Gayatri Rubbers and Chemicals (NSE:GRCL) Days Inventory : 40.77 (As of Mar. 2023)

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What is Gayatri Rubbers and Chemicals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gayatri Rubbers and Chemicals's Average Total Inventories for the six months ended in Mar. 2023 was ₹21.5 Mil. Gayatri Rubbers and Chemicals's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹192.7 Mil. Hence, Gayatri Rubbers and Chemicals's Days Inventory for the six months ended in Mar. 2023 was 20.38.

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

NSE:GRCL' s Days Inventory Range Over the Past 10 Years
Min: 31.84 Med: 40.93 Max: 61.05
Current: 40.77

During the past 4 years, Gayatri Rubbers and Chemicals's highest Days Inventory was 61.05. The lowest was 31.84. And the median was 40.93.

NSE:GRCL's Days Inventory is ranked better than
83.98% of 1492 companies
in the Chemicals industry
Industry Median: 82.18 vs NSE:GRCL: 40.77

Gayatri Rubbers and Chemicals's Days Inventory increased from Mar. 2021 (31.84) to Mar. 2023 (40.77). It might indicate that Gayatri Rubbers and Chemicals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gayatri Rubbers and Chemicals's Inventory Turnover for the six months ended in Mar. 2023 was 8.95.

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. Gayatri Rubbers and Chemicals's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.10.

Gayatri Rubbers and Chemicals Days Inventory Historical Data

The historical data trend for Gayatri Rubbers and 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.

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Gayatri Rubbers and Chemicals Days Inventory Chart

Gayatri Rubbers and Chemicals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

61.05

31.84

41.09

40.77

Gayatri Rubbers and Chemicals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Days Inventory	61.05	31.84	41.09	40.77

Competitive Comparison of Gayatri Rubbers and Chemicals's Days Inventory

For the Specialty Chemicals subindustry, Gayatri Rubbers and 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.

Gayatri Rubbers and Chemicals's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Gayatri Rubbers and Chemicals's Days Inventory falls into.

Gayatri Rubbers and Chemicals Days Inventory Calculation

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

Gayatri Rubbers and Chemicals'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
=	( (17.745	+	25.294)	/	2 )	/	192.67	*	365
=	21.5195					/	192.67	*	365
=	40.77

Gayatri Rubbers and Chemicals'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
=	( (17.745	+	25.294)	/	2 )	/	192.67	*	365 / 2
=	21.5195					/	192.67	*	365 / 2
=	20.38

Gayatri Rubbers and Chemicals (NSE:GRCL) 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.

Gayatri Rubbers and Chemicals's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	192.67	/	21.5195
	=	8.95

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.

Gayatri Rubbers and Chemicals's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.5195	/	222.069
	=	0.10

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.

Gayatri Rubbers and Chemicals Days Inventory Related Terms

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Gayatri Rubbers and Chemicals (NSE:GRCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gayatri Rubbers and Chemicals Ltd (NSE:GRCL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Malerna Road, Plot No. 11, Gali No. 3, Opposite Beri ka Bagh, Ballabgarh, Faridabad, HR, IND, 121004

Website

https://www.gayatrirubberchemicals.com

Gayatri Rubbers and Chemicals Ltd is engaged in manufacturing and trading rubber products. The company's product portfolio includes Aluminium rubber profiles, Automobile rubber profiles, Sponge rubber components, Clear PVC profiles, Industrial rubber, and Railway sector rubber. Geographically, the company operates within India.