Richa Info Systems (NSE:RICHASMN) Days Inventory : 60.90 (As of Mar. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Richa Info Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Richa Info Systems's Average Total Inventories for the six months ended in Mar. 2023 was ₹71.3 Mil. Richa Info Systems's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹213.6 Mil. Hence, Richa Info Systems's Days Inventory for the six months ended in Mar. 2023 was 60.90.

The historical rank and industry rank for Richa Info Systems's Days Inventory or its related term are showing as below:

NSE:RICHASMN' s Days Inventory Range Over the Past 10 Years
Min: 6.04 Med: 34.17 Max: 75.12
Current: 75.12

During the past 5 years, Richa Info Systems's highest Days Inventory was 75.12. The lowest was 6.04. And the median was 34.17.

NSE:RICHASMN's Days Inventory is ranked worse than
74.6% of 1563 companies
in the Software industry
Industry Median: 18.99 vs NSE:RICHASMN: 75.12

Richa Info Systems's Days Inventory increased from Mar. 2022 (31.11) to Mar. 2023 (60.90). It might indicate that Richa Info Systems'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. Richa Info Systems's Inventory Turnover for the six months ended in Mar. 2023 was 3.00.

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. Richa Info Systems's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.29.

Richa Info Systems Days Inventory Historical Data

The historical data trend for Richa Info Systems'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.

Richa Info Systems Days Inventory Chart

Richa Info Systems Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

6.04

15.73

34.17

36.19

66.87

Richa Info Systems Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Inventory	Get a 7-Day Free Trial			-	48.87	31.11	132.61	60.90

Competitive Comparison of Richa Info Systems's Days Inventory

For the Software - Application subindustry, Richa Info Systems'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.

Richa Info Systems's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Richa Info Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where Richa Info Systems's Days Inventory falls into.

Richa Info Systems Days Inventory Calculation

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

Richa Info Systems'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
=	( (34.663	+	70.507)	/	2 )	/	287.018	*	365
=	52.585					/	287.018	*	365
=	66.87

Richa Info Systems'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: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (72.05	+	70.507)	/	2 )	/	213.59	*	365 / 2
=	71.2785					/	213.59	*	365 / 2
=	60.90

Richa Info Systems (NSE:RICHASMN) 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.

Richa Info Systems's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	213.59	/	71.2785
	=	3.00

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.

Richa Info Systems's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	71.2785	/	246.445
	=	0.29

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.

Richa Info Systems Days Inventory Related Terms

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

Richa Info Systems (NSE:RICHASMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Richa Info Systems Ltd (NSE:RICHASMN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Opposite Copper Stone, Thaltej-Shilaj Road, Corporate House No. 17, Times Corporate Park, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.richainfosys.com

Richa Info Systems Ltd is engaged in the business of assembling innovative products and systems. It is an innovative company in the field of Education Technology, Collaborative Conferencing and Professional Displays, Security and Surveillance, and Interactive Flat Panels. The majority of revenue is derived from the Interactive Flat panel.

Richa Info Systems (NSE:RICHASMN) Headlines

No Headlines