Axtel Industries (BOM:523850) Days Inventory : 188.26 (As of Mar. 2024)

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What is Axtel Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Axtel Industries's Average Total Inventories for the three months ended in Mar. 2024 was ₹521 Mil. Axtel Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹253 Mil. Hence, Axtel Industries's Days Inventory for the three months ended in Mar. 2024 was 188.26.

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

BOM:523850' s Days Inventory Range Over the Past 10 Years
Min: 119.03 Med: 148.48 Max: 223.08
Current: 168.16

During the past 13 years, Axtel Industries's highest Days Inventory was 223.08. The lowest was 119.03. And the median was 148.48.

BOM:523850's Days Inventory is ranked worse than
67.98% of 2911 companies
in the Industrial Products industry
Industry Median: 120.53 vs BOM:523850: 168.16

Axtel Industries's Days Inventory increased from Mar. 2023 (108.67) to Mar. 2024 (188.26). It might indicate that Axtel Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Axtel Industries's Inventory Turnover for the three months ended in Mar. 2024 was 0.48.

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. Axtel Industries's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.00.

Axtel Industries Days Inventory Historical Data

The historical data trend for Axtel 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.

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Axtel Industries Days Inventory Chart

Axtel Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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199.65

119.03

141.26

155.70

164.89

Axtel 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															108.67	166.97	135.84	203.41	188.26

Competitive Comparison of Axtel Industries's Days Inventory

For the Specialty Industrial Machinery subindustry, Axtel 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.

Axtel Industries's Days Inventory Distribution in the Industrial Products Industry

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

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

Axtel Industries Days Inventory Calculation

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

Axtel 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
=	( (450.233	+	521.317)	/	2 )	/	1075.306	*	365
=	485.775					/	1075.306	*	365
=	164.89

Axtel 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	+	521.317)	/	1 )	/	252.685	*	365 / 4
=	521.317					/	252.685	*	365 / 4
=	188.26

Axtel Industries (BOM:523850) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	252.685	/	521.317
	=	0.48

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	521.317	/	521.584
	=	1.00

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.

Axtel Industries Days Inventory Related Terms

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

Axtel Industries (BOM:523850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Axtel Industries Ltd (BOM:523850) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vadodara-Halol Highway, P.O. Baska, Plot No. 43/1, Village Nurpura, District Panchmahals, Halol, GJ, IND, 389350

Website

https://www.axtelindia.com

Axtel Industries Ltd is engaged in engineering process equipment for the food industry. The company is involved in turnkey systems, product development, and customer service. The business of the company operates in one segment that is Manufacturing Food Processing Instruments. The company derives revenue from the sale of machinery i.e. manufactured goods and related services. The product line of the company consists of solids handling, storage and discharge, sieving and straining, cleaning and grading, size reduction, mixing and blending, and specialized process equipment.

Axtel Industries (BOM:523850) Headlines

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