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Gandhar Oil Refinery (India) (BOM:544029) Days Inventory : 44.97 (As of Dec. 2023)


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What is Gandhar Oil Refinery (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gandhar Oil Refinery (India)'s Average Total Inventories for the three months ended in Dec. 2023 was ₹4,792 Mil. Gandhar Oil Refinery (India)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹9,724 Mil. Hence, Gandhar Oil Refinery (India)'s Days Inventory for the three months ended in Dec. 2023 was 44.97.

The historical rank and industry rank for Gandhar Oil Refinery (India)'s Days Inventory or its related term are showing as below:

BOM:544029' s Days Inventory Range Over the Past 10 Years
Min: 32.61   Med: 39.63   Max: 60.64
Current: 60.64

During the past 3 years, Gandhar Oil Refinery (India)'s highest Days Inventory was 60.64. The lowest was 32.61. And the median was 39.63.

BOM:544029's Days Inventory is ranked worse than
72.8% of 728 companies
in the Oil & Gas industry
Industry Median: 31.185 vs BOM:544029: 60.64

Gandhar Oil Refinery (India)'s Days Inventory increased from Mar. 2022 (0.00) to Dec. 2023 (44.97). It might indicate that Gandhar Oil Refinery (India)'s sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gandhar Oil Refinery (India)'s Inventory Turnover for the three months ended in Dec. 2023 was 2.03.

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. Gandhar Oil Refinery (India)'s Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.43.

Gandhar Oil Refinery (India) Days Inventory Historical Data

The historical data trend for Gandhar Oil Refinery (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.

* Premium members only.

Gandhar Oil Refinery (India) Days Inventory Chart

Gandhar Oil Refinery (India) Annual Data
Trend Mar21 Mar22 Mar23
Days Inventory
43.24 32.61 39.63

Gandhar Oil Refinery (India) Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial - 30.31 46.78 44.81 44.97

Competitive Comparison of Gandhar Oil Refinery (India)'s Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Gandhar Oil Refinery (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.

Gandhar Oil Refinery (India)'s Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gandhar Oil Refinery (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Gandhar Oil Refinery (India)'s Days Inventory falls into.


Gandhar Oil Refinery (India) Days Inventory Calculation

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

Gandhar Oil Refinery (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
=( (3256.29 + 4508.66) / 2 ) / 35761.32*365
=3882.475 / 35761.32*365
=39.63

Gandhar Oil Refinery (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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (4791.87 + 0) / 1 ) / 9724.29*365 / 4
=4791.87 / 9724.29*365 / 4
=44.97

* 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.

Gandhar Oil Refinery (India)  (BOM:544029) 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.

Gandhar Oil Refinery (India)'s Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=9724.29 / 4791.87
=2.03

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.

Gandhar Oil Refinery (India)'s Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=4791.87 / 11026.16
=0.43

* 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.

Gandhar Oil Refinery (India) Days Inventory Related Terms

Thank you for viewing the detailed overview of Gandhar Oil Refinery (India)'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Gandhar Oil Refinery (India) (BOM:544029) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gandhar Oil Refinery (India) Ltd (BOM:544029) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
GANDHAR:India
Address
S.V. Road, 18th floor, DLH Park, Goregaon West, Mumbai, MH, IND, 400 062
Website
https://www.gandharoil.com
Gandhar Oil Refinery (India) Ltd is a manufacturer of white oils with a growing focus on the consumer and healthcare end industries. The Company is engaged in three segments namely, manufacturing and trading of petroleum products/specialty oils, trading of non-coking coal, and providing consignment, del-credere agency services for sale of polymers to local markets.

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