Jindal Stainless (BOM:532508) Days Inventory : 107.61 (As of Dec. 2023)

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What is Jindal Stainless Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jindal Stainless's Average Total Inventories for the three months ended in Dec. 2023 was ₹77,751 Mil. Jindal Stainless's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹65,929 Mil. Hence, Jindal Stainless's Days Inventory for the three months ended in Dec. 2023 was 107.61.

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

BOM:532508' s Days Inventory Range Over the Past 10 Years
Min: 67.87 Med: 95.22 Max: 164.59
Current: 75.94

During the past 13 years, Jindal Stainless's highest Days Inventory was 164.59. The lowest was 67.87. And the median was 95.22.

BOM:532508's Days Inventory is ranked better than
57.49% of 574 companies
in the Steel industry
Industry Median: 85.7 vs BOM:532508: 75.94

Jindal Stainless's Days Inventory increased from Dec. 2022 (56.71) to Dec. 2023 (107.61). It might indicate that Jindal Stainless'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. Jindal Stainless's Inventory Turnover for the three months ended in Dec. 2023 was 0.85.

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. Jindal Stainless's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.85.

Jindal Stainless Days Inventory Historical Data

The historical data trend for Jindal Stainless'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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Jindal Stainless Days Inventory Chart

Jindal Stainless Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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75.29

85.43

101.04

67.87

92.49

Jindal Stainless 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															56.71	69.63	101.12	97.05	107.61

Competitive Comparison of Jindal Stainless's Days Inventory

For the Steel subindustry, Jindal Stainless'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.

Jindal Stainless's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jindal Stainless's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jindal Stainless's Days Inventory falls into.

Jindal Stainless Days Inventory Calculation

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

Jindal Stainless'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
=	( (67853.8	+	83939.2)	/	2 )	/	299520.1	*	365
=	75896.5					/	299520.1	*	365
=	92.49

Jindal Stainless'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
=	( (77750.5	+	0)	/	1 )	/	65929.4	*	365 / 4
=	77750.5					/	65929.4	*	365 / 4
=	107.61

Jindal Stainless (BOM:532508) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	65929.4	/	77750.5
	=	0.85

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	77750.5	/	91274.5
	=	0.85

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.

Jindal Stainless Days Inventory Related Terms

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

Jindal Stainless (BOM:532508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jindal Stainless Ltd (BOM:532508) » Definitions » Days Inventory

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Traded in Other Exchanges

JSL:India

Address

Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, IND, 110066

Website

https://www.jindalstainless.com

Jindal Stainless Ltd is an India-based stainless steel manufacturing company. It offers products such as ferroalloys, stainless steel slabs, and blooms, hot rolled and cold rolled coils, plates, razor blade steel, precision strips, and coin blanks. The firm has a distribution network through its service centers and warehouses in both the Indian and overseas markets. Jindal derives most of the revenue from the sale of steel products.

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