Amreli Steels (KAR:ASTL) Days Inventory : 98.76 (As of Dec. 2023)

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What is Amreli Steels Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Amreli Steels's Average Total Inventories for the three months ended in Dec. 2023 was ₨11,044 Mil. Amreli Steels's Cost of Goods Sold for the three months ended in Dec. 2023 was ₨10,204 Mil. Hence, Amreli Steels's Days Inventory for the three months ended in Dec. 2023 was 98.76.

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

KAR:ASTL' s Days Inventory Range Over the Past 10 Years
Min: 73.34 Med: 110.86 Max: 673.76
Current: 106.9

During the past 13 years, Amreli Steels's highest Days Inventory was 673.76. The lowest was 73.34. And the median was 110.86.

KAR:ASTL's Days Inventory is ranked worse than
63.48% of 575 companies
in the Steel industry
Industry Median: 85.74 vs KAR:ASTL: 106.90

Amreli Steels's Days Inventory declined from Dec. 2022 (103.68) to Dec. 2023 (98.76).

Inventory Turnover measures how fast the company turns over its inventory within a year. Amreli Steels's Inventory Turnover for the three months ended in Dec. 2023 was 0.92.

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. Amreli Steels's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.97.

Amreli Steels Days Inventory Historical Data

The historical data trend for Amreli Steels'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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Amreli Steels Days Inventory Chart

Amreli Steels Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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113.33

673.76

89.18

74.92

108.38

Amreli Steels 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															103.68	118.82	107.21	93.45	98.76

Competitive Comparison of Amreli Steels's Days Inventory

For the Steel subindustry, Amreli Steels'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.

Amreli Steels's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Amreli Steels's Days Inventory falls into.

Amreli Steels Days Inventory Calculation

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

Amreli Steels'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
=	( (13774.285	+	9701.355)	/	2 )	/	39530.56	*	365
=	11737.82					/	39530.56	*	365
=	108.38

Amreli Steels'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
=	( (9886.829	+	12200.235)	/	2 )	/	10204.139	*	365 / 4
=	11043.532					/	10204.139	*	365 / 4
=	98.76

Amreli Steels (KAR:ASTL) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10204.139	/	11043.532
	=	0.92

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11043.532	/	11359.909
	=	0.97

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.

Amreli Steels Days Inventory Related Terms

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Amreli Steels (KAR:ASTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Amreli Steels Ltd (KAR:ASTL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sky Tower, West Wing, Tower–A, Plot No. HC-3, Block No. 4, 14th Floor, KDA Scheme 5, Clifton, Karachi, PAK, 75730

Website

https://www.amrelisteel.com

Amreli Steels Ltd is involved in the manufacturing of steel reinforcement bars in Pakistan. The company's product offerings include Amreli Steels Maxima, Amreli Steels Ultima, Amreli Steels Xtreme and amongst others. The majority of the firm's revenue is derived from Pakistan.