Confidence Petroleum India (BOM:526829) Days Inventory : 66.07 (As of Dec. 2023)

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What is Confidence Petroleum India Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Confidence Petroleum India's Average Total Inventories for the three months ended in Dec. 2023 was ₹2,922 Mil. Confidence Petroleum India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹4,035 Mil. Hence, Confidence Petroleum India's Days Inventory for the three months ended in Dec. 2023 was 66.07.

The historical rank and industry rank for Confidence Petroleum India's Days Inventory or its related term are showing as below:

BOM:526829' s Days Inventory Range Over the Past 10 Years
Min: 28.9 Med: 40.3 Max: 106.1
Current: 41.45

During the past 13 years, Confidence Petroleum India's highest Days Inventory was 106.10. The lowest was 28.90. And the median was 40.30.

BOM:526829's Days Inventory is ranked worse than
59.73% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs BOM:526829: 41.45

Confidence Petroleum India's Days Inventory increased from Dec. 2022 (32.09) to Dec. 2023 (66.07). It might indicate that Confidence Petroleum India's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Confidence Petroleum India's Inventory Turnover for the three months ended in Dec. 2023 was 1.38.

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. Confidence Petroleum India's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.53.

Confidence Petroleum India Days Inventory Historical Data

The historical data trend for Confidence Petroleum 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.

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Confidence Petroleum India Days Inventory Chart

Confidence Petroleum India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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30.78

30.55

38.89

28.90

39.20

Confidence Petroleum India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															32.09	37.71	36.89	54.62	66.07

Competitive Comparison of Confidence Petroleum India's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Confidence Petroleum 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.

Confidence Petroleum India's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Confidence Petroleum India's Days Inventory distribution charts can be found below:

* The bar in red indicates where Confidence Petroleum India's Days Inventory falls into.

Confidence Petroleum India Days Inventory Calculation

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

Confidence Petroleum 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
=	( (1114.7	+	2930.9)	/	2 )	/	18837	*	365
=	2022.8					/	18837	*	365
=	39.20

Confidence Petroleum India's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2921.5	+	0)	/	1 )	/	4035	*	365 / 4
=	2921.5					/	4035	*	365 / 4
=	66.07

Confidence Petroleum India (BOM:526829) 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.

Confidence Petroleum India's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4035	/	2921.5
	=	1.38

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.

Confidence Petroleum India's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2921.5	/	5542.9
	=	0.53

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.

Confidence Petroleum India Days Inventory Related Terms

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Confidence Petroleum India (BOM:526829) Business Description

Industry

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CONFIPET:India

Address

8 Wardha Road, 404, Satyam Appartment, Dhantoli, Nagpur, MH, IND, 440012

Website

https://www.confidencegroup.co

Confidence Petroleum India Ltd is an Indian manufacturer of LPG (liquefied petroleum gas) Cylinders. The company provides CNG (Compressed Natural Gas) and high-pressure cylinders, LPG cylinders, LPG bottling services, and others. Its segments are the Cylinder Division and LPG Division, of which key revenue is derived from the LPG Division which involves LPG marketing and bottling business and other related activities.

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