Ather Energy (NSE:ATHERENERG) Days Inventory: 28.39 (As of Mar. 2026) — 21% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:ATHERENERG Ather Energy Ltd NSE:ATHERENERG
6 GF Score
Price ₹1,296.40
! 4 Warning Signs
View Full Analysis

What is Ather Energy Days Inventory?

Ather Energy NSE:ATHERENERG +7.87% 6 Days Inventory is 28.39 as of Mar. 2026, which is 21% below its 10-year median of 35.77. GuruFocus rates NSE:ATHERENERG with a GF Score™ of 6/100. The stock has 4 warning signs investors should review. Among 1,290 Vehicles & Parts companies, Ather Energy ranks better than 89.3% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Ather Energy's Average Total Inventories for the three months ended in Mar. 2026 was ₹2,816 Mil. Ather Energy's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹9,051 Mil. Hence, Ather Energy's Days Inventory for the three months ended in Mar. 2026 was 28.39.

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

NSE:ATHERENERG' s Days Inventory Range Over the Past 10 Years
Min: 22.7   Med: 35.77   Max: 57.4
Current: 33.7

During the past 5 years, Ather Energy's highest Days Inventory was 57.40. The lowest was 22.70. And the median was 35.77.

NSE:ATHERENERG's Days Inventory is ranked better than
89.3% of 1290 companies
in the Vehicles & Parts industry
Industry Median: 80.43 vs NSE:ATHERENERG: 33.70

Ather Energy's Days Inventory declined from Mar. 2025 (36.04) to Mar. 2026 (28.39).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ather Energy's Inventory Turnover for the three months ended in Mar. 2026 was 3.21.

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. Ather Energy's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.24.


Ather Energy  (NSE:ATHERENERG) 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.

Ather Energy's Inventory Turnover for the three months ended in Mar. 2026 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.

Ather Energy's Inventory to Revenue for the three months ended in Mar. 2026 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.


Ather Energy Days Inventory Related Terms


Ather Energy Days Inventory Historical Data

* Premium members only.

The historical data trend for Ather Energy'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.

Ather Energy Days Inventory Chart

Ather Energy Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Days Inventory
57.40 35.77 40.94 22.70 35.47

Ather Energy Quarterly Data
Mar22 Mar23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 36.04 0.00 31.68 31.07 28.39

NSE:ATHERENERG vs TSLA, GM, F: Days Inventory Comparison

For the Auto Manufacturers subindustry, Ather Energy'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.


Ather Energy Days Inventory vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ather Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ather Energy's Days Inventory falls into.


NSE:ATHERENERG
6GF Score
Ather Energy Ltd NSE:ATHERENERG
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ather Energy Days Inventory Calculation

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

Ather Energy's Days Inventory for the fiscal year that ended in Mar. 2026 is calculated as

Days Inventory (A: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (0 + 2815.6) / 1 ) / 28976.1*365
=2815.6 / 28976.1*365
=35.47

Ather Energy's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 2815.6) / 1 ) / 9050.6*365 / 4
=2815.6 / 9050.6*365 / 4
=28.39

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 28.39 mean?
Ather Energy (NSE:ATHERENERG) has a Days Inventory of 28.39 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ather Energy and its competitors. This is 21% below median its historical median of 35.77. Over the past decade, Ather Energy's Days Inventory has ranged from 22.70 to 57.40. According to the industry distribution chart, Ather Energy ranks #138 out of 1290 companies in the Vehicles & Parts industry, placing it in the top 10.7%.
Is Ather Energy's Days Inventory too high?
Ather Energy's current Days Inventory of 28.39 is 21% below median its 10-year median of 35.77. Over the past 10 years, this metric has ranged from a low of 22.70 to a high of 57.40. The Vehicles & Parts industry median Days Inventory is 80.43. Ather Energy's value of 28.39 is 64.7% below this industry median. Based on the distribution chart, Ather Energy ranks #138 out of 1290 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Ather Energy has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Ather Energy's Days Inventory compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Ather Energy ranks #138 out of 1290 companies for Days Inventory. This places Ather Energy in the top 11% of its industry — outperforming the majority of peers. The industry median Days Inventory is 80.43. Ather Energy's value of 28.39 is 64.7% below this benchmark. Historically, Ather Energy's own Days Inventory has ranged from 22.70 to 57.40 over the past decade. While the company's 10-year median is 35.77 vs. the industry median of 80.43, Ather Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Vehicles & Parts company?
The median Days Inventory among Vehicles & Parts companies is 80.43, based on 1,290 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ather Energy's current Days Inventory of 28.39 is 64.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ather Energy and its competitors. For the Vehicles & Parts industry, the median Days Inventory is 80.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ather Energy's current Days Inventory is 28.39, which is 21% below median its own 10-year median of 35.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ather Energy stock overvalued right now?
Ather Energy (NSE:ATHERENERG) has a current Days Inventory of 28.39. The current Days Inventory is 28.39, which is 21% below median its 10-year median of 35.77 and 64.7% below the Vehicles & Parts industry median of 80.43. Ather Energy's overall GF Score™ is 6/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Ather Energy (NSE:ATHERENERG), the current Days Inventory is 28.39 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ather Energy Business Description

Other Exchanges 544397:India
Address No. 4/1 Bannerghatta Main Road, 13th Floor, Tower D, IBC Knowledge Park, Bangalore, KA, IND, 560029
Ather Energy Ltd is engaged in the Indian electric two-wheeler (E2W) market. It is a EV company that sells E2Ws and the associated product ecosystem, comprised of software, charging infrastructure and smart accessories, all of which conceptualized and designed. Its model include Ather 450S, Ather 450X, Ather 450 Apex, Ather Rizta Z, etc.
6GF Score

Get the complete analysis for NSE:ATHERENERG

Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,296.40
Price