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Arihant Institute (BOM:541401) Days Inventory : 101.91 (As of Sep. 2023)


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What is Arihant Institute Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arihant Institute's Average Total Inventories for the six months ended in Sep. 2023 was ₹0.27 Mil. Arihant Institute's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹0.49 Mil. Hence, Arihant Institute's Days Inventory for the six months ended in Sep. 2023 was 101.91.

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

BOM:541401' s Days Inventory Range Over the Past 10 Years
Min: 11.45   Med: 45.21   Max: 7272.96
Current: 211.84

During the past 11 years, Arihant Institute's highest Days Inventory was 7272.96. The lowest was 11.45. And the median was 45.21.

BOM:541401's Days Inventory is not ranked
in the Education industry.
Industry Median: 8.13 vs BOM:541401: 211.84

Arihant Institute's Days Inventory declined from Sep. 2022 (1,275.13) to Sep. 2023 (101.91).

Inventory Turnover measures how fast the company turns over its inventory within a year. Arihant Institute's Inventory Turnover for the six months ended in Sep. 2023 was 1.79.

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. Arihant Institute's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.51.


Arihant Institute Days Inventory Historical Data

The historical data trend for Arihant Institute'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.

Arihant Institute Days Inventory Chart

Arihant Institute Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.26 99.46 795.02 7,272.96 851.95

Arihant Institute Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 3,636.48 1,275.13 670.76 101.91

Competitive Comparison of Arihant Institute's Days Inventory

For the Education & Training Services subindustry, Arihant Institute'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.


Arihant Institute's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Arihant Institute's Days Inventory distribution charts can be found below:

* The bar in red indicates where Arihant Institute's Days Inventory falls into.



Arihant Institute Days Inventory Calculation

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

Arihant Institute'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
=( (0.538 + 0.447) / 2 ) / 0.211*365
=0.4925 / 0.211*365
=851.95

Arihant Institute's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (0.447 + 0.098) / 2 ) / 0.488*365 / 2
=0.2725 / 0.488*365 / 2
=101.91

* 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.


Arihant Institute  (BOM:541401) 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.

Arihant Institute's Inventory Turnover for the six months ended in Sep. 2023 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.

Arihant Institute's Inventory to Revenue for the six months ended in Sep. 2023 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.


Arihant Institute Days Inventory Related Terms

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Arihant Institute (BOM:541401) Business Description

Traded in Other Exchanges
N/A
Address
201,202, Ratna High Street, Near Naranpura Crossroad, 2nd Floor, Naranpura, Ahmedabad, GJ, IND, 380 013
Arihant Institute Ltd is engaged in providing coaching and educational guidance for students appearing for professional courses such as Company Secretary, Chartered Accountant, and CMA, among others. It provides coaching and guidance from entry-level test exams till the final exam and covers all the subjects in depth with the test series. The company operates the educational program and coaching under the brand name Arihant Institute. It generates its revenue in the form of income from Education, E-learning, E-library, Online study materials, and others.

Arihant Institute (BOM:541401) Headlines

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