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Coromandel International (BOM:506395) Days Inventory : 149.23 (As of Mar. 2024)


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What is Coromandel International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Coromandel International's Average Total Inventories for the three months ended in Mar. 2024 was ₹46,125 Mil. Coromandel International's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹28,204 Mil. Hence, Coromandel International's Days Inventory for the three months ended in Mar. 2024 was 149.23.

The historical rank and industry rank for Coromandel International's Days Inventory or its related term are showing as below:

BOM:506395' s Days Inventory Range Over the Past 10 Years
Min: 62.82   Med: 97.09   Max: 118.56
Current: 91.56

During the past 13 years, Coromandel International's highest Days Inventory was 118.56. The lowest was 62.82. And the median was 97.09.

BOM:506395's Days Inventory is ranked better than
58.95% of 229 companies
in the Agriculture industry
Industry Median: 110.04 vs BOM:506395: 91.56

Coromandel International's Days Inventory increased from Mar. 2023 (95.12) to Mar. 2024 (149.23). It might indicate that Coromandel International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Coromandel International's Inventory Turnover for the three months ended in Mar. 2024 was 0.61.

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. Coromandel International's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.18.


Coromandel International Days Inventory Historical Data

The historical data trend for Coromandel International'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.

Coromandel International Days Inventory Chart

Coromandel International Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 118.56 98.65 79.58 62.82 99.97

Coromandel International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 95.12 95.52 60.16 71.20 149.23

Competitive Comparison of Coromandel International's Days Inventory

For the Agricultural Inputs subindustry, Coromandel International'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.


Coromandel International's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Coromandel International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Coromandel International's Days Inventory falls into.



Coromandel International Days Inventory Calculation

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

Coromandel International's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

Days Inventory (A: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (44164.5 + 46125) / 2 ) / 164823.4*365
=45144.75 / 164823.4*365
=99.97

Coromandel International's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0 + 46125) / 1 ) / 28204.4*365 / 4
=46125 / 28204.4*365 / 4
=149.23

* 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.


Coromandel International  (BOM:506395) 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.

Coromandel International's Inventory Turnover for the three months ended in Mar. 2024 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.

Coromandel International's Inventory to Revenue for the three months ended in Mar. 2024 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.


Coromandel International Days Inventory Related Terms

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


Coromandel International (BOM:506395) Business Description

Traded in Other Exchanges
Address
1-2-10, Sardar Patel Road, Coromandel House, Secunderabad, TG, IND, 500003
Coromandel International Ltd manufactures and sells fertilizers and crop protection chemicals to the agriculture industry. The firm's revenue is generated in India, but the company also derives revenue in Latin America and Africa. The company's main product lines consist of organic manure, specialty nutrients that include water soluble fertilizers, and single super phosphate fertilizers. Coromandel's primary brands include Gromor Suraksha and Godavari fertilizers. The firm also owns and operates retail outlets known as Mana Grormor Centers.

Coromandel International (BOM:506395) Headlines

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