Growington Ventures India (BOM:539222) Days Inventory : 5.72 (As of Sep. 2023)

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What is Growington Ventures India Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Growington Ventures India's Average Total Inventories for the six months ended in Sep. 2023 was ₹2.8 Mil. Growington Ventures India's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹88.7 Mil. Hence, Growington Ventures India's Days Inventory for the six months ended in Sep. 2023 was 5.72.

The historical rank and industry rank for Growington Ventures India's Days Inventory or its related term are showing as below:

BOM:539222' s Days Inventory Range Over the Past 10 Years
Min: 1.56 Med: 1.56 Max: 2.9
Current: 2.9

During the past 10 years, Growington Ventures India's highest Days Inventory was 2.90. The lowest was 1.56. And the median was 1.56.

BOM:539222's Days Inventory is ranked better than
99.67% of 301 companies
in the Retail - Defensive industry
Industry Median: 35.95 vs BOM:539222: 2.90

Growington Ventures India's Days Inventory increased from Sep. 2022 (0.25) to Sep. 2023 (5.72). It might indicate that Growington Ventures India's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Growington Ventures India's Inventory Turnover for the six months ended in Sep. 2023 was 31.89.

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. Growington Ventures India's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.03.

Growington Ventures India Days Inventory Historical Data

The historical data trend for Growington Ventures India'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.

Growington Ventures India Days Inventory Chart

Growington Ventures India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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1.56

Growington Ventures India Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															-	-	0.25	0.52	5.72

Competitive Comparison of Growington Ventures India's Days Inventory

For the Food Distribution subindustry, Growington Ventures India'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.

Growington Ventures India's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Growington Ventures India's Days Inventory distribution charts can be found below:

* The bar in red indicates where Growington Ventures India's Days Inventory falls into.

Growington Ventures India Days Inventory Calculation

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

Growington Ventures India'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
=	( (0	+	0.781)	/	1 )	/	183.2	*	365
=	0.781					/	183.2	*	365
=	1.56

Growington Ventures India's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.781	+	4.779)	/	2 )	/	88.65	*	365 / 2
=	2.78					/	88.65	*	365 / 2
=	5.72

Growington Ventures India (BOM:539222) 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.

Growington Ventures India's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	88.65	/	2.78
	=	31.89

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.

Growington Ventures India's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.78	/	105.839
	=	0.03

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.

Growington Ventures India Days Inventory Related Terms

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

Growington Ventures India (BOM:539222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Growington Ventures India Ltd (BOM:539222) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

Shiv Chamber, 4th Floor, Plot No. 21, Sector – 11, CBD Belapur, Navi Mumbai, MH, IND, 400614

Website

http://www.growington.in

Growington Ventures India Ltd operates in the exporting & importing of Premium Quality Fruits. The company is principally engaged in wide portfolio of fruits like Apple, Green Apple, Orange & Mandarin, Pear, Kiwi, Dragon Fruit, Avocado, Red Globe Grapes, Plum, Nectarines, Peaches, Cherries, Blueberries, Grape Fruit, Mango Stem, Ram Bhutan, Longan, Dates, Tamarind and so on.

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