Kirloskar Ferrous Industries (BOM:500245) Days Inventory : 119.22 (As of Dec. 2023)

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What is Kirloskar Ferrous Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kirloskar Ferrous Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹11,088 Mil. Kirloskar Ferrous Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹8,487 Mil. Hence, Kirloskar Ferrous Industries's Days Inventory for the three months ended in Dec. 2023 was 119.22.

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

BOM:500245' s Days Inventory Range Over the Past 10 Years
Min: 39.63 Med: 58.2 Max: 84.05
Current: 83.05

During the past 13 years, Kirloskar Ferrous Industries's highest Days Inventory was 84.05. The lowest was 39.63. And the median was 58.20.

BOM:500245's Days Inventory is ranked better than
71.35% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs BOM:500245: 83.05

Kirloskar Ferrous Industries's Days Inventory increased from Dec. 2022 (97.14) to Dec. 2023 (119.22). It might indicate that Kirloskar Ferrous Industries's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kirloskar Ferrous Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.77.

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. Kirloskar Ferrous Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.72.

Kirloskar Ferrous Industries Days Inventory Historical Data

The historical data trend for Kirloskar Ferrous Industries'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.

Kirloskar Ferrous Industries Days Inventory Chart

Kirloskar Ferrous Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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48.12

61.17

69.28

84.05

76.44

Kirloskar Ferrous Industries 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															97.14	47.02	119.02	123.15	119.22

Competitive Comparison of Kirloskar Ferrous Industries's Days Inventory

For the Metal Fabrication subindustry, Kirloskar Ferrous Industries'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.

Kirloskar Ferrous Industries's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kirloskar Ferrous Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kirloskar Ferrous Industries's Days Inventory falls into.

Kirloskar Ferrous Industries Days Inventory Calculation

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

Kirloskar Ferrous Industries'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
=	( (9922.1	+	10784.9)	/	2 )	/	49437.2	*	365
=	10353.5					/	49437.2	*	365
=	76.44

Kirloskar Ferrous Industries'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
=	( (11087.9	+	0)	/	1 )	/	8486.7	*	365 / 4
=	11087.9					/	8486.7	*	365 / 4
=	119.22

Kirloskar Ferrous Industries (BOM:500245) 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.

Kirloskar Ferrous Industries's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8486.7	/	11087.9
	=	0.77

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.

Kirloskar Ferrous Industries's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11087.9	/	15482.1
	=	0.72

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.

Kirloskar Ferrous Industries Days Inventory Related Terms

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

Kirloskar Ferrous Industries (BOM:500245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kirloskar Ferrous Industries Ltd (BOM:500245) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

13, Laxmanrao Kirloskar Road, Khadki, Pune, MH, IND, 411003

Website

https://www.kirloskarferrous.com

Kirloskar Ferrous Industries Ltd is an India-based company that is engaged in manufacturing pig iron and gray iron castings. The Company's pig iron and casting products are used in various industries, such as automotive engineering, infrastructure and construction, agriculture, manufacturing, textile mills and steel industries. Its manufacturing plants are located in Bevinahalli village in Koppal district of Karnataka state and Solapur district of Maharashtra state. Its segments include Casting, Tube, and Steel of which it generates the majority of its revenue from the Casting segment.

Kirloskar Ferrous Industries (BOM:500245) Headlines

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