Goyallt (NSE:GOYALSALT) Days Inventory : 17.10 (As of Mar. 2023)

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What is Goyallt Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Goyallt's Average Total Inventories for the six months ended in Mar. 2023 was ₹49 Mil. Goyallt's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,037 Mil. Hence, Goyallt's Days Inventory for the six months ended in Mar. 2023 was 8.55.

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

NSE:GOYALSALT' s Days Inventory Range Over the Past 10 Years
Min: 15.55 Med: 21.83 Max: 31.68
Current: 17.1

During the past 4 years, Goyallt's highest Days Inventory was 31.68. The lowest was 15.55. And the median was 21.83.

NSE:GOYALSALT's Days Inventory is ranked better than
96.3% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs NSE:GOYALSALT: 17.10

Goyallt's Days Inventory declined from Mar. 2021 (26.56) to Mar. 2023 (17.10).

Inventory Turnover measures how fast the company turns over its inventory within a year. Goyallt's Inventory Turnover for the six months ended in Mar. 2023 was 21.34.

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. Goyallt's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.04.

Goyallt Days Inventory Historical Data

The historical data trend for Goyallt'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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Goyallt Days Inventory Chart

Goyallt Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

15.55

26.56

31.68

17.10

Goyallt Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Days Inventory	15.55	26.56	31.68	17.10

Competitive Comparison of Goyallt's Days Inventory

For the Packaged Foods subindustry, Goyallt'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.

Goyallt's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Goyallt's Days Inventory distribution charts can be found below:

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

Goyallt Days Inventory Calculation

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

Goyallt'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
=	( (51.733	+	45.45)	/	2 )	/	1037.053	*	365
=	48.5915					/	1037.053	*	365
=	17.10

Goyallt's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (51.733	+	45.45)	/	2 )	/	1037.053	*	365 / 2
=	48.5915					/	1037.053	*	365 / 2
=	8.55

Goyallt (NSE:GOYALSALT) 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.

Goyallt's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1037.053	/	48.5915
	=	21.34

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.

Goyallt's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	48.5915	/	1176.419
	=	0.04

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.

Goyallt Days Inventory Related Terms

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

Goyallt (NSE:GOYALSALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Goyal Salt Ltd (NSE:GOYALSALT) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Plot No. 229-230, Guru Jambeshwar Nagar, Lane No. 7 Gandhi Path, Vaishali Nagar, Jaipur, RJ, IND, 302021

Website

https://www.goyalsaltltd.com

Goyal Salt Ltd is a company which is primarily engaged in the business of refining of raw salts procured from sub soil brine in the state of Rajasthan for useable as industrial salts and edible salts. It refines and supplies pure, refined and quality range of triple refined free flow iodized salt, industrial salt, double fortified salt and triple refined half dry salt.

Goyallt (NSE:GOYALSALT) Headlines

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