Gujarat State Petronet (BOM:532702) Days Inventory : 7.86 (As of Mar. 2024)

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What is Gujarat State Petronet Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gujarat State Petronet's Average Total Inventories for the three months ended in Mar. 2024 was ₹2,695 Mil. Gujarat State Petronet's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹31,278 Mil. Hence, Gujarat State Petronet's Days Inventory for the three months ended in Mar. 2024 was 7.86.

The historical rank and industry rank for Gujarat State Petronet's Days Inventory or its related term are showing as below:

BOM:532702' s Days Inventory Range Over the Past 10 Years
Min: 5.61 Med: 9.88 Max: 883.53
Current: 7.91

During the past 13 years, Gujarat State Petronet's highest Days Inventory was 883.53. The lowest was 5.61. And the median was 9.88.

BOM:532702's Days Inventory is ranked better than
76.67% of 463 companies
in the Utilities - Regulated industry
Industry Median: 23.36 vs BOM:532702: 7.91

Gujarat State Petronet's Days Inventory declined from Mar. 2023 (8.14) to Mar. 2024 (7.86).

Inventory Turnover measures how fast the company turns over its inventory within a year. Gujarat State Petronet's Inventory Turnover for the three months ended in Mar. 2024 was 11.61.

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. Gujarat State Petronet's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.06.

Gujarat State Petronet Days Inventory Historical Data

The historical data trend for Gujarat State Petronet'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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Gujarat State Petronet Days Inventory Chart

Gujarat State Petronet Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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8.03

8.77

5.61

7.17

7.98

Gujarat State Petronet Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															8.14	8.24	8.00	7.45	7.86

Competitive Comparison of Gujarat State Petronet's Days Inventory

For the Utilities - Regulated Gas subindustry, Gujarat State Petronet'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.

Gujarat State Petronet's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gujarat State Petronet's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gujarat State Petronet's Days Inventory falls into.

Gujarat State Petronet Days Inventory Calculation

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

Gujarat State Petronet's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (2732.712	+	2694.938)	/	2 )	/	124194.635	*	365
=	2713.825					/	124194.635	*	365
=	7.98

Gujarat State Petronet's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	2694.938)	/	1 )	/	31277.933	*	365 / 4
=	2694.938					/	31277.933	*	365 / 4
=	7.86

Gujarat State Petronet (BOM:532702) 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.

Gujarat State Petronet's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31277.933	/	2694.938
	=	11.61

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.

Gujarat State Petronet's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2694.938	/	45321.977
	=	0.06

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.

Gujarat State Petronet Days Inventory Related Terms

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

Gujarat State Petronet (BOM:532702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gujarat State Petronet Ltd (BOM:532702) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GSPL:India

Address

GSPL Bhavan, E-18, GIDC Electronics Estate, Sector-26, Near K-7 Circle, Gandhinagar, GJ, IND, 382028

Website

https://www.gspcgroup.com

Gujarat State Petronet Ltd is a regulated Indian natural gas utility company of which the shareholder is a state-owned oil and gas exploration company, Gujarat State Petroleum Corporation. Gujarat State Petronet is involved in the provision of natural gas, compressed natural gas, and liquefied natural gas transmission services in the West Indian state of Gujarat through its pipeline network. The company derives the vast majority of its sales from service fees relating to the transportation of gas to domestic, industrial, and commercial customers. With its many subsidiaries and associate firms, such as Gujarat Gas Limited, Gujarat State Petronet is one of the gas distributors in India.

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