The historical rank and industry rank for De Neers Tools's Days Inventory or its related term are showing as below:
NSE:DENEERS's Days Inventory is not ranked *
in the Industrial Products industry.
Industry Median: 120.59 * Ranked among companies with meaningful Days Inventory only.
De Neers Tools's Days Inventory
increased
from Mar. 2020 (71.81) to Mar. 2022 (226.70).
It might indicate that De Neers Tools's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
De Neers Tools's Inventory Turnover for the
six
months ended in Mar. 2022 was 1.61.
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.
De Neers Tools's Inventory-to-Revenue for the
six
months ended in Mar. 2022 was 0.51.
De Neers Tools Days Inventory Historical Data
The historical data trend for De Neers Tools'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.
De Neers Tools Days Inventory Chart
De Neers Tools Annual Data
Trend
Mar20
Mar21
Mar22
Days Inventory
71.81
131.06
226.70
De Neers Tools Semi-Annual Data
Mar20
Mar21
Mar22
Days Inventory
71.81
131.06
226.70
Competitive Comparison of De Neers Tools's Days Inventory
For the Tools & Accessories subindustry, De Neers Tools'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.
De Neers Tools's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, De Neers Tools's Days Inventory distribution charts can be found below:
* The bar in red indicates where De Neers Tools's Days Inventory falls into.
De Neers Tools Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
De Neers Tools's Days Inventory for the fiscal year that ended in Mar. 2022 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.
De Neers Tools (NSE:DENEERS) 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.
De Neers Tools's Inventory Turnover for the
six
months ended in Mar. 2022 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.
De Neers Tools's Inventory to Revenue for the
six
months ended in Mar. 2022 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.
De Neers Tools Days Inventory Related Terms
Thank you for viewing the detailed overview of De Neers Tools's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
De Neers Tools Ltd is a hand tools suppliers in India. The company aims to provide hand tools of the utmost quality that are worth Its customers' money. It continuously works on innovation and research to develop products that can bring a kind of revolution in the hand tool industry. Its products includes Spanners, Wrenches, Pliers, Cutters, Allen keys, Hammers, sockets, Screw Drivers, Tool Kits, Tool Cabinets, Trolleys, etc. It is also specialized in providing Safety Tools like Non-Sparking Tools, Insulated Steel Tools, Non-Sparking Insulated Tools, Stainless Steel Anti-magnetic Tools, and Titanium Tools, with other range of hand tools. The company is predominantly engaged in wholesale trading of hardware & tools which constitutes a single business segment.
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