Techknowgreen Solutions (BOM:543991) Days Inventory : 449.19 (As of Sep. 2023)

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What is Techknowgreen Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Techknowgreen Solutions's Average Total Inventories for the six months ended in Sep. 2023 was ₹35.14 Mil. Techknowgreen Solutions's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹14.28 Mil. Hence, Techknowgreen Solutions's Days Inventory for the six months ended in Sep. 2023 was 449.19.

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

BOM:543991' s Days Inventory Range Over the Past 10 Years
Min: 143.73 Med: 193.96 Max: 898.39
Current: 898.39

During the past 3 years, Techknowgreen Solutions's highest Days Inventory was 898.39. The lowest was 143.73. And the median was 193.96.

BOM:543991's Days Inventory is ranked worse than
97.94% of 681 companies
in the Business Services industry
Industry Median: 30.28 vs BOM:543991: 898.39

Techknowgreen Solutions's Days Inventory increased from Mar. 2022 (0.00) to Sep. 2023 (449.19). It might indicate that Techknowgreen Solutions'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. Techknowgreen Solutions's Inventory Turnover for the six months ended in Sep. 2023 was 0.41.

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. Techknowgreen Solutions's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.38.

Techknowgreen Solutions Days Inventory Historical Data

The historical data trend for Techknowgreen Solutions'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.

Techknowgreen Solutions Days Inventory Chart

Techknowgreen Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

193.96

143.73

583.83

Techknowgreen Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Days Inventory	-	-	-	449.19

Competitive Comparison of Techknowgreen Solutions's Days Inventory

For the Consulting Services subindustry, Techknowgreen Solutions'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.

Techknowgreen Solutions's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Techknowgreen Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Techknowgreen Solutions's Days Inventory falls into.

Techknowgreen Solutions Days Inventory Calculation

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

Techknowgreen Solutions'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
=	( (26.276	+	38.284)	/	2 )	/	20.181	*	365
=	32.28					/	20.181	*	365
=	583.83

Techknowgreen Solutions'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
=	( (38.284	+	31.992)	/	2 )	/	14.276	*	365 / 2
=	35.138					/	14.276	*	365 / 2
=	449.19

Techknowgreen Solutions (BOM:543991) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.276	/	35.138
	=	0.41

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	35.138	/	92.243
	=	0.38

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.

Techknowgreen Solutions Days Inventory Related Terms

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

Techknowgreen Solutions (BOM:543991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Techknowgreen Solutions Ltd (BOM:543991) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flat-202, Hem Opal Apartment, Plot No. 26, Ekta Park Society, Wakdewadi, Pune, MH, IND, 411003

Website

http://www.techknowgreen.com

Techknowgreen Solutions Ltd is an environmental consulting company. It is engaged in the business of 'providing consulting services in almost every realm of environment & infrastructure planning, solutions to every problem of environment & climate change, which are both environmentally as well as economically feasible. It is one of the first companies in India to provide environmental IT solutions through cutting-edge software applications and compliance solutions. The company has diverse experience in handling complex projects across various industries like infrastructure, chemical, automobile, healthcare, manufacturing, real estate and national/state governments. Its client base includes government, semi-government organizations, MNCs, large companies, mid-size companies and MSMEs.

Techknowgreen Solutions (BOM:543991) Headlines

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