JIK Industries (BOM:511618) Days Inventory : 2,098.75 (As of Mar. 2024)

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What is JIK Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). JIK Industries's Average Total Inventories for the three months ended in Mar. 2024 was ₹0.07 Mil. JIK Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹0.00 Mil. Hence, JIK Industries's Days Inventory for the three months ended in Mar. 2024 was 2,098.75.

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

BOM:511618' s Days Inventory Range Over the Past 10 Years
Min: 32.69 Med: 470.41 Max: 2438.2
Current: 882.91

During the past 13 years, JIK Industries's highest Days Inventory was 2438.20. The lowest was 32.69. And the median was 470.41.

BOM:511618's Days Inventory is not ranked
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 104.38 vs BOM:511618: 882.91

JIK Industries's Days Inventory increased from Mar. 2023 (673.85) to Mar. 2024 (2,098.75). It might indicate that JIK Industries's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. JIK Industries's Inventory Turnover for the three months ended in Mar. 2024 was 0.04.

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. JIK Industries's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.06.

JIK Industries Days Inventory Historical Data

The historical data trend for JIK Industries'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.

JIK Industries Days Inventory Chart

JIK Industries Annual Data

Trend

Jun14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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584.21

224.83

824.40

944.24

1,115.28

JIK Industries 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															673.85	876.00	2,524.58	688.52	2,098.75

Competitive Comparison of JIK Industries's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, JIK Industries'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.

JIK Industries's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, JIK Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where JIK Industries's Days Inventory falls into.

JIK Industries Days Inventory Calculation

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

JIK Industries'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
=	( (0.096	+	0.069)	/	2 )	/	0.027	*	365
=	0.0825					/	0.027	*	365
=	1,115.28

JIK Industries'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	+	0.069)	/	1 )	/	0.0030000000000001	*	365 / 4
=	0.069					/	0.0030000000000001	*	365 / 4
=	2,098.75

JIK Industries (BOM:511618) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.0030000000000001	/	0.069
	=	0.04

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.069	/	1.084
	=	0.06

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.

JIK Industries Days Inventory Related Terms

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

JIK Industries (BOM:511618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » JIK Industries Ltd (BOM:511618) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Pada No. 3, Balkum Village, Thane (West), Thane, MH, IND, 400608

Website

https://www.jik.co.in

JIK Industries Ltd is engaged in General Trading and services. The services offered by the company are Logistics and ancillaries Services, and fully integrated and client-specific solutions in Inventory Management. The company offers systematic processes and scalability in Logistics and ancillary Services and Inventory Management Solutions across various fields like materials handling, packaging, supply, and distribution chain integration.

JIK Industries (BOM:511618) Headlines

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