Hence, Kaynes Technology India's Days Inventory for the three months ended in Dec. 2023 was 130.52.

The historical rank and industry rank for Kaynes Technology India's Days Inventory or its related term are showing as below:

BOM:543664' s Days Inventory Range Over the Past 10 Years
Min: 141.6 Med: 168.75 Max: 220.94
Current: 189.79

During the past 4 years, Kaynes Technology India's highest Days Inventory was 220.94. The lowest was 141.60. And the median was 168.75.

BOM:543664's Days Inventory is ranked worse than
73.63% of 2905 companies
in the Industrial Products industry
Industry Median: 120.1 vs BOM:543664: 189.79

Kaynes Technology India's Days Inventory declined from Sep. 2022 (138.33) to Dec. 2023 (130.52).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kaynes Technology India's Inventory Turnover for the three months ended in Dec. 2023 was 0.70.

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. Kaynes Technology India's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.08.

Kaynes Technology India Days Inventory Historical Data

The historical data trend for Kaynes Technology India'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.

Kaynes Technology India Days Inventory Chart

Kaynes Technology India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

220.94

194.55

141.60

142.95

Kaynes Technology India Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial					138.33	-	133.82	169.09	130.52

Competitive Comparison of Kaynes Technology India's Days Inventory

For the Specialty Industrial Machinery subindustry, Kaynes Technology India'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.

Kaynes Technology India's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kaynes Technology India's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kaynes Technology India's Days Inventory falls into.

Kaynes Technology India Days Inventory Calculation

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

Kaynes Technology India'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
=	( (2263.78	+	4131.64)	/	2 )	/	8164.71	*	365
=	3197.71					/	8164.71	*	365
=	142.95

Kaynes Technology India'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
=	( (5512.39	+	0)	/	1 )	/	3853.92	*	365 / 4
=	5512.39					/	3853.92	*	365 / 4
=	130.52

Kaynes Technology India (BOM:543664) 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.

Kaynes Technology India's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3853.92	/	5512.39
	=	0.70

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.

Kaynes Technology India's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5512.39	/	5092.93
	=	1.08

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.

Kaynes Technology India Days Inventory Related Terms

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

Kaynes Technology India (BOM:543664) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kaynes Technology India Ltd (BOM:543664) » Definitions » Days Inventory

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KAYNES:India

Address

23-25, Belagola, Food Industrial Estate, Metagalli P.O., Mysore, KA, IND, 570016

Website

https://www.kaynestechnology.co.in

Kaynes Technology India Ltd is an end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing and life-cycle support for players in the automotive, industrial, aerospace and defense, outer-space, nuclear, medical, railways, Internet of Things, Information Technology and other segments.

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