Empire Industries (BOM:509525) Days Inventory : 144.80 (As of Dec. 2023)

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What is Empire Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Empire Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹1,090 Mil. Empire Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹687 Mil. Hence, Empire Industries's Days Inventory for the three months ended in Dec. 2023 was 144.80.

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

BOM:509525' s Days Inventory Range Over the Past 10 Years
Min: 122.45 Med: 197 Max: 269.58
Current: 147.6

During the past 13 years, Empire Industries's highest Days Inventory was 269.58. The lowest was 122.45. And the median was 197.00.

BOM:509525's Days Inventory is ranked worse than
78.62% of 449 companies
in the Conglomerates industry
Industry Median: 73.45 vs BOM:509525: 147.60

Empire Industries's Days Inventory increased from Dec. 2022 (126.43) to Dec. 2023 (144.80). It might indicate that Empire Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Empire Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.63.

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. Empire Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.71.

Empire Industries Days Inventory Historical Data

The historical data trend for Empire Industries'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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Empire Industries Days Inventory Chart

Empire Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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181.85

208.83

229.99

195.74

122.45

Empire Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															126.43	123.48	155.49	139.46	144.80

Competitive Comparison of Empire Industries's Days Inventory

For the Conglomerates subindustry, Empire Industries'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.

Empire Industries's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Empire Industries's Days Inventory distribution charts can be found below:

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

Empire Industries Days Inventory Calculation

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

Empire Industries'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
=	( (1082.997	+	1097.247)	/	2 )	/	3249.409	*	365
=	1090.122					/	3249.409	*	365
=	122.45

Empire Industries'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
=	( (1090.34	+	0)	/	1 )	/	687.092	*	365 / 4
=	1090.34					/	687.092	*	365 / 4
=	144.80

Empire Industries (BOM:509525) 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.

Empire Industries's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	687.092	/	1090.34
	=	0.63

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.

Empire Industries's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1090.34	/	1528.459
	=	0.71

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.

Empire Industries Days Inventory Related Terms

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

Empire Industries (BOM:509525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Empire Industries Ltd (BOM:509525) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

414, Senapati Bapat Marg, Empire Complex, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.empiremumbai.com

Empire Industries Ltd is a multi-divisional company engaged in different businesses. Its segments are Manufacturing - comprising of manufacturing glass bottles; Trading, Business Support Services, Consultancy, Commission; and Property development. The company derives revenue primarily from the business of manufacturing of container glass, trading in frozen foods, indenting and real estate. It also imports frozen foods from the global market and distributes them to hotels, provides office space on a leave and license basis to companies and banks, develops residential, and provides workspace solutions to clients. The company operates in India and internationally.

Empire Industries (BOM:509525) Headlines

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