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Dixon Technologies (India) (BOM:540699) Days Inventory : 36.63 (As of Mar. 2024)


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What is Dixon Technologies (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Dixon Technologies (India)'s Average Total Inventories for the three months ended in Mar. 2024 was ₹16,950 Mil. Dixon Technologies (India)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ₹42,223 Mil. Hence, Dixon Technologies (India)'s Days Inventory for the three months ended in Mar. 2024 was 36.63.

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

BOM:540699' s Days Inventory Range Over the Past 10 Years
Min: 30.19   Med: 37.81   Max: 51.06
Current: 32.78

During the past 10 years, Dixon Technologies (India)'s highest Days Inventory was 51.06. The lowest was 30.19. And the median was 37.81.

BOM:540699's Days Inventory is ranked better than
91.91% of 2409 companies
in the Hardware industry
Industry Median: 102.05 vs BOM:540699: 32.78

Dixon Technologies (India)'s Days Inventory increased from Mar. 2023 (32.88) to Mar. 2024 (36.63). It might indicate that Dixon Technologies (India)'s sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Dixon Technologies (India)'s Inventory Turnover for the three months ended in Mar. 2024 was 2.49.

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. Dixon Technologies (India)'s Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.36.


Dixon Technologies (India) Days Inventory Historical Data

The historical data trend for Dixon Technologies (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.

Dixon Technologies (India) Days Inventory Chart

Dixon Technologies (India) Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.78 39.19 35.35 35.00 30.19

Dixon Technologies (India) Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 32.88 29.57 34.06 34.66 36.63

Competitive Comparison of Dixon Technologies (India)'s Days Inventory

For the Consumer Electronics subindustry, Dixon Technologies (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.


Dixon Technologies (India)'s Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Dixon Technologies (India)'s Days Inventory distribution charts can be found below:

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



Dixon Technologies (India) Days Inventory Calculation

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

Dixon Technologies (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
=( (9578.7 + 16950.1) / 2 ) / 160389.5*365
=13264.4 / 160389.5*365
=30.19

Dixon Technologies (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: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0 + 16950.1) / 1 ) / 42223.4*365 / 4
=16950.1 / 42223.4*365 / 4
=36.63

* 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.


Dixon Technologies (India)  (BOM:540699) 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.

Dixon Technologies (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.

Dixon Technologies (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.


Dixon Technologies (India) Days Inventory Related Terms

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


Dixon Technologies (India) (BOM:540699) Business Description

Traded in Other Exchanges
Address
B-14 and 15, Phase-II, District Gautam Buddha Nagar, Noida, UP, IND, 201 305
Dixon Technologies (India) Ltd is engaged in the manufacture of electronic products in India. Its products include Consumer electronics, Home appliances, Lighting products, Mobile phones, Security Systems, and Reverse Logistics. Majority of the company's revenue is contributed by Consumer electronics. The company engages in domestic sales of goods as well as exports its products outside India.

Dixon Technologies (India) (BOM:540699) Headlines

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