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Silver Touch Technologies (NSE:SILVERTUC) Days Inventory : 2.45 (As of Dec. 2023)


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What is Silver Touch Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Silver Touch Technologies's Average Total Inventories for the three months ended in Dec. 2023 was ₹8 Mil. Silver Touch Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹304 Mil. Hence, Silver Touch Technologies's Days Inventory for the three months ended in Dec. 2023 was 2.45.

The historical rank and industry rank for Silver Touch Technologies's Days Inventory or its related term are showing as below:

NSE:SILVERTUC' s Days Inventory Range Over the Past 10 Years
Min: 2.45   Med: 5.02   Max: 17.18
Current: 3.04

During the past 11 years, Silver Touch Technologies's highest Days Inventory was 17.18. The lowest was 2.45. And the median was 5.02.

NSE:SILVERTUC's Days Inventory is ranked better than
76.99% of 1560 companies
in the Software industry
Industry Median: 19.44 vs NSE:SILVERTUC: 3.04

Silver Touch Technologies's Days Inventory declined from Dec. 2022 (2.48) to Dec. 2023 (2.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. Silver Touch Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 37.21.

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. Silver Touch Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.


Silver Touch Technologies Days Inventory Historical Data

The historical data trend for Silver Touch Technologies'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.

Silver Touch Technologies Days Inventory Chart

Silver Touch Technologies Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.16 2.45 2.73 3.35 2.52

Silver Touch Technologies Quarterly Data
Mar17 Jun17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.48 - 1.96 2.16 2.45

Competitive Comparison of Silver Touch Technologies's Days Inventory

For the Information Technology Services subindustry, Silver Touch Technologies'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.


Silver Touch Technologies's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Silver Touch Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Silver Touch Technologies's Days Inventory falls into.



Silver Touch Technologies Days Inventory Calculation

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

Silver Touch Technologies'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
=( (6.802 + 6.204) / 2 ) / 942.88*365
=6.503 / 942.88*365
=2.52

Silver Touch Technologies's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (8.16 + 0) / 1 ) / 303.668*365 / 4
=8.16 / 303.668*365 / 4
=2.45

* 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.


Silver Touch Technologies  (NSE:SILVERTUC) 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.

Silver Touch Technologies's Inventory Turnover for the three months ended in Dec. 2023 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.

Silver Touch Technologies's Inventory to Revenue for the three months ended in Dec. 2023 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.


Silver Touch Technologies Days Inventory Related Terms

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


Silver Touch Technologies (NSE:SILVERTUC) Business Description

Traded in Other Exchanges
Address
2nd Floor, Saffron Tower, Near Panchwati Circle, Ambawadi, Ahmedabad, GJ, IND, 380006
Silver Touch Technologies Ltd provides information technology (IT) solutions in India and internationally. The company provides solutions including Software Development, Offshoring, IT Infrastructure, Web Modernization, Workforce portability, and Mobile App development. The company also provides consulting services which include Information security, Content management, Product development, and Cloud computing. It caters its services to India and the international market and generates revenue from the same.

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