Electro Force (India) (NSE:EFORCE) Days Inventory : 153.08 (As of Mar. 2024)

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What is Electro Force (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Electro Force (India)'s Average Total Inventories for the six months ended in Mar. 2024 was ₹103.8 Mil. Electro Force (India)'s Cost of Goods Sold for the six months ended in Mar. 2024 was ₹123.7 Mil. Hence, Electro Force (India)'s Days Inventory for the six months ended in Mar. 2024 was 153.08.

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

NSE:EFORCE' s Days Inventory Range Over the Past 10 Years
Min: 35.29 Med: 104.32 Max: 171.85
Current: 170.18

During the past 4 years, Electro Force (India)'s highest Days Inventory was 171.85. The lowest was 35.29. And the median was 104.32.

NSE:EFORCE's Days Inventory is ranked worse than
69.56% of 2924 companies
in the Industrial Products industry
Industry Median: 121.33 vs NSE:EFORCE: 170.18

Electro Force (India)'s Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (153.08). It might indicate that Electro Force (India)'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. Electro Force (India)'s Inventory Turnover for the six months ended in Mar. 2024 was 1.19.

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. Electro Force (India)'s Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.78.

Electro Force (India) Days Inventory Historical Data

The historical data trend for Electro Force (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.

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Electro Force (India) Days Inventory Chart

Electro Force (India) Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Inventory

48.54

35.29

160.10

171.85

Electro Force (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Days Inventory	-	-	-	186.78	153.08

Competitive Comparison of Electro Force (India)'s Days Inventory

For the Electrical Equipment & Parts subindustry, Electro Force (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.

Electro Force (India)'s Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electro Force (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Electro Force (India)'s Days Inventory falls into.

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Electro Force (India) Days Inventory Calculation

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

Electro Force (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
=	( (127.022	+	98.235)	/	2 )	/	239.215	*	365
=	112.6285					/	239.215	*	365
=	171.85

Electro Force (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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (109.345	+	98.235)	/	2 )	/	123.741	*	365 / 2
=	103.79					/	123.741	*	365 / 2
=	153.08

Electro Force (India) (NSE:EFORCE) 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.

Electro Force (India)'s Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	123.741	/	103.79
	=	1.19

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	103.79	/	133.325
	=	0.78

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.

Electro Force (India) Days Inventory Related Terms

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Electro Force (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electro Force (India) Ltd (NSE:EFORCE) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

39/5, Mauje Waliv Vasai (East), Taluka - Vasai East, District - Palghar, Thane, MH, IND, 401 208

Website

https://www.electroforceindia.com

Electro Force (India) Ltd is engaged in designing and manufacturing precision sheet metal components, plastic injection moldings, and related assemblies. It includes product designing, prototyping, and process development for precision sheet metal components & plastic products & assemblies for the electrical & switchgear industry. The Company conducts its business in only one Geographical Segment which is India.

Electro Force (India) Headlines

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