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Roadzen (Roadzen) Days Inventory : 1.08 (As of Dec. 2023)


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What is Roadzen Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Roadzen's Average Total Inventories for the three months ended in Dec. 2023 was $0.08 Mil. Roadzen's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.82 Mil. Hence, Roadzen's Days Inventory for the three months ended in Dec. 2023 was 1.08.

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

RDZN' s Days Inventory Range Over the Past 10 Years
Min: 1.93   Med: 4.03   Max: 4.18
Current: 1.93

During the past 3 years, Roadzen's highest Days Inventory was 4.18. The lowest was 1.93. And the median was 4.03.

RDZN's Days Inventory is ranked better than
81.84% of 1564 companies
in the Software industry
Industry Median: 19.725 vs RDZN: 1.93

Roadzen's Days Inventory declined from Sep. 2022 (3.71) to Dec. 2023 (1.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. Roadzen's Inventory Turnover for the three months ended in Dec. 2023 was 84.15.

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. Roadzen's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.


Roadzen Days Inventory Historical Data

The historical data trend for Roadzen'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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Roadzen Days Inventory Chart

Roadzen Annual Data
Trend Mar21 Mar22 Mar23
Days Inventory
- 4.18 3.88

Roadzen Quarterly Data
Mar21 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial 3.71 4.70 6.24 1.38 1.08

Competitive Comparison of Roadzen's Days Inventory

For the Software - Application subindustry, Roadzen'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.


Roadzen's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where Roadzen's Days Inventory falls into.



Roadzen Days Inventory Calculation

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

Roadzen'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
=( (0.055 + 0.06) / 2 ) / 5.413*365
=0.0575 / 5.413*365
=3.88

Roadzen's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.133 + 0.029) / 2 ) / 6.816*365 / 4
=0.081 / 6.816*365 / 4
=1.08

* 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.


Roadzen  (NAS:RDZN) 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.

Roadzen's Inventory Turnover for the three months ended in Dec. 2023 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.

Roadzen's Inventory to Revenue for the three months ended in Dec. 2023 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.


Roadzen Days Inventory Related Terms

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


Roadzen (Roadzen) Business Description

Traded in Other Exchanges
N/A
Address
c/o Cogency Global Inc, 850 New Burton Road, Suite 201, Dover, DE, USA, 19904
Roadzen Inc is an insurance technology company on a mission to transform global auto insurance powered by advanced AI. Its clients comprise major insurers, fleets, and carmakers to small fleets, brokers, and insurance agents that use Roadzen's technology to build new products, sell insurance, process claims, and improve road safety. Roadzen's work in telematics and computer vision has earned recognition as an AI innovator by publications such as Forbes, Fortune, and Financial Express.

Roadzen (Roadzen) Headlines