Acme Resources (BOM:539391) Days Inventory : 756.24 (As of Dec. 2023)

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What is Acme Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Acme Resources's Average Total Inventories for the three months ended in Dec. 2023 was ₹76.1 Mil. Acme Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹9.2 Mil. Hence, Acme Resources's Days Inventory for the three months ended in Dec. 2023 was 756.24.

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

BOM:539391' s Days Inventory Range Over the Past 10 Years
Min: 406.14 Med: 1256.5 Max: 6515.1
Current: 437.22

During the past 9 years, Acme Resources's highest Days Inventory was 6515.10. The lowest was 406.14. And the median was 1256.50.

BOM:539391's Days Inventory is ranked worse than
83.17% of 101 companies
in the Credit Services industry
Industry Median: 45.6 vs BOM:539391: 437.22

Acme Resources's Days Inventory increased from Dec. 2022 (570.00) to Dec. 2023 (756.24). It might indicate that Acme Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Acme Resources's Inventory Turnover for the three months ended in Dec. 2023 was 0.12.

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. Acme Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.95.

Acme Resources Days Inventory Historical Data

The historical data trend for Acme Resources'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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Acme Resources Days Inventory Chart

Acme Resources Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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1,177.17

1,335.83

4,314.79

3,021.64

406.14

Acme Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															570.00	85.01	6,857.73	4,359.31	756.24

Competitive Comparison of Acme Resources's Days Inventory

For the Credit Services subindustry, Acme Resources'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.

Acme Resources's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Acme Resources's Days Inventory distribution charts can be found below:

* The bar in red indicates where Acme Resources's Days Inventory falls into.

Acme Resources Days Inventory Calculation

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

Acme Resources'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
=	( (189.647	+	76.055)	/	2 )	/	119.393	*	365
=	132.851					/	119.393	*	365
=	406.14

Acme Resources'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
=	( (76.055	+	0)	/	1 )	/	9.177	*	365 / 4
=	76.055					/	9.177	*	365 / 4
=	756.24

Acme Resources (BOM:539391) 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.

Acme Resources's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.177	/	76.055
	=	0.12

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.

Acme Resources's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	76.055	/	38.985
	=	1.95

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.

Acme Resources Days Inventory Related Terms

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

Acme Resources (BOM:539391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Acme Resources Ltd (BOM:539391) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

984, 9th Floor, Aggarwal Cyber Plaza-II, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034

Website

https://www.acmeresources.in

Acme Resources Ltd is an Indian non-banking financial company (NBFC) that is mainly engaged in granting loans and advances, trading in shares, and sale of properties and securities. The company's operating segments are the NBFC business segment which includes the financing activities and the Property Trading segment. It generates most of its revenue from non-banking financial activities.

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