Kridhan Infra Limited
Ratios
Working-Capital Days
Number of daysDebtor DaysInventory DaysDays Payable
How to read this: these lines track how the company manages day-to-day cash. Debtor days is how long customers take to pay; inventory days is how long stock sits before selling; days payable is how long the company takes to pay its own suppliers. Fewer debtor and inventory days generally means cash comes in faster; more days payable means the company holds its cash longer. The right level varies a lot by industry, so the trend over time matters more than any single number.
| Period | Debtor Days | Inventory Days | Days Payable | Cash Conversion Cycle | Working Capital Days | ROCE % |
|---|---|---|---|---|---|---|
| FY2015 | 41.53 | 36.05 | 170 | -92.31 | -14.26 | 15.38 |
| FY2016 | 57.53 | 39.84 | 178 | -80.61 | -9.03 | 10.93 |
| FY2017 | 116 | 18.14 | 129 | 4.21 | -14.60 | 17.95 |
| FY2018 | 150 | 25.39 | 230 | -54.58 | 85.38 | 10.61 |
| FY2019 | 57.50 | 22.13 | 331 | -252 | -45.26 | 7.91 |
| FY2020 | 1,053 | 19.76 | 309 | 764 | 571 | 0.32 |
| FY2021 | 454 | 14.83 | 127 | 341 | -40.01 | 0.47 |
| FY2022 | 205 | 0 | — | 205 | -7,307 | — |
| FY2023 | 376 | 0 | — | 376 | -24,892 | — |
| FY2024 | 210 | — | — | 210 | -160,969 | — |
| FY2025 | 70.74 | — | — | 70.74 | -43,039 | — |
| FY2026 | 19.10 | — | — | 19.10 | -30,511 | — |
Understanding these terms
Plain-English explanations of each figure in the table above, and what a beginner typically looks at. These are educational descriptions only, not advice.
- Debtor Days
- The average number of days the company takes to collect payment from its customers after a sale.How a beginner reads it: A beginner reads fewer days as cash coming in faster. A rising trend can mean customers are taking longer to pay, which ties up cash; readers compare it to the company's own past and to peers.
- Inventory Days
- The average number of days goods sit as inventory before being sold.How a beginner reads it: A beginner reads lower inventory days as stock moving quickly. A rising trend can signal slowing sales or overstocking; the right level varies a lot by industry, so comparison matters.
- Days Payable
- The average number of days the company takes to pay its own suppliers.How a beginner reads it: A beginner reads more days as the company holding onto cash longer — useful, within reason. Reading it next to debtor days shows whether the company collects from customers faster than it pays suppliers.
- Cash Conversion Cycle
- The number of days it takes to turn money spent on inventory back into cash from customers: inventory days plus debtor days minus days payable.How a beginner reads it: A beginner reads a shorter cycle as cash being tied up for less time. A negative cycle — paying suppliers after collecting from customers — is generally a sign of strong working-capital efficiency.
- Working Capital Days
- How many days of sales are tied up in the day-to-day running of the business (receivables and inventory, net of payables).How a beginner reads it: A beginner watches the trend: fewer days means less cash locked into operations. A steadily rising figure can mean growth is consuming more and more cash to sustain.
- ROCE %
- Return on Capital Employed — operating profit as a percentage of the total capital (equity plus debt) the business uses. It measures how efficiently the company turns all its capital into operating profit.How a beginner reads it: A beginner uses ROCE to judge how well a company uses every rupee of capital, regardless of how it is financed. Consistency over many years often matters more to readers than a single high year.