Trade Wings (BOM:509953) Days Inventory : 2.20 (As of Dec. 2023)

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What is Trade Wings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Trade Wings's Average Total Inventories for the three months ended in Dec. 2023 was ₹12 Mil. Trade Wings's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹496 Mil. Hence, Trade Wings's Days Inventory for the three months ended in Dec. 2023 was 2.20.

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

BOM:509953' s Days Inventory Range Over the Past 10 Years
Min: 2.38 Med: 6.96 Max: 342.64
Current: 2.38

During the past 13 years, Trade Wings's highest Days Inventory was 342.64. The lowest was 2.38. And the median was 6.96.

BOM:509953's Days Inventory is not ranked
in the Travel & Leisure industry.
Industry Median: 36.02 vs BOM:509953: 2.38

Trade Wings's Days Inventory declined from Dec. 2022 (2.38) to Dec. 2023 (2.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. Trade Wings's Inventory Turnover for the three months ended in Dec. 2023 was 41.40.

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. Trade Wings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Trade Wings Days Inventory Historical Data

The historical data trend for Trade Wings'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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Trade Wings Days Inventory Chart

Trade Wings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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5.03

4.84

27.10

8.89

3.17

Trade Wings 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															2.38	2.79	2.34	2.49	2.20

Competitive Comparison of Trade Wings's Days Inventory

For the Travel Services subindustry, Trade Wings'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.

Trade Wings's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Trade Wings's Days Inventory distribution charts can be found below:

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

Trade Wings Days Inventory Calculation

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

Trade Wings'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
=	( (15.81	+	14.413)	/	2 )	/	1740.81	*	365
=	15.1115					/	1740.81	*	365
=	3.17

Trade Wings'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
=	( (11.974	+	0)	/	1 )	/	495.779	*	365 / 4
=	11.974					/	495.779	*	365 / 4
=	2.20

Trade Wings (BOM:509953) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	495.779	/	11.974
	=	41.40

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.974	/	619.908
	=	0.02

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.

Trade Wings Days Inventory Related Terms

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

Trade Wings (BOM:509953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Trade Wings Ltd (BOM:509953) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-2 Kaveri CHS, Plot No.63, Sector 17, Vashi, Navi Mumbai, MH, IND, 400 705

Website

https://www.tradewings.in

Trade Wings Ltd is an India based company operating in the tourism industry. Its services include Business Travel, Leisure Travel, Hospitality, Logistics, and others. The company's operating segment includes Cargo and Others and Travel Related Services. It generates maximum revenue from the Travel Related Services segment.

Trade Wings (BOM:509953) Headlines

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