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Global Heavy Chemicals (DHA:GHCL) Days Inventory : 128.96 (As of Mar. 2024)


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What is Global Heavy Chemicals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Global Heavy Chemicals's Average Total Inventories for the three months ended in Mar. 2024 was BDT253.7 Mil. Global Heavy Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was BDT179.5 Mil. Hence, Global Heavy Chemicals's Days Inventory for the three months ended in Mar. 2024 was 128.96.

The historical rank and industry rank for Global Heavy Chemicals's Days Inventory or its related term are showing as below:

DHA:GHCL' s Days Inventory Range Over the Past 10 Years
Min: 96.85   Med: 174.64   Max: 208.06
Current: 96.85

During the past 12 years, Global Heavy Chemicals's highest Days Inventory was 208.06. The lowest was 96.85. And the median was 174.64.

DHA:GHCL's Days Inventory is ranked worse than
58.98% of 1492 companies
in the Chemicals industry
Industry Median: 82.18 vs DHA:GHCL: 96.85

Global Heavy Chemicals's Days Inventory declined from Mar. 2023 (224.05) to Mar. 2024 (128.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. Global Heavy Chemicals's Inventory Turnover for the three months ended in Mar. 2024 was 0.71.

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. Global Heavy Chemicals's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.21.


Global Heavy Chemicals Days Inventory Historical Data

The historical data trend for Global Heavy Chemicals'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.

Global Heavy Chemicals Days Inventory Chart

Global Heavy Chemicals Annual Data
Trend Dec14 Dec15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 195.78 191.72 194.80 208.06 145.61

Global Heavy Chemicals 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 224.05 70.80 110.13 101.13 128.96

Competitive Comparison of Global Heavy Chemicals's Days Inventory

For the Chemicals subindustry, Global Heavy Chemicals'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.


Global Heavy Chemicals's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Global Heavy Chemicals's Days Inventory distribution charts can be found below:

* The bar in red indicates where Global Heavy Chemicals's Days Inventory falls into.



Global Heavy Chemicals Days Inventory Calculation

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

Global Heavy Chemicals's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Days Inventory (A: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (268.239 + 290.991) / 2 ) / 700.929*365
=279.615 / 700.929*365
=145.61

Global Heavy Chemicals'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
=( (250.319 + 256.987) / 2 ) / 179.486*365 / 4
=253.653 / 179.486*365 / 4
=128.96

* 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.


Global Heavy Chemicals  (DHA:GHCL) 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.

Global Heavy Chemicals'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.

Global Heavy Chemicals'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.


Global Heavy Chemicals Days Inventory Related Terms

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


Global Heavy Chemicals (DHA:GHCL) Business Description

Traded in Other Exchanges
N/A
Address
37, Segun Bagicha, Dhaka, BGD, 1000
Global Heavy Chemicals Ltd is Bangladesh-Based a chemical manufacturing company. The principal business activity of the company is to manufacture and distribute Sodium hydroxide, Chlorine and other chemical products. Its product portfolio includes certain brands for retail purposes such as Clotech Liquid Bleach, Tuffclean Tiles Cleaner and others.

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