Laxmi Goldorna House (NSE:LGHL) Days Inventory : 937.43 (As of Mar. 2023)

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What is Laxmi Goldorna House Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Laxmi Goldorna House's Average Total Inventories for the six months ended in Mar. 2023 was ₹1,204.1 Mil. Laxmi Goldorna House's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹468.8 Mil. Hence, Laxmi Goldorna House's Days Inventory for the six months ended in Mar. 2023 was 468.72.

The historical rank and industry rank for Laxmi Goldorna House's Days Inventory or its related term are showing as below:

NSE:LGHL' s Days Inventory Range Over the Past 10 Years
Min: 60.07 Med: 168.24 Max: 937.43
Current: 937.43

During the past 7 years, Laxmi Goldorna House's highest Days Inventory was 937.43. The lowest was 60.07. And the median was 168.24.

NSE:LGHL's Days Inventory is ranked worse than
97.2% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 110.635 vs NSE:LGHL: 937.43

Laxmi Goldorna House's Days Inventory increased from Mar. 2021 (230.48) to Mar. 2023 (937.43). It might indicate that Laxmi Goldorna House'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. Laxmi Goldorna House's Inventory Turnover for the six months ended in Mar. 2023 was 0.39.

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. Laxmi Goldorna House's Inventory-to-Revenue for the six months ended in Mar. 2023 was 1.98.

Laxmi Goldorna House Days Inventory Historical Data

The historical data trend for Laxmi Goldorna House'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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Laxmi Goldorna House Days Inventory Chart

Laxmi Goldorna House Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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160.79

168.24

230.48

584.15

937.43

Laxmi Goldorna House Semi-Annual Data
	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Days Inventory	Get a 7-Day Free Trial			160.79	168.24	230.48	584.15	937.43

Competitive Comparison of Laxmi Goldorna House's Days Inventory

For the Luxury Goods subindustry, Laxmi Goldorna House'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.

Laxmi Goldorna House's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Laxmi Goldorna House's Days Inventory distribution charts can be found below:

* The bar in red indicates where Laxmi Goldorna House's Days Inventory falls into.

Laxmi Goldorna House Days Inventory Calculation

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

Laxmi Goldorna House'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
=	( (1069.593	+	1338.592)	/	2 )	/	468.828	*	365
=	1204.0925					/	468.828	*	365
=	937.43

Laxmi Goldorna House's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (1069.593	+	1338.592)	/	2 )	/	468.828	*	365 / 2
=	1204.0925					/	468.828	*	365 / 2
=	468.72

Laxmi Goldorna House (NSE:LGHL) 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.

Laxmi Goldorna House's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	468.828	/	1204.0925
	=	0.39

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.

Laxmi Goldorna House's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1204.0925	/	608.758
	=	1.98

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.

Laxmi Goldorna House Days Inventory Related Terms

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

Laxmi Goldorna House (NSE:LGHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laxmi Goldorna House Ltd (NSE:LGHL) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

M. G. Haveli Road, Laxmi House, Opposite Bandharano Khancho, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://laxmilifestyle.co.in

Laxmi Goldorna House Ltd is engaged in manufacturing and trading business of branded gold jewellery and ornaments. Its collection of manufactured product includes gold jewellery with or without studded precious and semi-precious stones. It is also engaged in the real estate business that includes the construction of commercial and residential projects.