India Cements (India Cements) Days Inventory : 106.22 (As of Dec. 2023)

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What is India Cements Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). India Cements's Average Total Inventories for the three months ended in Dec. 2023 was $86.1 Mil. India Cements's Cost of Goods Sold for the three months ended in Dec. 2023 was $74.0 Mil. Hence, India Cements's Days Inventory for the three months ended in Dec. 2023 was 106.22.

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

IAMUY' s Days Inventory Range Over the Past 10 Years
Min: 80.33 Med: 108.22 Max: 131.8
Current: 118.35

During the past 13 years, India Cements's highest Days Inventory was 131.80. The lowest was 80.33. And the median was 108.22.

IAMUY's Days Inventory is ranked worse than
66.76% of 367 companies
in the Building Materials industry
Industry Median: 83.57 vs IAMUY: 118.35

India Cements's Days Inventory increased from Dec. 2022 (84.29) to Dec. 2023 (106.22). It might indicate that India Cements's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. India Cements's Inventory Turnover for the three months ended in Dec. 2023 was 0.86.

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. India Cements's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.63.

India Cements Days Inventory Historical Data

The historical data trend for India Cements'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.

India Cements Days Inventory Chart

India Cements Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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98.95

127.48

130.01

107.10

83.65

India Cements 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															84.29	65.00	220.77	252.07	106.22

Competitive Comparison of India Cements's Days Inventory

For the Building Materials subindustry, India Cements'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.

India Cements's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, India Cements's Days Inventory distribution charts can be found below:

* The bar in red indicates where India Cements's Days Inventory falls into.

India Cements Days Inventory Calculation

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

India Cements'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
=	( (110.831	+	95.381)	/	2 )	/	449.88	*	365
=	103.106					/	449.88	*	365
=	83.65

India Cements'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
=	( (86.121	+	0)	/	1 )	/	73.984	*	365 / 4
=	86.121					/	73.984	*	365 / 4
=	106.22

India Cements (OTCPK:IAMUY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	73.984	/	86.121
	=	0.86

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	86.121	/	137.466
	=	0.63

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.

India Cements Days Inventory Related Terms

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

India Cements (India Cements) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » India Cements Ltd (OTCPK:IAMUY) » Definitions » Days Inventory

Traded in Other Exchanges

INDIACEM:India 530005:India

Address

93, Santhome High Road, Karpagam Avenue, Coromandel Towers, R.A. Puram, Chennai, TN, IND, 600 028

Website

https://www.indiacements.co.in

India Cements Ltd is a cement manufacturing company. It is engaged in the manufacturing and sale of cement and cement-related products. The company brands include Sankar Super Power, Coromandel King, and Raasi Gold.

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