Pritika Engineering Components (NSE:PRITIKA) Days Inventory : 95.76 (As of Mar. 2023)

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What is Pritika Engineering Components Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pritika Engineering Components's Average Total Inventories for the six months ended in Mar. 2023 was ₹162.5 Mil. Pritika Engineering Components's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹309.6 Mil. Hence, Pritika Engineering Components's Days Inventory for the six months ended in Mar. 2023 was 95.76.

The historical rank and industry rank for Pritika Engineering Components's Days Inventory or its related term are showing as below:

NSE:PRITIKA' s Days Inventory Range Over the Past 10 Years
Min: 71.56 Med: 103.18 Max: 123.41
Current: 79.27

During the past 4 years, Pritika Engineering Components's highest Days Inventory was 123.41. The lowest was 71.56. And the median was 103.18.

NSE:PRITIKA's Days Inventory is ranked better than
51.04% of 1254 companies
in the Vehicles & Parts industry
Industry Median: 80.76 vs NSE:PRITIKA: 79.27

Pritika Engineering Components's Days Inventory increased from Mar. 2022 (0.00) to Mar. 2023 (95.76). It might indicate that Pritika Engineering Components's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pritika Engineering Components's Inventory Turnover for the six months ended in Mar. 2023 was 1.91.

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. Pritika Engineering Components's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.42.

Pritika Engineering Components Days Inventory Historical Data

The historical data trend for Pritika Engineering Components'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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Pritika Engineering Components Days Inventory Chart

Pritika Engineering Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

123.41

106.96

99.40

71.56

Pritika Engineering Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
Days Inventory	-	-	-	71.80	95.76

Competitive Comparison of Pritika Engineering Components's Days Inventory

For the Auto Parts subindustry, Pritika Engineering Components'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.

Pritika Engineering Components's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pritika Engineering Components's Days Inventory distribution charts can be found below:

* The bar in red indicates where Pritika Engineering Components's Days Inventory falls into.

Pritika Engineering Components Days Inventory Calculation

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

Pritika Engineering Components'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
=	( (102.132	+	154.887)	/	2 )	/	655.467	*	365
=	128.5095					/	655.467	*	365
=	71.56

Pritika Engineering Components'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
=	( (170.018	+	154.887)	/	2 )	/	309.6	*	365 / 2
=	162.4525					/	309.6	*	365 / 2
=	95.76

Pritika Engineering Components (NSE:PRITIKA) 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.

Pritika Engineering Components's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	309.6	/	162.4525
	=	1.91

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.

Pritika Engineering Components's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	162.4525	/	390.095
	=	0.42

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.

Pritika Engineering Components Days Inventory Related Terms

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

Pritika Engineering Components (NSE:PRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pritika Engineering Components Ltd (NSE:PRITIKA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Area, S.A.S Nagar, Plot No.C-94, Phase-VII, Mohali, PB, IND, 160055

Website

https://www.pritikaengineering.com

Pritika Engineering Components Ltd is engaged in the business of manufacturing precision-machined components for the automotive industry, especially for tractors, trucks, and other commercial vehicles. The company manufactures various Tractors and Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing, and Front Engine Supports. It manufactures customized products for tractors, commercial vehicles, and other construction equipment.

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