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Australian Premium Solar (India) (NSE:APS) Days Inventory : 12.87 (As of Mar. 2024)


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What is Australian Premium Solar (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Australian Premium Solar (India)'s Average Total Inventories for the six months ended in Mar. 2024 was ₹45 Mil. Australian Premium Solar (India)'s Cost of Goods Sold for the six months ended in Mar. 2024 was ₹1,273 Mil. Hence, Australian Premium Solar (India)'s Days Inventory for the six months ended in Mar. 2024 was 6.43.

The historical rank and industry rank for Australian Premium Solar (India)'s Days Inventory or its related term are showing as below:

NSE:APS' s Days Inventory Range Over the Past 10 Years
Min: 12.87   Med: 29.32   Max: 49.27
Current: 12.87

During the past 4 years, Australian Premium Solar (India)'s highest Days Inventory was 49.27. The lowest was 12.87. And the median was 29.32.

NSE:APS's Days Inventory is ranked better than
97.06% of 951 companies
in the Semiconductors industry
Industry Median: 123.42 vs NSE:APS: 12.87

Australian Premium Solar (India)'s Days Inventory declined from Mar. 2022 (32.79) to Mar. 2024 (12.87).

Inventory Turnover measures how fast the company turns over its inventory within a year. Australian Premium Solar (India)'s Inventory Turnover for the six months ended in Mar. 2024 was 28.37.

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. Australian Premium Solar (India)'s Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.03.

Australian Premium Solar (India) Days Inventory Historical Data

The historical data trend for Australian Premium Solar (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.

Australian Premium Solar (India) Days Inventory Chart

Australian Premium Solar (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Days Inventory
49.27 32.79 25.85 12.87

Australian Premium Solar (India) Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Days Inventory 49.27 32.79 25.85 12.87

Competitive Comparison of Australian Premium Solar (India)'s Days Inventory

For the Solar subindustry, Australian Premium Solar (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.

Australian Premium Solar (India)'s Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Australian Premium Solar (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Australian Premium Solar (India)'s Days Inventory falls into.


Australian Premium Solar (India) Days Inventory Calculation

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

Australian Premium Solar (India)'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
=( (47.086 + 42.7) / 2 ) / 1273.434*365
=44.893 / 1273.434*365
=12.87

Australian Premium Solar (India)'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
=( (47.086 + 42.7) / 2 ) / 1273.434*365 / 2
=44.893 / 1273.434*365 / 2
=6.43

* 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.

Australian Premium Solar (India)  (NSE:APS) 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.

Australian Premium Solar (India)'s Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1273.434 / 44.893
=28.37

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.

Australian Premium Solar (India)'s Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=44.893 / 1496.729
=0.03

* 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.

Australian Premium Solar (India) Days Inventory Related Terms

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Australian Premium Solar (India) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Australian Premium Solar (India) Ltd (NSE:APS) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
N/A
Address
NH-08, At & Post: Tajpur, Sabarkantha, Prantij, GJ, IND, 383205
Website
https://www.australianpremiumsolar.co.in
Australian Premium Solar (India) Ltd is engaged in the manufacturing of solar panels and EPC services for solar systems. It manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) Polycrystalline Solar Panel. It also provides installation services for solar panels and solar pumps. The majority of the revenue is generated from the manufacturing of solar panels.

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