Race Eco Chain (BOM:537785) Days Inventory : 0.85 (As of Mar. 2023)

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What is Race Eco Chain Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Race Eco Chain's Average Total Inventories for the six months ended in Mar. 2023 was ₹8 Mil. Race Eco Chain's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,733 Mil. Hence, Race Eco Chain's Days Inventory for the six months ended in Mar. 2023 was 0.85.

The historical rank and industry rank for Race Eco Chain's Days Inventory or its related term are showing as below:

BOM:537785' s Days Inventory Range Over the Past 10 Years
Min: 0.63 Med: 40.59 Max: 130.01
Current: 0.88

During the past 11 years, Race Eco Chain's highest Days Inventory was 130.01. The lowest was 0.63. And the median was 40.59.

BOM:537785's Days Inventory is ranked better than
95.24% of 210 companies
in the Waste Management industry
Industry Median: 22.785 vs BOM:537785: 0.88

Race Eco Chain's Days Inventory declined from Mar. 2022 (1.03) to Mar. 2023 (0.85).

Inventory Turnover measures how fast the company turns over its inventory within a year. Race Eco Chain's Inventory Turnover for the six months ended in Mar. 2023 was 215.08.

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. Race Eco Chain's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.00.

Race Eco Chain Days Inventory Historical Data

The historical data trend for Race Eco Chain'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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Race Eco Chain Days Inventory Chart

Race Eco Chain Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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64.94

130.01

27.06

5.62

0.63

Race Eco Chain Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															7.36	1.03	1.32	0.85	-

Competitive Comparison of Race Eco Chain's Days Inventory

For the Waste Management subindustry, Race Eco Chain'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.

Race Eco Chain's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Race Eco Chain's Days Inventory distribution charts can be found below:

* The bar in red indicates where Race Eco Chain's Days Inventory falls into.

Race Eco Chain Days Inventory Calculation

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

Race Eco Chain'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
=	( (2.937	+	6.153)	/	2 )	/	2626.754	*	365
=	4.545					/	2626.754	*	365
=	0.63

Race Eco Chain's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (9.957	+	6.153)	/	2 )	/	1732.501	*	365 / 2
=	8.055					/	1732.501	*	365 / 2
=	0.85

Race Eco Chain (BOM:537785) 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.

Race Eco Chain's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1732.501	/	8.055
	=	215.08

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.

Race Eco Chain's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.055	/	1771.286
	=	0.00

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.

Race Eco Chain Days Inventory Related Terms

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

Race Eco Chain (BOM:537785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Race Eco Chain Ltd (BOM:537785) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

RACE:India

Address

Sahibabad Industrial Area, 56/33, Site-IV, Ghaziabad, UP, IND, 201010

Website

https://www.raceecochain.com

Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers who eventually convert the waste into useful products. It is also involved in the manufacturing of recycled products. The company's business segments are Biomass Fuel; Plastic Waste; and Recycled Products. It generates the majority of its revenue from the Plastic Waste segment.

Race Eco Chain (BOM:537785) Headlines

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