Tulsyan NEC (BOM:513629) Days Inventory : 38.32 (As of Dec. 2023)

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What is Tulsyan NEC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tulsyan NEC's Average Total Inventories for the three months ended in Dec. 2023 was ₹975 Mil. Tulsyan NEC's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,322 Mil. Hence, Tulsyan NEC's Days Inventory for the three months ended in Dec. 2023 was 38.32.

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

BOM:513629' s Days Inventory Range Over the Past 10 Years
Min: 36.97 Med: 56.12 Max: 114.63
Current: 40.21

During the past 13 years, Tulsyan NEC's highest Days Inventory was 114.63. The lowest was 36.97. And the median was 56.12.

BOM:513629's Days Inventory is ranked better than
84.29% of 573 companies
in the Steel industry
Industry Median: 86.42 vs BOM:513629: 40.21

Tulsyan NEC's Days Inventory declined from Dec. 2022 (40.62) to Dec. 2023 (38.32).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tulsyan NEC's Inventory Turnover for the three months ended in Dec. 2023 was 2.38.

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. Tulsyan NEC's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.39.

Tulsyan NEC Days Inventory Historical Data

The historical data trend for Tulsyan NEC'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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Tulsyan NEC Days Inventory Chart

Tulsyan NEC Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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52.93

59.31

69.91

42.88

36.97

Tulsyan NEC 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															40.62	45.75	43.26	38.85	38.32

Competitive Comparison of Tulsyan NEC's Days Inventory

For the Steel subindustry, Tulsyan NEC'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.

Tulsyan NEC's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tulsyan NEC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tulsyan NEC's Days Inventory falls into.

Tulsyan NEC Days Inventory Calculation

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

Tulsyan NEC'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
=	( (830.965	+	1021.589)	/	2 )	/	9144.069	*	365
=	926.277					/	9144.069	*	365
=	36.97

Tulsyan NEC'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
=	( (975.173	+	0)	/	1 )	/	2322.342	*	365 / 4
=	975.173					/	2322.342	*	365 / 4
=	38.32

Tulsyan NEC (BOM:513629) 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.

Tulsyan NEC's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2322.342	/	975.173
	=	2.38

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.

Tulsyan NEC's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	975.173	/	2527.377
	=	0.39

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.

Tulsyan NEC Days Inventory Related Terms

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

Tulsyan NEC (BOM:513629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tulsyan NEC Ltd (BOM:513629) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Miller Tank Bund Road, No. 37, Kaveriappa Layout, Vasanth Nagar, Bangalore, KA, IND, 560 052

Website

http://www.tulsyannec.in

Tulsyan NEC Ltd is a manufacturer of Thermo Mechanically Treated (TMT) Bars in India. Its reportable segments are Steel, Synthetic, and Power. The company generates maximum revenue from the Steel segment. Its products include TMT Bars, sponge, billets, and ingots in the steel division, and in the synthetic division, it includes PP Woven Sacks, FIBC, and Woven Fabric. Geographically, it derives a majority of revenue from India.

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