Shree Pacetronix (BOM:527005) Days Inventory : 243.12 (As of Dec. 2023)

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What is Shree Pacetronix Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shree Pacetronix's Average Total Inventories for the three months ended in Dec. 2023 was ₹40.5 Mil. Shree Pacetronix's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹15.2 Mil. Hence, Shree Pacetronix's Days Inventory for the three months ended in Dec. 2023 was 243.12.

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

BOM:527005' s Days Inventory Range Over the Past 10 Years
Min: 112.52 Med: 264.99 Max: 494.3
Current: 129

During the past 13 years, Shree Pacetronix's highest Days Inventory was 494.30. The lowest was 112.52. And the median was 264.99.

BOM:527005's Days Inventory is ranked better than
73.01% of 778 companies
in the Medical Devices & Instruments industry
Industry Median: 193.045 vs BOM:527005: 129.00

Shree Pacetronix's Days Inventory increased from Dec. 2022 (89.15) to Dec. 2023 (243.12). It might indicate that Shree Pacetronix's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shree Pacetronix's Inventory Turnover for the three months ended in Dec. 2023 was 0.38.

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. Shree Pacetronix's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.94.

Shree Pacetronix Days Inventory Historical Data

The historical data trend for Shree Pacetronix'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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Shree Pacetronix Days Inventory Chart

Shree Pacetronix Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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244.57

212.70

238.05

182.79

112.52

Shree Pacetronix 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															89.15	101.32	121.19	186.09	243.12

Competitive Comparison of Shree Pacetronix's Days Inventory

For the Medical Instruments & Supplies subindustry, Shree Pacetronix'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.

Shree Pacetronix's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shree Pacetronix's Days Inventory distribution charts can be found below:

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

Shree Pacetronix Days Inventory Calculation

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

Shree Pacetronix'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
=	( (16.616	+	29.845)	/	2 )	/	75.356	*	365
=	23.2305					/	75.356	*	365
=	112.52

Shree Pacetronix'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
=	( (40.513	+	0)	/	1 )	/	15.206	*	365 / 4
=	40.513					/	15.206	*	365 / 4
=	243.12

Shree Pacetronix (BOM:527005) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15.206	/	40.513
	=	0.38

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	40.513	/	42.962
	=	0.94

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.

Shree Pacetronix Days Inventory Related Terms

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

Shree Pacetronix (BOM:527005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shree Pacetronix Ltd (BOM:527005) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot Number 15, Sector II, Industrial Area, District Dhar, Pithampur, MP, IND, 454775

Website

https://www.pacetronix.com

Shree Pacetronix Ltd is engaged in the manufacturing of medical and surgical equipment and orthopedic appliances. It is in the business of manufacturing and selling Implantable Cardiac Pacemakers. Pacemakers are anti-bradycardia implantable devices intended for permanent ventricular or atrial pacing applications. The Company is engaged in only one segment i.e. manufacturing of pacemakers. It sells its life-saving devices in India and internationally, of which the majority of revenue is generated from the sales made in India.

Shree Pacetronix (BOM:527005) Headlines

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