Avanti Feeds (NSE:AVANTIFEED) Days Inventory : 67.15 (As of Dec. 2023)

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What is Avanti Feeds Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Avanti Feeds's Average Total Inventories for the three months ended in Dec. 2023 was ₹7,414 Mil. Avanti Feeds's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹10,074 Mil. Hence, Avanti Feeds's Days Inventory for the three months ended in Dec. 2023 was 67.15.

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

NSE:AVANTIFEED' s Days Inventory Range Over the Past 10 Years
Min: 50.1 Med: 58.74 Max: 77.01
Current: 63.72

During the past 13 years, Avanti Feeds's highest Days Inventory was 77.01. The lowest was 50.10. And the median was 58.74.

NSE:AVANTIFEED's Days Inventory is ranked better than
64.33% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.33 vs NSE:AVANTIFEED: 63.72

Avanti Feeds's Days Inventory declined from Dec. 2022 (71.70) to Dec. 2023 (67.15).

Inventory Turnover measures how fast the company turns over its inventory within a year. Avanti Feeds's Inventory Turnover for the three months ended in Dec. 2023 was 1.36.

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. Avanti Feeds's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.59.

Avanti Feeds Days Inventory Historical Data

The historical data trend for Avanti Feeds'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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Avanti Feeds Days Inventory Chart

Avanti Feeds Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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58.48

50.10

60.60

64.73

77.01

Avanti Feeds Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															71.70	76.03	58.06	65.45	67.15

Competitive Comparison of Avanti Feeds's Days Inventory

For the Packaged Foods subindustry, Avanti Feeds'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.

Avanti Feeds's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Avanti Feeds's Days Inventory distribution charts can be found below:

* The bar in red indicates where Avanti Feeds's Days Inventory falls into.

Avanti Feeds Days Inventory Calculation

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

Avanti Feeds's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (9893.103	+	8052.639)	/	2 )	/	42526.655	*	365
=	8972.871					/	42526.655	*	365
=	77.01

Avanti Feeds's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7413.855	+	0)	/	1 )	/	10074.134	*	365 / 4
=	7413.855					/	10074.134	*	365 / 4
=	67.15

Avanti Feeds (NSE:AVANTIFEED) 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.

Avanti Feeds's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10074.134	/	7413.855
	=	1.36

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.

Avanti Feeds's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7413.855	/	12532.344
	=	0.59

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.

Avanti Feeds Days Inventory Related Terms

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

Avanti Feeds (NSE:AVANTIFEED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Avanti Feeds Ltd (NSE:AVANTIFEED) » Definitions » Days Inventory

Traded in Other Exchanges

512573:India

Address

G-2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad, TG, IND, 500082

Website

https://www.avantifeeds.com

Avanti Feeds Ltd is an Indian company which is engaged in the manufacturing of prawn and fish feeds and shrimp processor. The company's operating segments include Shrimp Feed, Shrimp Hatchery and Wind Mills. It generates maximum revenue from the Shrimp Feed segment. Geographically, it derives a majority of its revenue from India and also has a presence in the USA and the Rest of the world. Its product includes prawn feed, scampi feed, and fish feed.

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