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AIA Engineering (AIA Engineering) Days Inventory : 218.24 (As of Mar. 2024)


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What is AIA Engineering Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AIA Engineering's Average Total Inventories for the three months ended in Mar. 2024 was $145.10 Mil. AIA Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was $60.67 Mil. Hence, AIA Engineering's Days Inventory for the three months ended in Mar. 2024 was 218.24.

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

AAGGY' s Days Inventory Range Over the Past 10 Years
Min: 147.04   Med: 211.26   Max: 244.22
Current: 208.18

During the past 13 years, AIA Engineering's highest Days Inventory was 244.22. The lowest was 147.04. And the median was 211.26.

AAGGY's Days Inventory is ranked worse than
77.53% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs AAGGY: 208.18

AIA Engineering's Days Inventory increased from Mar. 2023 (192.38) to Mar. 2024 (218.24). It might indicate that AIA Engineering's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AIA Engineering's Inventory Turnover for the three months ended in Mar. 2024 was 0.42.

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. AIA Engineering's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.07.


AIA Engineering Days Inventory Historical Data

The historical data trend for AIA Engineering'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.

AIA Engineering Days Inventory Chart

AIA Engineering 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 251.51 241.35 212.88 224.55 214.31

AIA Engineering 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 192.38 205.19 187.48 213.84 218.24

Competitive Comparison of AIA Engineering's Days Inventory

For the Specialty Industrial Machinery subindustry, AIA Engineering'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.


AIA Engineering's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where AIA Engineering's Days Inventory falls into.



AIA Engineering Days Inventory Calculation

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

AIA Engineering'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
=( (148.058 + 145.102) / 2 ) / 249.652*365
=146.58 / 249.652*365
=214.31

AIA Engineering'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 + 145.102) / 1 ) / 60.671*365 / 4
=145.102 / 60.671*365 / 4
=218.24

* 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.


AIA Engineering  (GREY:AAGGY) 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.

AIA Engineering'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.

AIA Engineering'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.


AIA Engineering Days Inventory Related Terms

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


AIA Engineering (AIA Engineering) Business Description

Traded in Other Exchanges
Address
Off. S. G. Highway, Sindhu Bhavan Road, 11-12, Sigma Corporates, Behind HOF Showroom, Bodakdev, Ahmedabad, GJ, IND, 380054
AIA Engineering Ltd is an India-based company that develops, manufactures, and distributes chromium consumable wear parts, including grinding media, shell liners, diaphragms, grinding tables, heat-resistant castings, cone crushers, and others. The company's products are applied in the crushing/grinding processes in the cement, mining, thermal power, and other sectors. AIA Engineering Ltd generates the majority of its sales from markets outside of India. Vega Industries, a wholly-owned subsidiary of this company, is responsible for distributing the company's products outside India.

AIA Engineering (AIA Engineering) Headlines

From GuruFocus

Q3 2024 AIA Engineering Ltd Earnings Call Transcript

By GuruFocus Research 02-10-2024