Vipul Organics (BOM:530627) Days Inventory : 136.33 (As of Dec. 2023)

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What is Vipul Organics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vipul Organics's Average Total Inventories for the three months ended in Dec. 2023 was ₹367 Mil. Vipul Organics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹245 Mil. Hence, Vipul Organics's Days Inventory for the three months ended in Dec. 2023 was 136.33.

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

BOM:530627' s Days Inventory Range Over the Past 10 Years
Min: 46.9 Med: 60.32 Max: 140.59
Current: 139.23

During the past 13 years, Vipul Organics's highest Days Inventory was 140.59. The lowest was 46.90. And the median was 60.32.

BOM:530627's Days Inventory is ranked worse than
76.99% of 1495 companies
in the Chemicals industry
Industry Median: 82.92 vs BOM:530627: 139.23

Vipul Organics's Days Inventory declined from Dec. 2022 (175.57) to Dec. 2023 (136.33).

Inventory Turnover measures how fast the company turns over its inventory within a year. Vipul Organics's Inventory Turnover for the three months ended in Dec. 2023 was 0.67.

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. Vipul Organics's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.98.

Vipul Organics Days Inventory Historical Data

The historical data trend for Vipul Organics'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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Vipul Organics Days Inventory Chart

Vipul Organics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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46.90

70.31

77.63

103.88

140.59

Vipul Organics 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															175.57	171.41	130.14	140.55	136.33

Competitive Comparison of Vipul Organics's Days Inventory

For the Specialty Chemicals subindustry, Vipul Organics'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.

Vipul Organics's Days Inventory Distribution in the Chemicals Industry

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

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

Vipul Organics Days Inventory Calculation

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

Vipul Organics'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
=	( (307.986	+	353.943)	/	2 )	/	859.249	*	365
=	330.9645					/	859.249	*	365
=	140.59

Vipul Organics'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
=	( (366.732	+	0)	/	1 )	/	245.464	*	365 / 4
=	366.732					/	245.464	*	365 / 4
=	136.33

Vipul Organics (BOM:530627) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	245.464	/	366.732
	=	0.67

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	366.732	/	374.21
	=	0.98

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.

Vipul Organics Days Inventory Related Terms

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

Vipul Organics (BOM:530627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vipul Organics Ltd (BOM:530627) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off. Western Express Highway, Sahar Road, B-603, Kaledonia, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.vipulorganics.com

Vipul Organics Ltd is engaged in the business of Dyestuff, Organic pigments and Organic intermediates in India and internationally. The company manufactures various products such as pigment powder, pigment dispersions, reactive dyes, direct dyes, acid dyes, naphthols, fast color bases, fast color salts, vat dyes and vat paste, basic dyes, food colors and lake colors, intermediates for dyestuffs and pigments, and herbal extracts. In addition, it serves various industries ranging from textile, paint, printing ink, cosmetics and food industry, plastic and much more. It derives key revenue from the exporting its products outside India.

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