Kundan Edifice (NSE:KEL) Days Inventory : 112.07 (As of Mar. 2024)

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What is Kundan Edifice Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kundan Edifice's Average Total Inventories for the six months ended in Mar. 2024 was ₹194.4 Mil. Kundan Edifice's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹633.2 Mil. Hence, Kundan Edifice's Days Inventory for the six months ended in Mar. 2024 was 56.04.

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

NSE:KEL' s Days Inventory Range Over the Past 10 Years
Min: 101.35 Med: 103.47 Max: 190.27
Current: 112.07

During the past 3 years, Kundan Edifice's highest Days Inventory was 190.27. The lowest was 101.35. And the median was 103.47.

NSE:KEL's Days Inventory is ranked worse than
56.56% of 2394 companies
in the Hardware industry
Industry Median: 99.695 vs NSE:KEL: 112.07

Kundan Edifice's Days Inventory increased from Mar. 2022 (101.35) to Mar. 2024 (112.07). It might indicate that Kundan Edifice'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. Kundan Edifice's Inventory Turnover for the six months ended in Mar. 2024 was 3.26.

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. Kundan Edifice's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.23.

Kundan Edifice Days Inventory Historical Data

The historical data trend for Kundan Edifice'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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Kundan Edifice Days Inventory Chart

Kundan Edifice Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

190.27

101.35

103.47

Kundan Edifice Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Days Inventory	190.27	101.35	103.47	112.07

Competitive Comparison of Kundan Edifice's Days Inventory

For the Electronic Components subindustry, Kundan Edifice'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.

Kundan Edifice's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kundan Edifice's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kundan Edifice's Days Inventory falls into.

Kundan Edifice Days Inventory Calculation

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

Kundan Edifice'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
=	( (84.945	+	159.636)	/	2 )	/	431.403	*	365
=	122.2905					/	431.403	*	365
=	103.47

Kundan Edifice'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
=	( (159.636	+	229.215)	/	2 )	/	633.205	*	365 / 2
=	194.4255					/	633.205	*	365 / 2
=	56.04

Kundan Edifice (NSE:KEL) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	633.205	/	194.4255
	=	3.26

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	194.4255	/	839.027
	=	0.23

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.

Kundan Edifice Days Inventory Related Terms

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Kundan Edifice Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kundan Edifice Ltd (NSE:KEL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

Dattapada Road, 291, Kundan House, Borivali East, Mumbai, MH, IND, 400066

Website

https://www.kundanedifice.com

Kundan Edifice Ltd is a Company engaged in manufacturing, assembly, and sale of light-emitting diode (LED) strip lights. The company provides lighting solutions to some of the key electrical and electronic manufacturing brands in India. The Company has one reportable segment which is the business of Manufacturing & Selling LED Strip Lights.

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