Polylink Polymers (India) (BOM:531454) Days Inventory : 36.91 (As of Dec. 2023)

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What is Polylink Polymers (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Polylink Polymers (India)'s Average Total Inventories for the three months ended in Dec. 2023 was ₹58.7 Mil. Polylink Polymers (India)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹145.0 Mil. Hence, Polylink Polymers (India)'s Days Inventory for the three months ended in Dec. 2023 was 36.91.

The historical rank and industry rank for Polylink Polymers (India)'s Days Inventory or its related term are showing as below:

BOM:531454' s Days Inventory Range Over the Past 10 Years
Min: 22.56 Med: 41.76 Max: 57.09
Current: 36.66

During the past 13 years, Polylink Polymers (India)'s highest Days Inventory was 57.09. The lowest was 22.56. And the median was 41.76.

BOM:531454's Days Inventory is ranked better than
86.81% of 1493 companies
in the Chemicals industry
Industry Median: 82.92 vs BOM:531454: 36.66

Polylink Polymers (India)'s Days Inventory declined from Dec. 2022 (45.61) to Dec. 2023 (36.91).

Inventory Turnover measures how fast the company turns over its inventory within a year. Polylink Polymers (India)'s Inventory Turnover for the three months ended in Dec. 2023 was 2.47.

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. Polylink Polymers (India)'s Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.31.

Polylink Polymers (India) Days Inventory Historical Data

The historical data trend for Polylink Polymers (India)'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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Polylink Polymers (India) Days Inventory Chart

Polylink Polymers (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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39.53

41.98

57.09

49.68

46.47

Polylink Polymers (India) 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															45.61	44.34	38.45	39.66	36.91

Competitive Comparison of Polylink Polymers (India)'s Days Inventory

For the Specialty Chemicals subindustry, Polylink Polymers (India)'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.

Polylink Polymers (India)'s Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Polylink Polymers (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Polylink Polymers (India)'s Days Inventory falls into.

Polylink Polymers (India) Days Inventory Calculation

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

Polylink Polymers (India)'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
=	( (47.924	+	51.572)	/	2 )	/	390.725	*	365
=	49.748					/	390.725	*	365
=	46.47

Polylink Polymers (India)'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
=	( (58.662	+	0)	/	1 )	/	145.025	*	365 / 4
=	58.662					/	145.025	*	365 / 4
=	36.91

Polylink Polymers (India) (BOM:531454) 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.

Polylink Polymers (India)'s Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	145.025	/	58.662
	=	2.47

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.

Polylink Polymers (India)'s Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	58.662	/	186.643
	=	0.31

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.

Polylink Polymers (India) Days Inventory Related Terms

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

Polylink Polymers (India) (BOM:531454) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Polylink Polymers (India) Ltd (BOM:531454) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

506, Saffron Building, Near Center Point, Ambawadi, Ahmedabad, GJ, IND, 380006

Website

https://www.polylinkpolymers.com

Polylink Polymers (India) Ltd is engaged in the manufacture of polymer compounds. The company is predominantly engaged in only one segment being Polymeric Compounds business. It offers a range of products including Filled PP Compound for Plastic Chair and Engineering Applications, Black Masterbatches, Colour Masterbatches, Wire and Cable Compounds, Compounds for Cable Jointing Accessories, Additive Masterbatches, and Filler for Woven and Non-Woven. The company's wire and cable compounds are used in power and telecommunication cables; special compounds for cable accessories; addictive masterbatches; and cross-linked PE compounds for use in pipes. Geographically, it derives a majority of its revenue from India.

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