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AKM Creations (BOM:540718) Days Inventory : 6.78 (As of Sep. 2023)


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What is AKM Creations Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AKM Creations's Average Total Inventories for the six months ended in Sep. 2023 was ₹2.6 Mil. AKM Creations's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹70.1 Mil. Hence, AKM Creations's Days Inventory for the six months ended in Sep. 2023 was 6.78.

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

BOM:540718' s Days Inventory Range Over the Past 10 Years
Min: 4.74   Med: 108.23   Max: 598.88
Current: 4.74

During the past 11 years, AKM Creations's highest Days Inventory was 598.88. The lowest was 4.74. And the median was 108.23.

BOM:540718's Days Inventory is ranked better than
99.11% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs BOM:540718: 4.74

AKM Creations's Days Inventory increased from Sep. 2022 (0.00) to Sep. 2023 (6.78). It might indicate that AKM Creations's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AKM Creations's Inventory Turnover for the six months ended in Sep. 2023 was 26.92.

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. AKM Creations's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.04.


AKM Creations Days Inventory Historical Data

The historical data trend for AKM Creations'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.

AKM Creations Days Inventory Chart

AKM Creations 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 108.23 552.10 598.88 354.00 5.14

AKM Creations Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 642.01 182.50 - 2.57 6.78

Competitive Comparison of AKM Creations's Days Inventory

For the Textile Manufacturing subindustry, AKM Creations'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.


AKM Creations's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, AKM Creations's Days Inventory distribution charts can be found below:

* The bar in red indicates where AKM Creations's Days Inventory falls into.



AKM Creations Days Inventory Calculation

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

AKM Creations'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 + 1.836) / 1 ) / 130.264*365
=1.836 / 130.264*365
=5.14

AKM Creations'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
=( (1.836 + 3.371) / 2 ) / 70.08*365 / 2
=2.6035 / 70.08*365 / 2
=6.78

* 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.


AKM Creations  (BOM:540718) 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.

AKM Creations's Inventory Turnover for the six months ended in Sep. 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.

AKM Creations's Inventory to Revenue for the six months ended in Sep. 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.


AKM Creations Days Inventory Related Terms

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


AKM Creations (BOM:540718) Business Description

Traded in Other Exchanges
N/A
Address
Bhole Nath Nagar, C-110, Ground Floor, Shahdhara, East Delhi, New Delhi, IND, 110032
AKM Creations Ltd formerly, AKM Lace & Embrotex Ltd is a manufacturer and dealer in all types of embrotex goods, laces, fabrics, clothing, and wearing apparel for personal, commercial, and industrial use. It also supplies customized lace and embroidered work items. The company offers services such as Mirror lace, Needle cut work laces, Zari border, Stitching lace, Jhalar lace, and Crochet lace, among others.

AKM Creations (BOM:540718) Headlines

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