Days Inventory is also known as Days Sales of Inventory (DSI). Cummins India's Average Total Inventories for the
three
months ended in Mar. 2024 was ₹9,497 Mil. Cummins India's Cost of Goods Sold for the
three
months ended in Mar. 2024 was ₹14,828 Mil.
Hence, Cummins India's Days Inventory for the
three
months ended in Mar. 2024 was 58.44.
The historical rank and industry rank for Cummins India's Days Inventory or its related term are showing as below:
BOM:500480'
s Days Inventory Range Over the Past 10 Years
Min: 56.3 Med: 61.25 Max: 76.03
Current: 60.62
During the past 13 years, Cummins India's highest Days Inventory was 76.03. The lowest was 56.30. And the median was 61.25.
BOM:500480's Days Inventory is ranked better than 84.13% of 2898
companies
in the Industrial Products industry
Industry Median: 121.57
vs BOM:500480: 60.62
Cummins India's Days Inventory
declined
from Mar. 2023 (63.83) to Mar. 2024 (58.44).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Cummins India's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.56.
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.
Cummins India's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.42.
Cummins India Days Inventory Historical Data
The historical data trend for Cummins 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.
Competitive Comparison of Cummins India's Days Inventory
For the Specialty Industrial Machinery subindustry, Cummins 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.
Cummins India's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Cummins India's Days Inventory distribution charts can be found below:
* The bar in red indicates where Cummins India's Days Inventory falls into.
Cummins India Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cummins India's Days Inventory for the fiscal year that ended in Mar. 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.
Cummins India (BOM:500480) 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.
Cummins India's Inventory Turnover for the
three
months ended in Mar. 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.
Cummins India's Inventory to Revenue for the
three
months ended in Mar. 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.
Cummins India Days Inventory Related Terms
Thank you for viewing the detailed overview of Cummins India's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Cummins India Ltd is a group of businesses that design and manufacture service engines and related technologies. The company produces fuel systems, air handling, filtration, emission solutions, and electrical power generation systems in facilities across India. It has three business units: Engine Business, Power Systems Business, and Distribution Business. Its engines power a wide range of systems, including trucks, construction equipment, military components, railways, mining, and power generation applications. In addition, Cummins India provides aftermarket support and expertise to customers in different regions. The revenue is derived from India, but the company exports products to North America, Europe, and other Asian countries.
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