Moksh Ornaments (NSE:MOKSH) Days Inventory: 40.85 (As of Sep. 2024)

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NSE:MOKSH Moksh Ornaments Ltd NSE:MOKSH
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Price ₹11.44
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What is Moksh Ornaments Days Inventory?

Moksh Ornaments NSE:MOKSH -1.12% 4 Days Inventory is 40.85 as of Sep. 2024. GuruFocus rates NSE:MOKSH with a GF Score™ of 4/100.

Days Inventory is also known as Days Sales of Inventory (DSI). Moksh Ornaments's Average Total Inventories for the three months ended in Sep. 2024 was ₹659 Mil. Moksh Ornaments's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹1,471 Mil. Hence, Moksh Ornaments's Days Inventory for the three months ended in Sep. 2024 was 40.85.

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

NSE:MOKSH's Days Inventory is not ranked *
in the Retail - Cyclical industry.
Industry Median: 105.13
* Ranked among companies with meaningful Days Inventory only.

Moksh Ornaments's Days Inventory increased from Sep. 2023 (32.63) to Sep. 2024 (40.85). It might indicate that Moksh Ornaments's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Moksh Ornaments's Inventory Turnover for the three months ended in Sep. 2024 was 2.23.

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. Moksh Ornaments's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.42.


Moksh Ornaments  (NSE:MOKSH) 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.

Moksh Ornaments's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

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.

Moksh Ornaments's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

* 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.


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.


Moksh Ornaments Days Inventory Related Terms


Moksh Ornaments Days Inventory Historical Data

* Premium members only.

The historical data trend for Moksh Ornaments'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.

Moksh Ornaments Days Inventory Chart

Moksh Ornaments Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.12 28.90 22.86 25.03 41.94

Moksh Ornaments Quarterly Data
Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.63 49.78 52.07 39.16 40.85

NSE:MOKSH vs TPR: Days Inventory Comparison

For the Luxury Goods subindustry, Moksh Ornaments'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.


Moksh Ornaments Days Inventory vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Moksh Ornaments's Days Inventory distribution charts can be found below:

* The bar in red indicates where Moksh Ornaments's Days Inventory falls into.


NSE:MOKSH
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Moksh Ornaments Ltd NSE:MOKSH
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Moksh Ornaments Days Inventory Calculation

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

Moksh Ornaments'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
=( (436.299 + 546.136) / 2 ) / 4275.15*365
=491.2175 / 4275.15*365
=41.94

Moksh Ornaments's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (0 + 658.502) / 1 ) / 1470.954*365 / 4
=658.502 / 1470.954*365 / 4
=40.85

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 40.85 mean?
Moksh Ornaments (NSE:MOKSH) has a Days Inventory of 40.85 as of Sep. 2024. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Moksh Ornaments and its competitors.
Is Moksh Ornaments' Days Inventory too high?
Moksh Ornaments' current Days Inventory is 40.85. The Retail - Cyclical industry median Days Inventory is 105.13. Moksh Ornaments' value of 40.85 is 61.1% below this industry median. Overall, Moksh Ornaments has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Moksh Ornaments' Days Inventory compare to TPR?
Moksh Ornaments' Days Inventory of 40.85 can be compared against companies in the Retail - Cyclical industry. The industry median Days Inventory is 105.13. Moksh Ornaments' value of 40.85 is 61.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Retail - Cyclical company?
The median Days Inventory among Retail - Cyclical companies is 105.13, based on 1,088 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Moksh Ornaments's current Days Inventory of 40.85 is 61.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Moksh Ornaments and its competitors. For the Retail - Cyclical industry, the median Days Inventory is 105.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moksh Ornaments's current Days Inventory is 40.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moksh Ornaments stock overvalued right now?
Moksh Ornaments (NSE:MOKSH) has a current Days Inventory of 40.85. The current Days Inventory is 40.85 and 61.1% below the Retail - Cyclical industry median of 105.13. Moksh Ornaments' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Moksh Ornaments (NSE:MOKSH), the current Days Inventory is 40.85 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Moksh Ornaments Business Description

Address Kalbadevi Road, B-405/1, B-405/2, 4th floor, 99, Mulji Jetha Building, Glitz Mall, Champa Galli Cross Lane, Vitthalwadi, Kalbadevi, Mumbai, MH, IND, 400002
Moksh Ornaments Ltd is an India based company engaged in the manufacturing and wholesale of jewellery. The company sells gold jewellery and its product profile includes Bangles, Chain, and Mangalsutra. The jewelleries are manufactured on job work basis at Kolkata and Mumbai.
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