Ishan International (NSE:ISHAN) Days Inventory : 4.86 (As of Sep. 2023)

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What is Ishan International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ishan International's Average Total Inventories for the six months ended in Sep. 2023 was ₹1.9 Mil. Ishan International's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹70.8 Mil. Hence, Ishan International's Days Inventory for the six months ended in Sep. 2023 was 4.86.

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

NSE:ISHAN' s Days Inventory Range Over the Past 10 Years
Min: 0.37 Med: 0.42 Max: 16.88
Current: 16.88

During the past 4 years, Ishan International's highest Days Inventory was 16.88. The lowest was 0.37. And the median was 0.42.

NSE:ISHAN's Days Inventory is ranked better than
99.02% of 204 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 132.7 vs NSE:ISHAN: 16.88

Ishan International's Days Inventory declined from Sep. 2022 (25.99) to Sep. 2023 (4.86).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ishan International's Inventory Turnover for the six months ended in Sep. 2023 was 37.55.

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. Ishan International's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.02.

Ishan International Days Inventory Historical Data

The historical data trend for Ishan International'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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Ishan International Days Inventory Chart

Ishan International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

0.37

0.42

1.00

Ishan International Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			0.43	0.40	25.99	16.57	4.86

Competitive Comparison of Ishan International's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Ishan International'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.

Ishan International's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ishan International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ishan International's Days Inventory falls into.

Ishan International Days Inventory Calculation

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

Ishan International'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
=	( (0.176	+	1.348)	/	2 )	/	278.849	*	365
=	0.762					/	278.849	*	365
=	1.00

Ishan International's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.348	+	2.421)	/	2 )	/	70.77	*	365 / 2
=	1.8845					/	70.77	*	365 / 2
=	4.86

Ishan International (NSE:ISHAN) 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.

Ishan International's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	70.77	/	1.8845
	=	37.55

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.

Ishan International's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.8845	/	90.055
	=	0.02

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.

Ishan International Days Inventory Related Terms

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

Ishan International (NSE:ISHAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ishan International Ltd (NSE:ISHAN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1616, WTT Building, 16th Floor, Sector 16, Noida, UP, IND, 201301

Website

https://www.ishanglobal.com

Ishan International Ltd is a heavy engineering company. It is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants and pollution control systems. The company also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, and Pollution Control Systems.

Ishan International (NSE:ISHAN) Headlines

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