HOAC Foods India (NSE:HOACFOODS) Days Inventory : 77.63 (As of Mar. 2023)

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What is HOAC Foods India Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). HOAC Foods India's Average Total Inventories for the six months ended in Mar. 2023 was ₹17.7 Mil. HOAC Foods India's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹83.1 Mil. Hence, HOAC Foods India's Days Inventory for the six months ended in Mar. 2023 was 38.81.

The historical rank and industry rank for HOAC Foods India's Days Inventory or its related term are showing as below:

NSE:HOACFOODS's Days Inventory is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 81.75
* Ranked among companies with meaningful Days Inventory only.

HOAC Foods India's Days Inventory increased from Mar. 2021 (61.73) to Mar. 2023 (77.63). It might indicate that HOAC Foods India's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. HOAC Foods India's Inventory Turnover for the six months ended in Mar. 2023 was 4.70.

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. HOAC Foods India's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.15.

HOAC Foods India Days Inventory Historical Data

The historical data trend for HOAC Foods 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.

HOAC Foods India Days Inventory Chart

HOAC Foods India Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

61.73

50.01

77.63

HOAC Foods India Semi-Annual Data
	Mar21	Mar22	Mar23
Days Inventory	61.73	50.01	77.63

Competitive Comparison of HOAC Foods India's Days Inventory

For the Farm Products subindustry, HOAC Foods 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.

HOAC Foods India's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where HOAC Foods India's Days Inventory falls into.

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HOAC Foods India Days Inventory Calculation

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

HOAC Foods India'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
=	( (13.37	+	21.973)	/	2 )	/	83.088	*	365
=	17.6715					/	83.088	*	365
=	77.63

HOAC Foods India'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
=	( (13.37	+	21.973)	/	2 )	/	83.088	*	365 / 2
=	17.6715					/	83.088	*	365 / 2
=	38.81

HOAC Foods India (NSE:HOACFOODS) 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.

HOAC Foods India's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	83.088	/	17.6715
	=	4.70

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.

HOAC Foods India's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17.6715	/	120.856
	=	0.15

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.

HOAC Foods India Days Inventory Related Terms

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

HOAC Foods India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HOAC Foods India Ltd (NSE:HOACFOODS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

D-498, 1st Floor Palam Extension, Sector-7 Dwarka, Raj Nagar - II, South West Delhi, New Delhi, IND, 110077

Website

https://www.hoacfoodsindia.com

HOAC Foods India Ltd is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil. Its product portfolio is comprised of 4 categories which include products such as Spices & Herbs, Oil, Wheat Flour (Chakki Atta) & Healthy Flour, Pulses, Rice & Grain, and other food products with 153 product SKUs. The company sells its product under the brand name "HARIOM," and most of the sales are derived from the Delhi-NCR region. The franchise network comprises 4 company-owned outlets and 6 franchise-owned outlets.

HOAC Foods India Headlines

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