Vinyas Innovative Technologies (NSE:VINYAS) Days Inventory : 209.53 (As of Mar. 2023)

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What is Vinyas Innovative Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vinyas Innovative Technologies's Average Total Inventories for the six months ended in Mar. 2023 was ₹1,097 Mil. Vinyas Innovative Technologies's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,911 Mil. Hence, Vinyas Innovative Technologies's Days Inventory for the six months ended in Mar. 2023 was 104.77.

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

NSE:VINYAS' s Days Inventory Range Over the Past 10 Years
Min: 204.45 Med: 209.53 Max: 223.21
Current: 209.53

During the past 3 years, Vinyas Innovative Technologies's highest Days Inventory was 223.21. The lowest was 204.45. And the median was 209.53.

NSE:VINYAS's Days Inventory is ranked worse than
77.78% of 2894 companies
in the Industrial Products industry
Industry Median: 121.525 vs NSE:VINYAS: 209.53

Vinyas Innovative Technologies's Days Inventory increased from Mar. 2021 (204.45) to Mar. 2023 (209.53). It might indicate that Vinyas Innovative Technologies'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. Vinyas Innovative Technologies's Inventory Turnover for the six months ended in Mar. 2023 was 1.74.

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. Vinyas Innovative Technologies's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.47.

Vinyas Innovative Technologies Days Inventory Historical Data

The historical data trend for Vinyas Innovative 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.

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Vinyas Innovative Technologies Days Inventory Chart

Vinyas Innovative Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

204.45

223.21

209.53

Vinyas Innovative Technologies Semi-Annual Data
	Mar21	Mar22	Mar23
Days Inventory	204.45	223.21	209.53

Competitive Comparison of Vinyas Innovative Technologies's Days Inventory

For the Electrical Equipment & Parts subindustry, Vinyas Innovative 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.

Vinyas Innovative Technologies's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vinyas Innovative Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Vinyas Innovative Technologies's Days Inventory falls into.

Vinyas Innovative Technologies Days Inventory Calculation

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

Vinyas Innovative 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
=	( (1125.999	+	1067.991)	/	2 )	/	1910.957	*	365
=	1096.995					/	1910.957	*	365
=	209.53

Vinyas Innovative Technologies's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (1125.999	+	1067.991)	/	2 )	/	1910.957	*	365 / 2
=	1096.995					/	1910.957	*	365 / 2
=	104.77

Vinyas Innovative Technologies (NSE:VINYAS) 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.

Vinyas Innovative Technologies's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1910.957	/	1096.995
	=	1.74

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.

Vinyas Innovative Technologies's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1096.995	/	2345.24
	=	0.47

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.

Vinyas Innovative Technologies Days Inventory Related Terms

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

Vinyas Innovative Technologies (NSE:VINYAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinyas Innovative Technologies Ltd (NSE:VINYAS) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Plot No. 19, Survey No. 26 & 273-P, 3rd Phase, Koorgalli Industrial Area, Ilawala Hobali, Mysore, KA, IND, 570018

Website

https://www.vinyasit.com

Vinyas Innovative Technologies Ltd is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in the Electronic Industry. As an integrated electronic manufacturing services provider, the Company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.

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