Indian Oil (NSE:IOC) Days Inventory : 63.40 (As of Mar. 2024)

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What is Indian Oil Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Indian Oil's Average Total Inventories for the three months ended in Mar. 2024 was ₹1,213,758 Mil. Indian Oil's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,746,890 Mil. Hence, Indian Oil's Days Inventory for the three months ended in Mar. 2024 was 63.40.

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

NSE:IOC' s Days Inventory Range Over the Past 10 Years
Min: 54.13 Med: 64.16 Max: 93.77
Current: 90.39

During the past 13 years, Indian Oil's highest Days Inventory was 93.77. The lowest was 54.13. And the median was 64.16.

NSE:IOC's Days Inventory is ranked worse than
83.95% of 729 companies
in the Oil & Gas industry
Industry Median: 31.29 vs NSE:IOC: 90.39

Indian Oil's Days Inventory declined from Dec. 2022 (67.53) to Mar. 2024 (63.40).

Inventory Turnover measures how fast the company turns over its inventory within a year. Indian Oil's Inventory Turnover for the three months ended in Mar. 2024 was 1.44.

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. Indian Oil's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.61.

Indian Oil Days Inventory Historical Data

The historical data trend for Indian Oil'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.

* Premium members only.

Indian Oil Days Inventory Chart

Indian Oil Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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60.71

93.77

69.87

55.84

67.60

Indian Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															67.53	62.60	77.07	64.79	63.40

Competitive Comparison of Indian Oil's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Indian Oil'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.

Indian Oil's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Indian Oil's Days Inventory distribution charts can be found below:

* The bar in red indicates where Indian Oil's Days Inventory falls into.

Indian Oil Days Inventory Calculation

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

Indian Oil'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
=	( (1211075.8	+	1213758.3)	/	2 )	/	6546652.7	*	365
=	1212417.05					/	6546652.7	*	365
=	67.60

Indian Oil'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	+	1213758.3)	/	1 )	/	1746890	*	365 / 4
=	1213758.3					/	1746890	*	365 / 4
=	63.40

Indian Oil (NSE:IOC) 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.

Indian Oil's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1746890	/	1213758.3
	=	1.44

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.

Indian Oil's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1213758.3	/	1986497.6
	=	0.61

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.

Indian Oil Days Inventory Related Terms

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

Indian Oil (NSE:IOC) Business Description

Industry

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530965:India

Address

J.B. Tito Marg, 3079/3, Sadiq Nagar, New Delhi, IND, 110 049

Website

https://www.iocl.com

Indian Oil Corp Ltd conducts business across the energy value chain as India's national oil company. The Petroleum Products business generates the majority of the group's revenue. Indian Oil pursues exploration and production opportunities both domestically and internationally. Sale of Petrochemicals , Other operating segment of the Corporation comprises; Gas, Oil & Gas Exploration Activities, Explosives & Cryogenic Business and Wind Mill & Solar Power Generation. A network of pipelines in India not only transport oil from company fields but also to and from its refineries. The pipeline network spans across India and can move various petroleum products. The firm's refinery operations include a host of technologies for processing oil and gas to meet the needs of a diverse client base.