Eureka Forbes (BOM:543482) Days Inventory : 102.28 (As of Mar. 2024)

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What is Eureka Forbes Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eureka Forbes's Average Total Inventories for the three months ended in Mar. 2024 was ₹2,527 Mil. Eureka Forbes's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,255 Mil. Hence, Eureka Forbes's Days Inventory for the three months ended in Mar. 2024 was 102.28.

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

BOM:543482' s Days Inventory Range Over the Past 10 Years
Min: 33.1 Med: 104.44 Max: 330.3
Current: 100.05

During the past 6 years, Eureka Forbes's highest Days Inventory was 330.30. The lowest was 33.10. And the median was 104.44.

BOM:543482's Days Inventory is ranked better than
51.22% of 2409 companies
in the Hardware industry
Industry Median: 101.78 vs BOM:543482: 100.05

Eureka Forbes's Days Inventory increased from Mar. 2023 (100.22) to Mar. 2024 (102.28). It might indicate that Eureka Forbes's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eureka Forbes's Inventory Turnover for the three months ended in Mar. 2024 was 0.89.

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. Eureka Forbes's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.46.

Eureka Forbes Days Inventory Historical Data

The historical data trend for Eureka Forbes'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.

Eureka Forbes Days Inventory Chart

Eureka Forbes Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

Get a 7-Day Free Trial

72.32

134.77

330.30

111.78

97.10

Eureka Forbes Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial										100.22	103.71	94.33	106.97	102.28

Competitive Comparison of Eureka Forbes's Days Inventory

For the Consumer Electronics subindustry, Eureka Forbes'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.

Eureka Forbes's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Eureka Forbes's Days Inventory distribution charts can be found below:

* The bar in red indicates where Eureka Forbes's Days Inventory falls into.

Eureka Forbes Days Inventory Calculation

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

Eureka Forbes'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
=	( (2200.311	+	2527.07)	/	2 )	/	8885.593	*	365
=	2363.6905					/	8885.593	*	365
=	97.10

Eureka Forbes'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	+	2527.07)	/	1 )	/	2254.544	*	365 / 4
=	2527.07					/	2254.544	*	365 / 4
=	102.28

Eureka Forbes (BOM:543482) 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.

Eureka Forbes's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2254.544	/	2527.07
	=	0.89

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.

Eureka Forbes's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2527.07	/	5535.608
	=	0.46

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.

Eureka Forbes Days Inventory Related Terms

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

Eureka Forbes (BOM:543482) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eureka Forbes Ltd (BOM:543482) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Marathon Innova, B1/B2, 701, 7th Floor, Off Ganpatrao Kadam Marg, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.eurekaforbes.com

Eureka Forbes Ltd is a manufacturer of home appliances. the company has 4 business segments; Water; It offers electric, nonelectric and on-the-go water purifiers. Cleaning; vacuum cleaners, and cleaning solutions. Air; air purifiers and Services; offering after-sales services.

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