Waa Solar (BOM:541445) Days Inventory : 5,385.75 (As of Mar. 2024)

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What is Waa Solar Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Waa Solar's Average Total Inventories for the six months ended in Mar. 2024 was ₹26.9 Mil. Waa Solar's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹0.9 Mil. Hence, Waa Solar's Days Inventory for the six months ended in Mar. 2024 was 5,385.75.

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

During the past 12 years, Waa Solar's highest Days Inventory was 14876.13. The lowest was 10.55. And the median was 274.46.

BOM:541445's Days Inventory is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 30.765
* Ranked among companies with meaningful Days Inventory only.

Waa Solar's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (5,385.75). It might indicate that Waa Solar's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Waa Solar's Inventory Turnover for the six months ended in Mar. 2024 was 0.03.

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. Waa Solar's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.88.

Waa Solar Days Inventory Historical Data

The historical data trend for Waa Solar'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.

Waa Solar Days Inventory Chart

Waa Solar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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451.39

14,876.13

4,575.42

357.38

Waa Solar Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial													-	164.87	-	-	5,385.75

Competitive Comparison of Waa Solar's Days Inventory

For the Utilities - Renewable subindustry, Waa Solar'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.

Waa Solar's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Waa Solar's Days Inventory distribution charts can be found below:

* The bar in red indicates where Waa Solar's Days Inventory falls into.

Waa Solar Days Inventory Calculation

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

Waa Solar's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (10.437	+	26.188)	/	2 )	/	-9.436	*	365
=	18.3125					/	-9.436	*	365
=	N/A

Waa Solar's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (27.64	+	26.188)	/	2 )	/	0.912	*	365 / 2
=	26.914					/	0.912	*	365 / 2
=	5,385.75

Waa Solar (BOM:541445) 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.

Waa Solar's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.912	/	26.914
	=	0.03

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.

Waa Solar's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.914	/	30.439
	=	0.88

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.

Waa Solar Days Inventory Related Terms

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

Waa Solar (BOM:541445) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Waa Solar Ltd (BOM:541445) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Madhav House, Near Panchratna Building, Subhanpura, Vadodara, GJ, IND, 390023

Website

http://www.waasolar.org

Waa Solar Ltd is an Indian firm engaged in electric power generation, transmission, and distribution. The company is focused on the development of renewable energy in terms of Solar Power Generation through Ground Mounted Projects and also by undertaking Solar Rooftop Projects. Some of the projects of the company are the 10.25 MW Solar PV Power Project, 100 KW Solar PV Power Project, 10.42 MW Solar PV Power Project, and many more. It generates substantial revenue from the sale of solar power products.

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