Nirman Agri Genetics (NSE:NIRMAN) Days Inventory : 36.42 (As of Sep. 2023)

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

What is Nirman Agri Genetics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nirman Agri Genetics's Average Total Inventories for the three months ended in Sep. 2023 was ₹39.6 Mil. Nirman Agri Genetics's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹99.3 Mil. Hence, Nirman Agri Genetics's Days Inventory for the three months ended in Sep. 2023 was 36.42.

The historical rank and industry rank for Nirman Agri Genetics's Days Inventory or its related term are showing as below:

NSE:NIRMAN' s Days Inventory Range Over the Past 10 Years
Min: 23.01 Med: 33.89 Max: 85.9
Current: 85.9

During the past 4 years, Nirman Agri Genetics's highest Days Inventory was 85.90. The lowest was 23.01. And the median was 33.89.

NSE:NIRMAN's Days Inventory is ranked better than
62.88% of 229 companies
in the Agriculture industry
Industry Median: 110.04 vs NSE:NIRMAN: 85.90

Nirman Agri Genetics's Days Inventory increased from Jun. 2022 (0.00) to Sep. 2023 (36.42). It might indicate that Nirman Agri Genetics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nirman Agri Genetics's Inventory Turnover for the three months ended in Sep. 2023 was 2.51.

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. Nirman Agri Genetics's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.31.

Nirman Agri Genetics Days Inventory Historical Data

The historical data trend for Nirman Agri Genetics'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.

Nirman Agri Genetics Days Inventory Chart

Nirman Agri Genetics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

65.72

24.69

23.01

43.08

Nirman Agri Genetics Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial			-	-	-	50.61	36.42

Competitive Comparison of Nirman Agri Genetics's Days Inventory

For the Agricultural Inputs subindustry, Nirman Agri Genetics'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.

Nirman Agri Genetics's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Nirman Agri Genetics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nirman Agri Genetics's Days Inventory falls into.

Nirman Agri Genetics Days Inventory Calculation

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

Nirman Agri Genetics'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
=	( (6.446	+	46.931)	/	2 )	/	226.115	*	365
=	26.6885					/	226.115	*	365
=	43.08

Nirman Agri Genetics'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	39.632)	/	1 )	/	99.287	*	365 / 4
=	39.632					/	99.287	*	365 / 4
=	36.42

Nirman Agri Genetics (NSE:NIRMAN) 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.

Nirman Agri Genetics's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	99.287	/	39.632
	=	2.51

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.

Nirman Agri Genetics's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	39.632	/	129.472
	=	0.31

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.

Nirman Agri Genetics Days Inventory Related Terms

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

Nirman Agri Genetics (NSE:NIRMAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nirman Agri Genetics Ltd (NSE:NIRMAN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dindori Road, Vedant Apartment, Near Reliance Shopee, Panchavati, Nashik, MH, IND, 422 003

Website

https://www.nirmanagrigen.com

Nirman Agri Genetics Ltd is an organized Agri-Input company in India. It is in the business of production, processing, and marketing of high-quality hybrid seeds, pesticides, and bio-organic. These processes are used for different crops like corn, sunflower, cotton, paddy, grain sorghum, and others.

Nirman Agri Genetics (NSE:NIRMAN) Headlines

No Headlines