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Ahimsa Industries (NSE:AHIMSA) Days Inventory : 155.79 (As of Mar. 2024)


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What is Ahimsa Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ahimsa Industries's Average Total Inventories for the six months ended in Mar. 2024 was ₹51.9 Mil. Ahimsa Industries's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹60.8 Mil. Hence, Ahimsa Industries's Days Inventory for the six months ended in Mar. 2024 was 155.79.

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

NSE:AHIMSA' s Days Inventory Range Over the Past 10 Years
Min: 26.86   Med: 92.59   Max: 170.05
Current: 168.56

During the past 10 years, Ahimsa Industries's highest Days Inventory was 170.05. The lowest was 26.86. And the median was 92.59.

NSE:AHIMSA's Days Inventory is ranked worse than
84.7% of 1503 companies
in the Chemicals industry
Industry Median: 80.1 vs NSE:AHIMSA: 168.56

Ahimsa Industries's Days Inventory increased from Mar. 2023 (126.50) to Mar. 2024 (155.79). It might indicate that Ahimsa Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ahimsa Industries's Inventory Turnover for the six months ended in Mar. 2024 was 1.17.

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. Ahimsa Industries's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.64.


Ahimsa Industries Days Inventory Historical Data

The historical data trend for Ahimsa Industries'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.

Ahimsa Industries Days Inventory Chart

Ahimsa Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.89 128.19 122.46 120.46 170.05

Ahimsa Industries Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 108.90 99.35 126.50 181.23 155.79

Competitive Comparison of Ahimsa Industries's Days Inventory

For the Specialty Chemicals subindustry, Ahimsa Industries'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.


Ahimsa Industries's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ahimsa Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ahimsa Industries's Days Inventory falls into.



Ahimsa Industries Days Inventory Calculation

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

Ahimsa Industries'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
=( (55.771 + 51.502) / 2 ) / 115.124*365
=53.6365 / 115.124*365
=170.05

Ahimsa Industries'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
=( (52.218 + 51.502) / 2 ) / 60.751*365 / 2
=51.86 / 60.751*365 / 2
=155.79

* 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.


Ahimsa Industries  (NSE:AHIMSA) 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.

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

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.

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

* 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.


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.


Ahimsa Industries Days Inventory Related Terms

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


Ahimsa Industries Business Description

Traded in Other Exchanges
N/A
Address
Piplaj Pirana Road, 160, Devraj Industrial Park, Village Piplaj, Ahmedabad, GJ, IND, 382405
Ahimsa Industries Ltd is an Indian based firm. It is engaged in Manufacturing PET of preform and trading sugar confectionery machinery, plastic processing machinery, injection molds, and textiles. The company's operating segment includes PET/Preform/Cap/Machinery/Die; Textiles and Export Trading. It generates maximum revenue from the PET/Preform/Cap/Machinery/Die segment. It also exports Beverages, Confectionary Turn-key project services, manufactures engineering components, and others.

Ahimsa Industries Headlines

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