Bikaji Foods International (BOM:543653) Days Inventory : 26.26 (As of Dec. 2023)

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What is Bikaji Foods International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bikaji Foods International's Average Total Inventories for the three months ended in Dec. 2023 was ₹1,230 Mil. Bikaji Foods International's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹4,274 Mil. Hence, Bikaji Foods International's Days Inventory for the three months ended in Dec. 2023 was 26.26.

The historical rank and industry rank for Bikaji Foods International's Days Inventory or its related term are showing as below:

BOM:543653' s Days Inventory Range Over the Past 10 Years
Min: 17.58 Med: 18.72 Max: 24.69
Current: 24.69

During the past 4 years, Bikaji Foods International's highest Days Inventory was 24.69. The lowest was 17.58. And the median was 18.72.

BOM:543653's Days Inventory is ranked better than
92.56% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs BOM:543653: 24.69

Bikaji Foods International's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (26.26). It might indicate that Bikaji Foods International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bikaji Foods International's Inventory Turnover for the three months ended in Dec. 2023 was 3.48.

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. Bikaji Foods International's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.20.

Bikaji Foods International Days Inventory Historical Data

The historical data trend for Bikaji Foods International'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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Bikaji Foods International Days Inventory Chart

Bikaji Foods International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

17.58

17.94

19.97

19.50

Bikaji Foods International Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial							-	21.77	22.09	27.48	26.26

Competitive Comparison of Bikaji Foods International's Days Inventory

For the Packaged Foods subindustry, Bikaji Foods International'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.

Bikaji Foods International's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bikaji Foods International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Bikaji Foods International's Days Inventory falls into.

Bikaji Foods International Days Inventory Calculation

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

Bikaji Foods International'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
=	( (728.915	+	784.195)	/	2 )	/	14161.641	*	365
=	756.555					/	14161.641	*	365
=	19.50

Bikaji Foods International's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1229.834	+	0)	/	1 )	/	4274.207	*	365 / 4
=	1229.834					/	4274.207	*	365 / 4
=	26.26

Bikaji Foods International (BOM:543653) 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.

Bikaji Foods International's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4274.207	/	1229.834
	=	3.48

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.

Bikaji Foods International's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1229.834	/	6238.97
	=	0.20

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.

Bikaji Foods International Days Inventory Related Terms

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

Bikaji Foods International (BOM:543653) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bikaji Foods International Ltd (BOM:543653) » Definitions » Days Inventory

Traded in Other Exchanges

BIKAJI:India

Address

Karni Extension, RIICO Industrial Area, Plot No. E-558-561, C -569-572, E - 573-577, F-585-592, Bikaner, RJ, IND, 334 004

Website

https://www.bikaji.com

Bikaji Foods International Ltd is a fast-moving consumer goods (FMCG) brand with an international footprint, selling Indian snacks and sweets. Its product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily includes gift packs (assortment), frozen food, mathri range and cookies. The company has exported its products to international countries, including countries in North America, Europe, Middle East, Africa, and Asia Pacific.

Bikaji Foods International (BOM:543653) Headlines

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