Comrade Appliances (BOM:543921) Days Inventory : 295.03 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Comrade Appliances Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Comrade Appliances's Average Total Inventories for the six months ended in Mar. 2024 was ₹155.9 Mil. Comrade Appliances's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹96.4 Mil. Hence, Comrade Appliances's Days Inventory for the six months ended in Mar. 2024 was 295.03.

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

BOM:543921' s Days Inventory Range Over the Past 10 Years
Min: 138.75 Med: 202.44 Max: 500.97
Current: 500.97

During the past 5 years, Comrade Appliances's highest Days Inventory was 500.97. The lowest was 138.75. And the median was 202.44.

BOM:543921's Days Inventory is ranked worse than
95.78% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.35 vs BOM:543921: 500.97

Comrade Appliances's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (295.03). It might indicate that Comrade Appliances'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. Comrade Appliances's Inventory Turnover for the six months ended in Mar. 2024 was 0.62.

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. Comrade Appliances's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.82.

Comrade Appliances Days Inventory Historical Data

The historical data trend for Comrade Appliances'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.

Comrade Appliances Days Inventory Chart

Comrade Appliances Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

138.75

178.80

226.08

300.43

322.14

Comrade Appliances Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial			-	131.90	-	250.48	295.03

Competitive Comparison of Comrade Appliances's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Comrade Appliances'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.

Comrade Appliances's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Comrade Appliances's Days Inventory distribution charts can be found below:

* The bar in red indicates where Comrade Appliances's Days Inventory falls into.

Comrade Appliances Days Inventory Calculation

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

Comrade Appliances's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (159.091	+	191.008)	/	2 )	/	198.341	*	365
=	175.0495					/	198.341	*	365
=	322.14

Comrade Appliances's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (120.707	+	191.008)	/	2 )	/	96.412	*	365 / 2
=	155.8575					/	96.412	*	365 / 2
=	295.03

Comrade Appliances (BOM:543921) 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.

Comrade Appliances's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	96.412	/	155.8575
	=	0.62

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.

Comrade Appliances's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	155.8575	/	190.519
	=	0.82

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.

Comrade Appliances Days Inventory Related Terms

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

Comrade Appliances (BOM:543921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Comrade Appliances Ltd (BOM:543921) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

183-186, S.V. Road, Shop No. 39, Ground Level I, Dewan Centre, Jogeshwari West, Mumbai, MH, IND, 400102

Website

https://www.comrade.net.in

Comrade Appliances Ltd is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. The company manufactures consumer durable goods and assembles a wide array of products and provides end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. The Company operates in one Geographical Segment namely within India.

Comrade Appliances (BOM:543921) Headlines

No Headlines