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Shree Rama Newsprint (BOM:500356) Days Inventory : 70.05 (As of Dec. 2023)


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What is Shree Rama Newsprint Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shree Rama Newsprint's Average Total Inventories for the three months ended in Dec. 2023 was ₹52.6 Mil. Shree Rama Newsprint's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹68.5 Mil. Hence, Shree Rama Newsprint's Days Inventory for the three months ended in Dec. 2023 was 70.05.

The historical rank and industry rank for Shree Rama Newsprint's Days Inventory or its related term are showing as below:

BOM:500356' s Days Inventory Range Over the Past 10 Years
Min: 51.7   Med: 94.49   Max: 1392.7
Current: 150.61

During the past 13 years, Shree Rama Newsprint's highest Days Inventory was 1392.70. The lowest was 51.70. And the median was 94.49.

BOM:500356's Days Inventory is ranked worse than
79.86% of 278 companies
in the Forest Products industry
Industry Median: 88.235 vs BOM:500356: 150.61

Shree Rama Newsprint's Days Inventory declined from Dec. 2022 (290.99) to Dec. 2023 (70.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shree Rama Newsprint's Inventory Turnover for the three months ended in Dec. 2023 was 1.30.

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. Shree Rama Newsprint's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.40.


Shree Rama Newsprint Days Inventory Historical Data

The historical data trend for Shree Rama Newsprint'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.

Shree Rama Newsprint Days Inventory Chart

Shree Rama Newsprint Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 90.91 124.30 159.80 1,392.70 393.89

Shree Rama Newsprint 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 290.99 48.47 66.38 89.68 70.05

Competitive Comparison of Shree Rama Newsprint's Days Inventory

For the Paper & Paper Products subindustry, Shree Rama Newsprint'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.


Shree Rama Newsprint's Days Inventory Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shree Rama Newsprint's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shree Rama Newsprint's Days Inventory falls into.



Shree Rama Newsprint Days Inventory Calculation

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

Shree Rama Newsprint'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
=( (561.499 + 46.27) / 2 ) / 281.595*365
=303.8845 / 281.595*365
=393.89

Shree Rama Newsprint'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
=( (52.566 + 0) / 1 ) / 68.477*365 / 4
=52.566 / 68.477*365 / 4
=70.05

* 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.


Shree Rama Newsprint  (BOM:500356) 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.

Shree Rama Newsprint's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Shree Rama Newsprint's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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.


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.


Shree Rama Newsprint Days Inventory Related Terms

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


Shree Rama Newsprint (BOM:500356) Business Description

Traded in Other Exchanges
Address
Ambli - Bopal Road, 10, Abhishree Corporate Park, Ambli, Near Swagat Bunglows BRTS Bus Stand, Ahmedabad, GJ, IND, 380 058
Shree Rama Newsprint Ltd is engaged in manufacturing and dealing in Newsprint, Writing, and Printing Paper. Its operating segment includes Paper and Packaged Water Bottle. The company generates maximum revenue from Paper segment.

Shree Rama Newsprint (BOM:500356) Headlines

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