Sky Gold (BOM:541967) Days Inventory : 21.20 (As of Dec. 2023)

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What is Sky Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sky Gold's Average Total Inventories for the three months ended in Dec. 2023 was ₹1,013 Mil. Sky Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹4,359 Mil. Hence, Sky Gold's Days Inventory for the three months ended in Dec. 2023 was 21.20.

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

BOM:541967' s Days Inventory Range Over the Past 10 Years
Min: 14.87 Med: 19.83 Max: 34.39
Current: 24.91

During the past 9 years, Sky Gold's highest Days Inventory was 34.39. The lowest was 14.87. And the median was 19.83.

BOM:541967's Days Inventory is ranked better than
89.23% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.775 vs BOM:541967: 24.91

Sky Gold's Days Inventory increased from Sep. 2022 (17.67) to Dec. 2023 (21.20). It might indicate that Sky Gold's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sky Gold's Inventory Turnover for the three months ended in Dec. 2023 was 4.30.

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. Sky Gold's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.22.

Sky Gold Days Inventory Historical Data

The historical data trend for Sky Gold'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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Sky Gold Days Inventory Chart

Sky Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Inventory

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14.87

15.53

19.83

23.92

34.39

Sky Gold Quarterly Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															17.67	20.81	-	24.65	21.20

Competitive Comparison of Sky Gold's Days Inventory

For the Luxury Goods subindustry, Sky Gold'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.

Sky Gold's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sky Gold's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sky Gold's Days Inventory falls into.

Sky Gold Days Inventory Calculation

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

Sky Gold's Days Inventory for the fiscal year that ended in Mar. 2022 is calculated as

	Days Inventory (A: Mar. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (683.1	+	743.8)	/	2 )	/	7571.9	*	365
=	713.45					/	7571.9	*	365
=	34.39

Sky Gold'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
=	( (1012.747	+	0)	/	1 )	/	4359.401	*	365 / 4
=	1012.747					/	4359.401	*	365 / 4
=	21.20

Sky Gold (BOM:541967) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4359.401	/	1012.747
	=	4.30

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1012.747	/	4604.411
	=	0.22

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.

Sky Gold Days Inventory Related Terms

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

Sky Gold (BOM:541967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sky Gold Ltd (BOM:541967) » Definitions » Days Inventory

Traded in Other Exchanges

SKYGOLD:India

Address

Kalbadevi Road, 267-271, Kanak Chambers, Office No.12A,13,14, 1st Floor, Opposite Adarsh Hotel, Mumbai, MH, IND, 400 002

Website

https://www.skygold.co.in

Sky Gold Ltd is an India-based company engaged in the business of designing, manufacturing, and marketing gold jewelry. It caters to a large number of wholesalers, showrooms, and retailers who buy the products in bulk quantities. The company's product portfolio includes Finger rings, Earrings, Studs, Chains, Pendants, pendant sets, Double hook pendants, Bracelets, Necklaces, and Bangles among others.

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