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Modern Insulators (BOM:515008) Days Inventory : 357.15 (As of Dec. 2023)


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What is Modern Insulators Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Modern Insulators's Average Total Inventories for the three months ended in Dec. 2023 was ₹1,240 Mil. Modern Insulators's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹317 Mil. Hence, Modern Insulators's Days Inventory for the three months ended in Dec. 2023 was 357.15.

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

BOM:515008' s Days Inventory Range Over the Past 10 Years
Min: 68.38   Med: 96.85   Max: 170.38
Current: 150.02

During the past 12 years, Modern Insulators's highest Days Inventory was 170.38. The lowest was 68.38. And the median was 96.85.

BOM:515008's Days Inventory is ranked worse than
68.31% of 2408 companies
in the Hardware industry
Industry Median: 101.86 vs BOM:515008: 150.02

Modern Insulators's Days Inventory declined from Dec. 2022 (363.87) to Dec. 2023 (357.15).

Inventory Turnover measures how fast the company turns over its inventory within a year. Modern Insulators's Inventory Turnover for the three months ended in Dec. 2023 was 0.26.

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. Modern Insulators's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.16.


Modern Insulators Days Inventory Historical Data

The historical data trend for Modern Insulators'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.

* Premium members only.

Modern Insulators Days Inventory Chart

Modern Insulators Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 99.42 135.33 170.38 138.68 143.81

Modern Insulators 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 363.87 50.78 444.84 314.73 357.15

Competitive Comparison of Modern Insulators's Days Inventory

For the Electronic Components subindustry, Modern Insulators'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.


Modern Insulators's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Modern Insulators's Days Inventory distribution charts can be found below:

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



Modern Insulators Days Inventory Calculation

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

Modern Insulators'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
=( (1228.333 + 1172.965) / 2 ) / 3047.368*365
=1200.649 / 3047.368*365
=143.81

Modern Insulators'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
=( (1239.958 + 0) / 1 ) / 316.802*365 / 4
=1239.958 / 316.802*365 / 4
=357.15

* 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.


Modern Insulators  (BOM:515008) 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.

Modern Insulators'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.

Modern Insulators'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.


Modern Insulators Days Inventory Related Terms

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


Modern Insulators (BOM:515008) Business Description

Traded in Other Exchanges
N/A
Address
Pochkhanwala Road, 68/69, Godavari, Worli, Mumbai, MH, IND, 400030
Modern Insulators Ltd manufactures high-voltage alumina porcelain insulators in India. Hollow porcelain insulators, solid core post insulators, long rod insulators, and railway insulators are among the company's products. The company's operating segment includes Insulators and Terry Towels. It generates maximum revenue from Insulators segment. Geographically, it derives a majority of its revenue from India.

Modern Insulators (BOM:515008) Headlines

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