Drone Destination (NSE:DRONE) Change In Inventory : ₹0.2 Mil (TTM As of Mar. 2023)

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What is Drone Destination Change In Inventory?

Drone Destination's change in inventory for the quarter that ended in Mar. 2023 was ₹0.2 Mil. It means Drone Destination's inventory declined by ₹0.2 Mil from Mar. 2022 to Mar. 2023 .

Drone Destination's change in inventory for the fiscal year that ended in Mar. 2023 was ₹0.2 Mil. It means Drone Destination's inventory declined by ₹0.2 Mil from Mar. 2022 to Mar. 2023 .

Drone Destination's Total Inventories for the quarter that ended in Mar. 2023 was ₹2.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Drone Destination's Days Inventory for the quarter that ended in Mar. 2023 was 26.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Drone Destination's Inventory Turnover for the quarter that ended in Mar. 2023 was 6.84.

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. Drone Destination's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.02.

Drone Destination Change In Inventory Historical Data

The historical data trend for Drone Destination's Change In 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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Drone Destination Change In Inventory Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

Change In Inventory

-1.68

-0.79

0.19

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
Change In Inventory	-1.68	-0.79	0.19

Drone Destination Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2023 was ₹0.2 Mil.

Drone Destination (NSE:DRONE) Change In Inventory Explanation

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

Drone Destination's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.9895	/	20.443	*	365 / 2
	=	26.69

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Drone Destination's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.443	/	2.9895
	=	6.84

3. 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.

Drone Destination's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.9895	/	120.722
	=	0.02

Drone Destination Change In Inventory Related Terms

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Drone Destination (NSE:DRONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Drone Destination Ltd (NSE:DRONE) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-13, Ground Floor, Panchsheel Enclave, Delhi, IND, 110017

Website

https://www.thedronedestination.com

Drone Destination Ltd is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone. The company operates the largest network of DGCA-certified Drone Pilot Training Programs. Drone Destination currently operates nine Drone Hubs at Gurugram, Dharamshala, Chandigarh, Gwalior, Ahmedabad, Bangalore, Coimbatore, Madurai and IFFCO Phulpur.

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