Canarys Automations (NSE:CANARYS) Days Inventory : 32.31 (As of Mar. 2023)

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What is Canarys Automations Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Canarys Automations's Average Total Inventories for the six months ended in Mar. 2023 was ₹41.9 Mil. Canarys Automations's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹473.4 Mil. Hence, Canarys Automations's Days Inventory for the six months ended in Mar. 2023 was 16.15.

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

NSE:CANARYS's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 18.695
* Ranked among companies with meaningful Days Inventory only.

Canarys Automations's Days Inventory increased from Mar. 2021 (21.00) to Mar. 2023 (32.31). It might indicate that Canarys Automations's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canarys Automations's Inventory Turnover for the six months ended in Mar. 2023 was 11.30.

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. Canarys Automations's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.06.

Canarys Automations Days Inventory Historical Data

The historical data trend for Canarys Automations'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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Canarys Automations Days Inventory Chart

Canarys Automations Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

21.00

28.46

32.31

Canarys Automations Semi-Annual Data
	Mar21	Mar22	Mar23
Days Inventory	21.00	28.46	32.31

Competitive Comparison of Canarys Automations's Days Inventory

For the Information Technology Services subindustry, Canarys Automations'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.

Canarys Automations's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Canarys Automations's Days Inventory distribution charts can be found below:

* The bar in red indicates where Canarys Automations's Days Inventory falls into.

Canarys Automations Days Inventory Calculation

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

Canarys Automations'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
=	( (43.165	+	40.629)	/	2 )	/	473.36	*	365
=	41.897					/	473.36	*	365
=	32.31

Canarys Automations's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (43.165	+	40.629)	/	2 )	/	473.36	*	365 / 2
=	41.897					/	473.36	*	365 / 2
=	16.15

Canarys Automations (NSE:CANARYS) 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.

Canarys Automations's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	473.36	/	41.897
	=	11.30

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.

Canarys Automations's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	41.897	/	745.194
	=	0.06

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.

Canarys Automations Days Inventory Related Terms

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

Canarys Automations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Canarys Automations Ltd (NSE:CANARYS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

30th Main, Attimabbe Road, No. 566 & 567, 2nd Floor, Banagirinagara, Banashankari 3rd Stage, Bengaluru, KA, IND, 560085

Website

https://www.ecanarys.com

Canarys Automations Ltd is a leading IT solutions provider. Its expertise lies in enabling digital transformation for businesses through its comprehensive range of software solutions in the space of Digitalization, Modernization, Automation and Intelligence.

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