Jet Airways (India) (BOM:532617) Days Inventory : 835.80 (As of Jun. 2023)

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What is Jet Airways (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jet Airways (India)'s Average Total Inventories for the three months ended in Jun. 2023 was ₹3,705.9 Mil. Jet Airways (India)'s Cost of Goods Sold for the three months ended in Jun. 2023 was ₹404.6 Mil. Hence, Jet Airways (India)'s Days Inventory for the three months ended in Jun. 2023 was 835.80.

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

BOM:532617' s Days Inventory Range Over the Past 10 Years
Min: 7.8 Med: 18.12 Max: 789.57
Current: 789.57

During the past 13 years, Jet Airways (India)'s highest Days Inventory was 789.57. The lowest was 7.80. And the median was 18.12.

BOM:532617's Days Inventory is ranked worse than
99.74% of 780 companies
in the Transportation industry
Industry Median: 11.4 vs BOM:532617: 789.57

Jet Airways (India)'s Days Inventory increased from Jun. 2022 (702.39) to Jun. 2023 (835.80). It might indicate that Jet Airways (India)'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. Jet Airways (India)'s Inventory Turnover for the three months ended in Jun. 2023 was 0.11.

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. Jet Airways (India)'s Inventory-to-Revenue for the three months ended in Jun. 2023 was 9.86.

Jet Airways (India) Days Inventory Historical Data

The historical data trend for Jet Airways (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.

Jet Airways (India) Days Inventory Chart

Jet Airways (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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7.80

141.85

589.54

693.54

752.72

Jet Airways (India) Quarterly Data
	Mar17	Mar18	Sep18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial															702.39	741.27	802.22	780.44	835.80

Competitive Comparison of Jet Airways (India)'s Days Inventory

For the Airlines subindustry, Jet Airways (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.

Jet Airways (India)'s Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jet Airways (India)'s Days Inventory distribution charts can be found below:

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

Jet Airways (India) Days Inventory Calculation

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

Jet Airways (India)'s Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (3741.7	+	3705.9)	/	2 )	/	1805.7	*	365
=	3723.8					/	1805.7	*	365
=	752.72

Jet Airways (India)'s Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (3705.9	+	0)	/	1 )	/	404.6	*	365 / 4
=	3705.9					/	404.6	*	365 / 4
=	835.80

Jet Airways (India) (BOM:532617) 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.

Jet Airways (India)'s Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	404.6	/	3705.9
	=	0.11

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.

Jet Airways (India)'s Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3705.9	/	375.7
	=	9.86

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.

Jet Airways (India) Days Inventory Related Terms

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

Jet Airways (India) (BOM:532617) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jet Airways (India) Ltd (BOM:532617) » Definitions » Days Inventory

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JETAIRWAYS:India

Address

252, LBS Marg, Global One, 3rd Floor, Kurla (West), Mumbai, MH, IND, 400070

Website

https://www.jetairways.com

Jet Airways (India) Ltd is an international airline operating out of India. The company principal activities include carriage of passengers and cargo in Domestic and International sectors. Passenger tickets may be purchased on its website and through mobile applications. It has arrangements with multiple international airlines to expand global destinations and increase access for customers. Additionally, multiple partnerships with hotels, dining and others allow customers to make accommodations for an entire trip. Geographically, it derives a majority of revenue from India.

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