Shaily Engineering Plastics (BOM:501423) Days Inventory : 90.03 (As of Sep. 2024)

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What is Shaily Engineering Plastics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shaily Engineering Plastics's Average Total Inventories for the three months ended in Sep. 2024 was ₹1,017 Mil. Shaily Engineering Plastics's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹1,031 Mil. Hence, Shaily Engineering Plastics's Days Inventory for the three months ended in Sep. 2024 was 90.03.

The historical rank and industry rank for Shaily Engineering Plastics's Days Inventory or its related term are showing as below:

BOM:501423' s Days Inventory Range Over the Past 10 Years
Min: 59.79 Med: 70.33 Max: 94.29
Current: 80.89

During the past 13 years, Shaily Engineering Plastics's highest Days Inventory was 94.29. The lowest was 59.79. And the median was 70.33.

BOM:501423's Days Inventory is ranked worse than
50.94% of 1494 companies
in the Chemicals industry
Industry Median: 79.62 vs BOM:501423: 80.89

Shaily Engineering Plastics's Days Inventory increased from Sep. 2023 (83.05) to Sep. 2024 (90.03). It might indicate that Shaily Engineering Plastics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shaily Engineering Plastics's Inventory Turnover for the three months ended in Sep. 2024 was 1.01.

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. Shaily Engineering Plastics's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.53.

Shaily Engineering Plastics Days Inventory Historical Data

The historical data trend for Shaily Engineering Plastics'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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Shaily Engineering Plastics Days Inventory Chart

Shaily Engineering Plastics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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80.07

94.29

85.02

83.27

72.15

Shaily Engineering Plastics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															83.05	91.39	65.33	73.46	90.03

Competitive Comparison of Shaily Engineering Plastics's Days Inventory

For the Specialty Chemicals subindustry, Shaily Engineering Plastics'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.

Shaily Engineering Plastics's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shaily Engineering Plastics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shaily Engineering Plastics's Days Inventory falls into.

Shaily Engineering Plastics Days Inventory Calculation

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

Shaily Engineering Plastics'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
=	( (729.746	+	836.035)	/	2 )	/	3960.776	*	365
=	782.8905					/	3960.776	*	365
=	72.15

Shaily Engineering Plastics's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	1016.78)	/	1 )	/	1030.524	*	365 / 4
=	1016.78					/	1030.524	*	365 / 4
=	90.03

Shaily Engineering Plastics (BOM:501423) 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.

Shaily Engineering Plastics's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1030.524	/	1016.78
	=	1.01

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.

Shaily Engineering Plastics's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1016.78	/	1920.034
	=	0.53

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.

Shaily Engineering Plastics Days Inventory Related Terms

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

Shaily Engineering Plastics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shaily Engineering Plastics Ltd (BOM:501423) » Definitions » Days Inventory

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Traded in Other Exchanges

SHAILY:India

Address

Survey No. 363/364/366, At & Post Rania, Taluka Savli, Vadodara, GJ, IND, 391 780

Website

https://www.shaily.com

Shaily Engineering Plastics Ltd is engaged in the manufacture and sale of injection molded precision plastic components, sub-assemblies, and other related services. Geographically, it derives a majority of revenue from Outside India. Its business units consist of Healthcare, Personal Care, Consumer, and Automotive Engineering Plastics.

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