Shigan Quantum Technologies (NSE:SHIGAN) Days Inventory : 181.80 (As of Sep. 2023)

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What is Shigan Quantum Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shigan Quantum Technologies's Average Total Inventories for the six months ended in Sep. 2023 was ₹520 Mil. Shigan Quantum Technologies's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹522 Mil. Hence, Shigan Quantum Technologies's Days Inventory for the six months ended in Sep. 2023 was 181.80.

The historical rank and industry rank for Shigan Quantum Technologies's Days Inventory or its related term are showing as below:

NSE:SHIGAN' s Days Inventory Range Over the Past 10 Years
Min: 57.84 Med: 88.15 Max: 198.76
Current: 198.76

During the past 5 years, Shigan Quantum Technologies's highest Days Inventory was 198.76. The lowest was 57.84. And the median was 88.15.

NSE:SHIGAN's Days Inventory is ranked worse than
90.39% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 81.74 vs NSE:SHIGAN: 198.76

Shigan Quantum Technologies's Days Inventory increased from Sep. 2022 (100.75) to Sep. 2023 (181.80). It might indicate that Shigan Quantum Technologies'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. Shigan Quantum Technologies's Inventory Turnover for the six months ended in Sep. 2023 was 1.00.

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. Shigan Quantum Technologies's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.79.

Shigan Quantum Technologies Days Inventory Historical Data

The historical data trend for Shigan Quantum Technologies'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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Shigan Quantum Technologies Days Inventory Chart

Shigan Quantum Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

92.19

84.11

57.84

147.41

Shigan Quantum Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			-	-	100.75	226.76	181.80

Competitive Comparison of Shigan Quantum Technologies's Days Inventory

For the Auto Parts subindustry, Shigan Quantum Technologies'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.

Shigan Quantum Technologies's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shigan Quantum Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shigan Quantum Technologies's Days Inventory falls into.

Shigan Quantum Technologies Days Inventory Calculation

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

Shigan Quantum Technologies'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
=	( (0	+	556.829)	/	1 )	/	1378.735	*	365
=	556.829					/	1378.735	*	365
=	147.41

Shigan Quantum Technologies'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (556.829	+	484)	/	2 )	/	522.431	*	365 / 2
=	520.4145					/	522.431	*	365 / 2
=	181.80

Shigan Quantum Technologies (NSE:SHIGAN) 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.

Shigan Quantum Technologies's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	522.431	/	520.4145
	=	1.00

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.

Shigan Quantum Technologies's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	520.4145	/	658.89
	=	0.79

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.

Shigan Quantum Technologies Days Inventory Related Terms

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

Shigan Quantum Technologies (NSE:SHIGAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shigan Quantum Technologies Ltd (NSE:SHIGAN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alier Bhangrola Road, Shyam Udyog Parisar, IMT Manesa, Gurugram, HR, IND, 122052

Website

https://www.shigan-quantum.com

Shigan Quantum Technologies Ltd is engaged in the business of designing, developing, and manufacturing a variety of Alternate Fuel Systems Components including Compressed Natural Gas, Liquefied natural gas, Hydrogen Fuel Kit systems for original equipment manufacturer suppliers to auto industries The company manufactures Alternate Fuel Systems for heavy duty vehicles, light duty vehicles, and off- highway applications.

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