Inducto Steel (BOM:532001) Days Inventory : 86.24 (As of Dec. 2023)

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What is Inducto Steel Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Inducto Steel's Average Total Inventories for the three months ended in Dec. 2023 was ₹195.7 Mil. Inducto Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹207.1 Mil. Hence, Inducto Steel's Days Inventory for the three months ended in Dec. 2023 was 86.24.

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

BOM:532001' s Days Inventory Range Over the Past 10 Years
Min: 8.04 Med: 50.45 Max: 314.08
Current: 57.78

During the past 13 years, Inducto Steel's highest Days Inventory was 314.08. The lowest was 8.04. And the median was 50.45.

BOM:532001's Days Inventory is ranked worse than
71.56% of 211 companies
in the Waste Management industry
Industry Median: 23.54 vs BOM:532001: 57.78

Inducto Steel's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (86.24). It might indicate that Inducto Steel's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Inducto Steel's Inventory Turnover for the three months ended in Dec. 2023 was 1.06.

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. Inducto Steel's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.88.

Inducto Steel Days Inventory Historical Data

The historical data trend for Inducto Steel'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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Inducto Steel Days Inventory Chart

Inducto Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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40.46

60.43

20.93

74.97

62.45

Inducto Steel 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															-	64.93	46.97	45.29	86.24

Competitive Comparison of Inducto Steel's Days Inventory

For the Waste Management subindustry, Inducto Steel'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.

Inducto Steel's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Inducto Steel's Days Inventory distribution charts can be found below:

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

Inducto Steel Days Inventory Calculation

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

Inducto Steel'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
=	( (205.966	+	88.025)	/	2 )	/	859.102	*	365
=	146.9955					/	859.102	*	365
=	62.45

Inducto Steel'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
=	( (195.712	+	0)	/	1 )	/	207.075	*	365 / 4
=	195.712					/	207.075	*	365 / 4
=	86.24

Inducto Steel (BOM:532001) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	207.075	/	195.712
	=	1.06

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	195.712	/	222.475
	=	0.88

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.

Inducto Steel Days Inventory Related Terms

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

Inducto Steel (BOM:532001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Inducto Steel Ltd (BOM:532001) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

220, Jamnalal Bajaj Marg, 156, Maker Chambers VI, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.hariyanagroup.com

Inducto Steel Ltd is a company that operates in ship breaking business. The activities of the group function through Mumbai in trading and investments and via Bhavnagar in shipbreaking and trading segments. The Trading segment engages in the business of trading in metal scrap, coals, graphite electrodes, and other industrial inouts. The Ship Breaking segment includes dismantling or breaking old and used ships. Geographically activities are carried out throughout the region of India. The majority of the revenue is generated from Manufactured products.

Inducto Steel (BOM:532001) Headlines

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