Akanksha Power and Infrastructure (NSE:AKANKSHA) Days Inventory : 104.05 (As of Mar. 2024)

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What is Akanksha Power and Infrastructure Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Akanksha Power and Infrastructure's Average Total Inventories for the six months ended in Mar. 2024 was ₹92.4 Mil. Akanksha Power and Infrastructure's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹324.0 Mil. Hence, Akanksha Power and Infrastructure's Days Inventory for the six months ended in Mar. 2024 was 52.03.

The historical rank and industry rank for Akanksha Power and Infrastructure's Days Inventory or its related term are showing as below:

NSE:AKANKSHA' s Days Inventory Range Over the Past 10 Years
Min: 23.29 Med: 63.54 Max: 104.05
Current: 104.05

During the past 5 years, Akanksha Power and Infrastructure's highest Days Inventory was 104.05. The lowest was 23.29. And the median was 63.54.

NSE:AKANKSHA's Days Inventory is ranked better than
58.47% of 2921 companies
in the Industrial Products industry
Industry Median: 121.54 vs NSE:AKANKSHA: 104.05

Akanksha Power and Infrastructure's Days Inventory increased from Mar. 2022 (23.29) to Mar. 2024 (104.05). It might indicate that Akanksha Power and Infrastructure'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. Akanksha Power and Infrastructure's Inventory Turnover for the six months ended in Mar. 2024 was 3.51.

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. Akanksha Power and Infrastructure's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.16.

Akanksha Power and Infrastructure Days Inventory Historical Data

The historical data trend for Akanksha Power and Infrastructure'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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Akanksha Power and Infrastructure Days Inventory Chart

Akanksha Power and Infrastructure Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

55.91

23.29

71.16

104.05

Akanksha Power and Infrastructure Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Days Inventory	-	55.91	23.29	71.16	104.05

Competitive Comparison of Akanksha Power and Infrastructure's Days Inventory

For the Electrical Equipment & Parts subindustry, Akanksha Power and Infrastructure'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.

Akanksha Power and Infrastructure's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Akanksha Power and Infrastructure's Days Inventory distribution charts can be found below:

* The bar in red indicates where Akanksha Power and Infrastructure's Days Inventory falls into.

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Akanksha Power and Infrastructure Days Inventory Calculation

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

Akanksha Power and Infrastructure'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
=	( (87.299	+	97.442)	/	2 )	/	324.021	*	365
=	92.3705					/	324.021	*	365
=	104.05

Akanksha Power and Infrastructure'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: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (87.299	+	97.442)	/	2 )	/	324.021	*	365 / 2
=	92.3705					/	324.021	*	365 / 2
=	52.03

Akanksha Power and Infrastructure (NSE:AKANKSHA) 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.

Akanksha Power and Infrastructure's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	324.021	/	92.3705
	=	3.51

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.

Akanksha Power and Infrastructure's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	92.3705	/	565.312
	=	0.16

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.

Akanksha Power and Infrastructure Days Inventory Related Terms

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Akanksha Power and Infrastructure Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Akanksha Power and Infrastructure Ltd (NSE:AKANKSHA) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Plot No. 87/4, MIDC, Satpur, Nashik, MH, IND, 422007

Website

https://www.apil.co.in

Akanksha Power and Infrastructure Ltd is engaged in the business of manufacturing of electric equipments, including electrical panels, instrument transformers, and vacuum contactors, catering to consumers from institutions, industries and electricity transmission and distribution utilities. Products of the company include APFC Panel & Key Components, Instrument Transformer, MCC, PCC, VFD Panels, Universal Measuring Instruments, DC UPS And Power Supply. Its services involve execution of electrical turnkey projects.

Akanksha Power and Infrastructure Headlines

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