Kore Digital (NSE:KDL) Days Inventory : 90.38 (As of Mar. 2024)

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What is Kore Digital Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kore Digital's Average Total Inventories for the six months ended in Mar. 2024 was ₹209 Mil. Kore Digital's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹846 Mil. Hence, Kore Digital's Days Inventory for the six months ended in Mar. 2024 was 45.19.

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

NSE:KDL' s Days Inventory Range Over the Past 10 Years
Min: 90.38 Med: 331.05 Max: 875.78
Current: 90.38

During the past 5 years, Kore Digital's highest Days Inventory was 875.78. The lowest was 90.38. And the median was 331.05.

NSE:KDL's Days Inventory is ranked worse than
89.83% of 295 companies
in the Telecommunication Services industry
Industry Median: 18.85 vs NSE:KDL: 90.38

Kore Digital's Days Inventory declined from Mar. 2022 (169.74) to Mar. 2024 (90.38).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kore Digital's Inventory Turnover for the six months ended in Mar. 2024 was 4.04.

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. Kore Digital's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.20.

Kore Digital Days Inventory Historical Data

The historical data trend for Kore Digital'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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Kore Digital Days Inventory Chart

Kore Digital Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

875.78

434.10

169.74

331.05

90.38

Kore Digital Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Days Inventory	875.78	434.10	169.74	331.05	90.38

Competitive Comparison of Kore Digital's Days Inventory

For the Telecom Services subindustry, Kore Digital'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.

Kore Digital's Days Inventory Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kore Digital's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kore Digital's Days Inventory falls into.

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Kore Digital Days Inventory Calculation

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

Kore Digital'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
=	( (161.345	+	257.642)	/	2 )	/	846.071	*	365
=	209.4935					/	846.071	*	365
=	90.38

Kore Digital'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: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (161.345	+	257.642)	/	2 )	/	846.071	*	365 / 2
=	209.4935					/	846.071	*	365 / 2
=	45.19

Kore Digital (NSE:KDL) 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.

Kore Digital's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	846.071	/	209.4935
	=	4.04

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.

Kore Digital's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	209.4935	/	1035.076
	=	0.20

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.

Kore Digital Days Inventory Related Terms

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

Kore Digital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Kore Digital Ltd (NSE:KDL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

B 1107-1108, Shelton Sapphire, Sector 15, Plot No. 18/19, CBD Belapur, Thane, Navi Mumbai, MH, IND, 400614

Website

https://www.koredigital.com

Kore Digital Ltd offers telecom and infrastructure development and development of related allied services. It is engaged mainly in the business of installing and commissioning Poles, Towers, and Optical Fibre Cable (OFC) Systems in Maharashtra.

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