Techera Engineering (India) (NSE:TECHERA) Days Inventory : 58.67 (As of Mar. 2024)

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What is Techera Engineering (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Techera Engineering (India)'s Average Total Inventories for the six months ended in Mar. 2024 was ₹28.3 Mil. Techera Engineering (India)'s Cost of Goods Sold for the six months ended in Mar. 2024 was ₹176.1 Mil. Hence, Techera Engineering (India)'s Days Inventory for the six months ended in Mar. 2024 was 29.33.

The historical rank and industry rank for Techera Engineering (India)'s Days Inventory or its related term are showing as below:

NSE:TECHERA' s Days Inventory Range Over the Past 10 Years
Min: 58.67 Med: 128.84 Max: 437.89
Current: 58.67

During the past 4 years, Techera Engineering (India)'s highest Days Inventory was 437.89. The lowest was 58.67. And the median was 128.84.

NSE:TECHERA's Days Inventory is ranked better than
81.97% of 294 companies
in the Aerospace & Defense industry
Industry Median: 140.945 vs NSE:TECHERA: 58.67

Techera Engineering (India)'s Days Inventory declined from Mar. 2022 (188.52) to Mar. 2024 (58.67).

Inventory Turnover measures how fast the company turns over its inventory within a year. Techera Engineering (India)'s Inventory Turnover for the six months ended in Mar. 2024 was 6.22.

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. Techera Engineering (India)'s Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.07.

Techera Engineering (India) Days Inventory Historical Data

The historical data trend for Techera Engineering (India)'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.

Techera Engineering (India) Days Inventory Chart

Techera Engineering (India) Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Inventory

437.89

188.52

69.15

58.67

Techera Engineering (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Days Inventory	437.89	188.52	69.15	58.67

Competitive Comparison of Techera Engineering (India)'s Days Inventory

For the Aerospace & Defense subindustry, Techera Engineering (India)'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.

Techera Engineering (India)'s Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Techera Engineering (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Techera Engineering (India)'s Days Inventory falls into.

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Techera Engineering (India) Days Inventory Calculation

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

Techera Engineering (India)'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
=	( (35.597	+	21.003)	/	2 )	/	176.062	*	365
=	28.3					/	176.062	*	365
=	58.67

Techera Engineering (India)'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
=	( (35.597	+	21.003)	/	2 )	/	176.062	*	365 / 2
=	28.3					/	176.062	*	365 / 2
=	29.33

Techera Engineering (India) (NSE:TECHERA) 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.

Techera Engineering (India)'s Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	176.062	/	28.3
	=	6.22

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.

Techera Engineering (India)'s Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.3	/	386.628
	=	0.07

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.

Techera Engineering (India) Days Inventory Related Terms

Thank you for viewing the detailed overview of Techera Engineering (India)'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Techera Engineering (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Techera Engineering (India) Ltd (NSE:TECHERA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Taluka Bho, Pune, MH, IND, 412205

Website

https://www.techera.co.in

Techera Engineering (India) Ltd is engages in the design, manufacture, and supply of precision tooling, components for the aerospace and defense industries, and automation system solutions. Its product portfolio includes assembly toolings, jigs, fixtures, maintenance, repair, and overhaul (MRO) toolings, ground support equipment, and precision machined components.

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