Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Days Inventory : 162.61 (As of Mar. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Emkay Taps and Cutting Tools Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Emkay Taps and Cutting Tools's Average Total Inventories for the six months ended in Mar. 2023 was ₹160.5 Mil. Emkay Taps and Cutting Tools's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹180.2 Mil. Hence, Emkay Taps and Cutting Tools's Days Inventory for the six months ended in Mar. 2023 was 162.61.

The historical rank and industry rank for Emkay Taps and Cutting Tools's Days Inventory or its related term are showing as below:

NSE:EMKAYTOOLS' s Days Inventory Range Over the Past 10 Years
Min: 113.94 Med: 199.09 Max: 259.12
Current: 160.79

During the past 9 years, Emkay Taps and Cutting Tools's highest Days Inventory was 259.12. The lowest was 113.94. And the median was 199.09.

NSE:EMKAYTOOLS's Days Inventory is ranked worse than
65.97% of 2912 companies
in the Industrial Products industry
Industry Median: 120.56 vs NSE:EMKAYTOOLS: 160.79

Emkay Taps and Cutting Tools's Days Inventory increased from Mar. 2022 (111.19) to Mar. 2023 (162.61). It might indicate that Emkay Taps and Cutting Tools's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Emkay Taps and Cutting Tools's Inventory Turnover for the six months ended in Mar. 2023 was 1.12.

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. Emkay Taps and Cutting Tools's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.37.

Emkay Taps and Cutting Tools Days Inventory Historical Data

The historical data trend for Emkay Taps and Cutting Tools'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.

Emkay Taps and Cutting Tools Days Inventory Chart

Emkay Taps and Cutting Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

191.68

259.12

152.92

113.94

155.97

Emkay Taps and Cutting Tools Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Inventory	Get a 7-Day Free Trial												95.25	98.28	111.19	163.94	162.61

Competitive Comparison of Emkay Taps and Cutting Tools's Days Inventory

For the Tools & Accessories subindustry, Emkay Taps and Cutting Tools'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.

Emkay Taps and Cutting Tools's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Emkay Taps and Cutting Tools's Days Inventory distribution charts can be found below:

* The bar in red indicates where Emkay Taps and Cutting Tools's Days Inventory falls into.

Emkay Taps and Cutting Tools Days Inventory Calculation

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

Emkay Taps and Cutting Tools'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
=	( (104.828	+	170.599)	/	2 )	/	322.268	*	365
=	137.7135					/	322.268	*	365
=	155.97

Emkay Taps and Cutting Tools's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (150.469	+	170.599)	/	2 )	/	180.168	*	365 / 2
=	160.534					/	180.168	*	365 / 2
=	162.61

Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) 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.

Emkay Taps and Cutting Tools's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	180.168	/	160.534
	=	1.12

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.

Emkay Taps and Cutting Tools's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	160.534	/	436.05
	=	0.37

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.

Emkay Taps and Cutting Tools Days Inventory Related Terms

Thank you for viewing the detailed overview of Emkay Taps and Cutting Tools's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Emkay Taps and Cutting Tools Ltd (NSE:EMKAYTOOLS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. B-27 and B-27/1, MIDC Hingna, Industrial Estate, Nagpur, MH, IND, 440016

Website

https://www.etctl.com

Emkay Taps and Cutting Tools Ltd is engaged in the manufacturing and sale of taps and cutting tools. The company's operating segment includes the Manufacturing of Taps and Cutting Tools, the Production of Power through Windmills, and others. It generates maximum revenue from the Tools segment.

Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Headlines

No Headlines