Digidrive Distributors (BOM:544079) Days Inventory : 63.17 (As of Dec. 2024)

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What is Digidrive Distributors Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Digidrive Distributors's Average Total Inventories for the three months ended in Dec. 2024 was ₹50.4 Mil. Digidrive Distributors's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹72.8 Mil. Hence, Digidrive Distributors's Days Inventory for the three months ended in Dec. 2024 was 63.17.

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

BOM:544079' s Days Inventory Range Over the Past 10 Years
Min: 50.95 Med: 54.27 Max: 60.3
Current: 60.3

During the past 2 years, Digidrive Distributors's highest Days Inventory was 60.30. The lowest was 50.95. And the median was 54.27.

BOM:544079's Days Inventory is ranked better than
73.01% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 106.555 vs BOM:544079: 60.30

Digidrive Distributors's Days Inventory increased from Dec. 2023 (0.00) to Dec. 2024 (63.17). It might indicate that Digidrive Distributors's sales slowed down.

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. Digidrive Distributors's Inventory Turnover for the three months ended in Dec. 2024 was 1.44.

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. Digidrive Distributors's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.35.

Digidrive Distributors Days Inventory Historical Data

The historical data trend for Digidrive Distributors'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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Digidrive Distributors Days Inventory Chart

Digidrive Distributors Annual Data

Trend

Mar23

Mar24

Days Inventory

57.58

50.95

Digidrive Distributors Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial			-	55.28	49.25	78.48	63.17

Competitive Comparison of Digidrive Distributors's Days Inventory

For the Internet Retail subindustry, Digidrive Distributors'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.

Digidrive Distributors's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Digidrive Distributors's Days Inventory distribution charts can be found below:

* The bar in red indicates where Digidrive Distributors's Days Inventory falls into.

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Digidrive Distributors Days Inventory Calculation

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

Digidrive Distributors'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
=	( (44.413	+	44.366)	/	2 )	/	318.031	*	365
=	44.3895					/	318.031	*	365
=	50.95

Digidrive Distributors's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (50.4	+	0)	/	1 )	/	72.8	*	365 / 4
=	50.4					/	72.8	*	365 / 4
=	63.17

Digidrive Distributors (BOM:544079) 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.

Digidrive Distributors's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	72.8	/	50.4
	=	1.44

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.

Digidrive Distributors's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	50.4	/	143.9
	=	0.35

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.

Digidrive Distributors Days Inventory Related Terms

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

Digidrive Distributors Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Digidrive Distributors Ltd (BOM:544079) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DIGIDRIVE:India

Address

33, Jessore Road, Dum Dum, Kolkata, WB, IND, 700028

Website

https://www.digidrivelimited.com

Digidrive Distributors Ltd is a master distributor for retailing goods on all digital marketplaces. It is engaged in the E-Commerce distribution business of music storage device; Carvaan and its variants, directly and through distributors, appointed for selling on digital media mediums. The company is also engaged in the Media and Publishing business, printing of printed materials, and marketing support services. Its reportable segments are; Trading and Publication. The majority of the company's revenue is generated from its Trading segment which includes distributorship for retailing goods on all digital marketplaces.

Digidrive Distributors Headlines

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