Days Inventory is also known as Days Sales of Inventory (DSI). Surya Roshni's Average Total Inventories for the
three
months ended in Dec. 2023 was ₹10,875 Mil. Surya Roshni's Cost of Goods Sold for the
three
months ended in Dec. 2023 was ₹15,004 Mil.
Hence, Surya Roshni's Days Inventory for the
three
months ended in Dec. 2023 was 66.14.
The historical rank and industry rank for Surya Roshni's Days Inventory or its related term are showing as below:
BOM:500336'
s Days Inventory Range Over the Past 10 Years
Min: 54.32 Med: 69.37 Max: 75.3
Current: 65.45
During the past 13 years, Surya Roshni's highest Days Inventory was 75.30. The lowest was 54.32. And the median was 69.37.
BOM:500336's Days Inventory is ranked better than 64.52% of 575
companies
in the Steel industry
Industry Median: 85.74
vs BOM:500336: 65.45
Surya Roshni's Days Inventory
increased
from Dec. 2022 (61.47) to Dec. 2023 (66.14).
It might indicate that Surya Roshni's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Surya Roshni's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.38.
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.
Surya Roshni's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.56.
Surya Roshni Days Inventory Historical Data
The historical data trend for Surya Roshni'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.
Competitive Comparison of Surya Roshni's Days Inventory
For the Steel subindustry, Surya Roshni'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.
Surya Roshni's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Surya Roshni's Days Inventory distribution charts can be found below:
* The bar in red indicates where Surya Roshni's Days Inventory falls into.
Surya Roshni Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Surya Roshni's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Surya Roshni (BOM:500336) 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.
Surya Roshni's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Surya Roshni's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Surya Roshni Days Inventory Related Terms
Thank you for viewing the detailed overview of Surya Roshni's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Surya Roshni Ltd is an Indian-based company involved in the manufacturing and marketing of lighting and steel tube products. The business activity of the firm has functioned through Steel pipes and Strips and Lighting and consumer durables segments. The Steel Pipe and Strips segment manufacturing and sale of steel pipes, cold rolled strips and steel structures. The Lighting and consumer durables segment is engaged in the manufacturing and sale of different varieties of Lamps, fittings, Fans, Appliances and allied items. Geographically all the business operations are operated from India, however, the business presence and the products are sold within the Indian and international market.
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