Ion Exchange (India) (BOM:500214) Days Inventory : 187.92 (As of Mar. 2023)

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What is Ion Exchange (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ion Exchange (India)'s Average Total Inventories for the six months ended in Mar. 2023 was ₹2,016 Mil. Ion Exchange (India)'s Cost of Goods Sold for the six months ended in Mar. 2023 was ₹4,317 Mil. Hence, Ion Exchange (India)'s Days Inventory for the six months ended in Mar. 2023 was 85.23.

The historical rank and industry rank for Ion Exchange (India)'s Days Inventory or its related term are showing as below:

BOM:500214' s Days Inventory Range Over the Past 10 Years
Min: 49.06 Med: 55.37 Max: 170.46
Current: 170.46

During the past 13 years, Ion Exchange (India)'s highest Days Inventory was 170.46. The lowest was 49.06. And the median was 55.37.

BOM:500214's Days Inventory is ranked worse than
68.25% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs BOM:500214: 170.46

Ion Exchange (India)'s Days Inventory increased from Mar. 2021 (171.88) to Mar. 2023 (187.92). It might indicate that Ion Exchange (India)'s sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ion Exchange (India)'s Inventory Turnover for the six months ended in Mar. 2023 was 2.14.

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. Ion Exchange (India)'s Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.32.

Ion Exchange (India) Days Inventory Historical Data

The historical data trend for Ion Exchange (India)'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.

Ion Exchange (India) Days Inventory Chart

Ion Exchange (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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56.63

49.06

52.66

58.17

58.02

Ion Exchange (India) Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Days Inventory	Get a 7-Day Free Trial									160.13	214.27	171.88	214.61	187.92

Competitive Comparison of Ion Exchange (India)'s Days Inventory

For the Pollution & Treatment Controls subindustry, Ion Exchange (India)'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.

Ion Exchange (India)'s Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Ion Exchange (India)'s Days Inventory falls into.

Ion Exchange (India) Days Inventory Calculation

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

Ion Exchange (India)'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
=	( (1809.599	+	2222.587)	/	2 )	/	12683.768	*	365
=	2016.093					/	12683.768	*	365
=	58.02

Ion Exchange (India)'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: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (1809.599	+	2222.587)	/	2 )	/	4316.868	*	365 / 2
=	2016.093					/	4316.868	*	365 / 2
=	85.23

Ion Exchange (India) (BOM:500214) 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.

Ion Exchange (India)'s Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4316.868	/	2016.093
	=	2.14

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.

Ion Exchange (India)'s Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2016.093	/	6364.684
	=	0.32

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.

Ion Exchange (India) Days Inventory Related Terms

Thank you for viewing the detailed overview of Ion Exchange (India)'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Ion Exchange (India) (BOM:500214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ion Exchange (India) Ltd (BOM:500214) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

IONEXCHANG:India

Address

Dr. E. Moses Road, Ion House, Mahalaxmi, Mumbai, MH, IND, 400011

Website

https://www.ionindia.com

Ion Exchange (India) Ltd is a water solution provider. The principal activities of the company consist of the construction and maintenance of water treatment plants, wastewater treatment, manufacturing resins, specialty chemicals for water, recycling, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination, etc. The company operates its business through the Engineering division, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. The company caters to both domestic and international markets.

Ion Exchange (India) (BOM:500214) Headlines

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