Styrenix Performance Materials (BOM:506222) Days Inventory : 74.81 (As of Sep. 2024)

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What is Styrenix Performance Materials Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Styrenix Performance Materials's Average Total Inventories for the three months ended in Sep. 2024 was ₹3,923 Mil. Styrenix Performance Materials's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹4,784 Mil. Hence, Styrenix Performance Materials's Days Inventory for the three months ended in Sep. 2024 was 74.81.

The historical rank and industry rank for Styrenix Performance Materials's Days Inventory or its related term are showing as below:

BOM:506222' s Days Inventory Range Over the Past 10 Years
Min: 60.69 Med: 73.36 Max: 104.85
Current: 64.72

During the past 13 years, Styrenix Performance Materials's highest Days Inventory was 104.85. The lowest was 60.69. And the median was 73.36.

BOM:506222's Days Inventory is ranked better than
63.16% of 1493 companies
in the Chemicals industry
Industry Median: 79.65 vs BOM:506222: 64.72

Styrenix Performance Materials's Days Inventory increased from Sep. 2023 (64.69) to Sep. 2024 (74.81). It might indicate that Styrenix Performance Materials's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Styrenix Performance Materials's Inventory Turnover for the three months ended in Sep. 2024 was 1.22.

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. Styrenix Performance Materials's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.60.

Styrenix Performance Materials Days Inventory Historical Data

The historical data trend for Styrenix Performance Materials'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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Styrenix Performance Materials Days Inventory Chart

Styrenix Performance Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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86.20

104.85

82.44

70.12

67.07

Styrenix Performance Materials 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															64.69	79.69	53.24	46.19	74.81

Competitive Comparison of Styrenix Performance Materials's Days Inventory

For the Chemicals subindustry, Styrenix Performance Materials'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.

Styrenix Performance Materials's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Styrenix Performance Materials's Days Inventory falls into.

Styrenix Performance Materials Days Inventory Calculation

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

Styrenix Performance Materials'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
=	( (3455.5	+	2686.6)	/	2 )	/	16712.5	*	365
=	3071.05					/	16712.5	*	365
=	67.07

Styrenix Performance Materials'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	+	3922.5)	/	1 )	/	4784.2	*	365 / 4
=	3922.5					/	4784.2	*	365 / 4
=	74.81

Styrenix Performance Materials (BOM:506222) 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.

Styrenix Performance Materials's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4784.2	/	3922.5
	=	1.22

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.

Styrenix Performance Materials's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3922.5	/	6532.2
	=	0.60

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.

Styrenix Performance Materials Days Inventory Related Terms

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Styrenix Performance Materials Business Description

Industry

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STYRENIX:India

Address

Dr. Vikram Sarabhai Marg, 9th Floor, “Shiva”, Sarabhai Complex, Vadiwadi, Vadodara, GJ, IND, 390023

Website

https://www.styrenix.com

Styrenix Performance Materials Ltd is a producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene, and styrene, used for manufacturing home appliances, automobiles, consumer durables, and machinery. Absolan(SAN) is a polymerized plastic resin produced from styrene and acrylonitrile and is mainly used for products such as lighting, stationery, novelties, refrigerators, and cosmetic packing. The company operates in two segments namely Specialties and Polystyrene. Specialties include ABS and SAN. All the business activities of the firm functioned throughout the region of India.

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