Veerkrupa Jewellers (BOM:543545) Days Inventory : 259.13 (As of Sep. 2023)

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What is Veerkrupa Jewellers Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Veerkrupa Jewellers's Average Total Inventories for the six months ended in Sep. 2023 was ₹127.4 Mil. Veerkrupa Jewellers's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹89.7 Mil. Hence, Veerkrupa Jewellers's Days Inventory for the six months ended in Sep. 2023 was 259.13.

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

BOM:543545' s Days Inventory Range Over the Past 10 Years
Min: 94.26 Med: 253.7 Max: 633.52
Current: 224.85

During the past 5 years, Veerkrupa Jewellers's highest Days Inventory was 633.52. The lowest was 94.26. And the median was 253.70.

BOM:543545's Days Inventory is ranked worse than
81.33% of 1071 companies
in the Retail - Cyclical industry
Industry Median: 110.51 vs BOM:543545: 224.85

Veerkrupa Jewellers's Days Inventory declined from Sep. 2022 (461.36) to Sep. 2023 (259.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. Veerkrupa Jewellers's Inventory Turnover for the six months ended in Sep. 2023 was 0.70.

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. Veerkrupa Jewellers's Inventory-to-Revenue for the six months ended in Sep. 2023 was 1.35.

Veerkrupa Jewellers Days Inventory Historical Data

The historical data trend for Veerkrupa Jewellers'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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Veerkrupa Jewellers Days Inventory Chart

Veerkrupa Jewellers Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

633.52

94.26

426.44

253.70

240.71

Veerkrupa Jewellers Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			161.94	-	461.36	204.58	259.13

Competitive Comparison of Veerkrupa Jewellers's Days Inventory

For the Luxury Goods subindustry, Veerkrupa Jewellers'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.

Veerkrupa Jewellers's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Veerkrupa Jewellers's Days Inventory distribution charts can be found below:

* The bar in red indicates where Veerkrupa Jewellers's Days Inventory falls into.

Veerkrupa Jewellers Days Inventory Calculation

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

Veerkrupa Jewellers'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
=	( (93.993	+	139.784)	/	2 )	/	177.247	*	365
=	116.8885					/	177.247	*	365
=	240.71

Veerkrupa Jewellers'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
=	( (139.784	+	114.949)	/	2 )	/	89.702	*	365 / 2
=	127.3665					/	89.702	*	365 / 2
=	259.13

Veerkrupa Jewellers (BOM:543545) 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.

Veerkrupa Jewellers's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	89.702	/	127.3665
	=	0.70

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.

Veerkrupa Jewellers's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	127.3665	/	94.656
	=	1.35

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.

Veerkrupa Jewellers Days Inventory Related Terms

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

Veerkrupa Jewellers (BOM:543545) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Veerkrupa Jewellers Ltd (BOM:543545) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Shop No. 7, Vrundavan Residency, Near Satyam School, Near Dharmnath Prabhu Society, Naroda, Ahmedabad, GJ, IND, 382 330

Website

https://www.veerkrupajewellers.com

Veerkrupa Jewellers Ltd is engaged in the jewellery business including the sale of silver, gold, studded and other jewellery products. The company's jewellery is made of gold, silver, studded and other jewellery products that includes diamond, platinum and other precious and semi-precious stones.

Veerkrupa Jewellers (BOM:543545) Headlines

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