Days Inventory is also known as Days Sales of Inventory (DSI). Avro India's Average Total Inventories for the
three
months ended in Mar. 2024 was ₹68.6 Mil. Avro India's Cost of Goods Sold for the
three
months ended in Mar. 2024 was ₹169.0 Mil.
Hence, Avro India's Days Inventory for the
three
months ended in Mar. 2024 was 37.03.
The historical rank and industry rank for Avro India's Days Inventory or its related term are showing as below:
NSE:AVROIND'
s Days Inventory Range Over the Past 10 Years
Min: 12.37 Med: 29.96 Max: 65.35
Current: 36.87
During the past 12 years, Avro India's highest Days Inventory was 65.35. The lowest was 12.37. And the median was 29.96.
NSE:AVROIND's Days Inventory is ranked better than 91.81% of 403
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.38
vs NSE:AVROIND: 36.87
Avro India's Days Inventory
declined
from Mar. 2023 (44.43) to Mar. 2024 (37.03).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Avro India's Inventory Turnover for the
three
months ended in Mar. 2024 was 2.46.
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.
Avro India's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.30.
Avro India Days Inventory Historical Data
The historical data trend for Avro India'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.
Competitive Comparison of Avro India's Days Inventory
For the Furnishings, Fixtures & Appliances subindustry, Avro India'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.
Avro India's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Avro India's Days Inventory distribution charts can be found below:
* The bar in red indicates where Avro India's Days Inventory falls into.
Avro India Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Avro India's Days Inventory for the fiscal year that ended in Mar. 2024 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.
Avro India (NSE:AVROIND) 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.
Avro India's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Avro India's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Avro India Days Inventory Related Terms
Thank you for viewing the detailed overview of Avro India's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Avro India Ltd is engaged in manufacturing and selling plastic molded furniture and granules. The firm produces are manufactures products under the brand name Avon and Avro Furniture. The product portfolio of the company includes molded chairs, molded stools, molded tables, and molded bay chairs and baby desks. The products are sold in U.P., Punjab, Haryana, Delhi, Rajasthan and across north India. Avro produces products used in Auditoriums, Schools, Colleges, Restaurants, Hotels, Homes, Gardens and others.
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