Evoq Remedies (BOM:543500) Days Inventory : 142.53 (As of Sep. 2023)

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What is Evoq Remedies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Evoq Remedies's Average Total Inventories for the six months ended in Sep. 2023 was ₹17.96 Mil. Evoq Remedies's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹22.99 Mil. Hence, Evoq Remedies's Days Inventory for the six months ended in Sep. 2023 was 142.53.

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

BOM:543500' s Days Inventory Range Over the Past 10 Years
Min: 1.83 Med: 4.91 Max: 98.65
Current: 98.65

During the past 5 years, Evoq Remedies's highest Days Inventory was 98.65. The lowest was 1.83. And the median was 4.91.

BOM:543500's Days Inventory is ranked worse than
75.53% of 94 companies
in the Medical Distribution industry
Industry Median: 60.975 vs BOM:543500: 98.65

Evoq Remedies's Days Inventory increased from Sep. 2022 (15.03) to Sep. 2023 (142.53). It might indicate that Evoq Remedies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Evoq Remedies's Inventory Turnover for the six months ended in Sep. 2023 was 1.28.

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. Evoq Remedies's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.46.

Evoq Remedies Days Inventory Historical Data

The historical data trend for Evoq Remedies'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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Evoq Remedies Days Inventory Chart

Evoq Remedies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

3.39

1.83

4.91

12.39

26.60

Evoq Remedies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			6.81	14.70	15.03	80.57	142.53

Competitive Comparison of Evoq Remedies's Days Inventory

For the Medical Distribution subindustry, Evoq Remedies'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.

Evoq Remedies's Days Inventory Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Evoq Remedies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Evoq Remedies's Days Inventory falls into.

Evoq Remedies Days Inventory Calculation

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

Evoq Remedies'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
=	( (7.845	+	20.321)	/	2 )	/	193.28	*	365
=	14.083					/	193.28	*	365
=	26.60

Evoq Remedies'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
=	( (20.321	+	15.591)	/	2 )	/	22.991	*	365 / 2
=	17.956					/	22.991	*	365 / 2
=	142.53

Evoq Remedies (BOM:543500) 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.

Evoq Remedies's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	22.991	/	17.956
	=	1.28

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.

Evoq Remedies's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17.956	/	39.026
	=	0.46

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.

Evoq Remedies Days Inventory Related Terms

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

Evoq Remedies (BOM:543500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Evoq Remedies Ltd (BOM:543500) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Science City Road, A-1106, Empire Business Hub, Near AUDA Water Tank, Sola, Ahmedabad, GJ, IND, 380060

Website

http://www.evoqremedies.com

Evoq Remedies Ltd is engaged in the pharmaceutical business involving marketing, trading and distribution of wide range of pharmaceutical formulation products such as anti-biotic drugs, calcium, multivitamins, injections and others. It operates in a single segment that is Pharmaceutical Trading.

Evoq Remedies (BOM:543500) Headlines

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