Jindal Drilling & Industries (BOM:511034) Days Inventory : 25.11 (As of Dec. 2024)

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What is Jindal Drilling & Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jindal Drilling & Industries's Average Total Inventories for the three months ended in Dec. 2024 was ₹431 Mil. Jindal Drilling & Industries's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹1,568 Mil. Hence, Jindal Drilling & Industries's Days Inventory for the three months ended in Dec. 2024 was 25.11.

The historical rank and industry rank for Jindal Drilling & Industries's Days Inventory or its related term are showing as below:

BOM:511034' s Days Inventory Range Over the Past 10 Years
Min: 16.3 Med: 37.57 Max: 53.73
Current: 25.41

During the past 13 years, Jindal Drilling & Industries's highest Days Inventory was 53.73. The lowest was 16.30. And the median was 37.57.

BOM:511034's Days Inventory is ranked better than
57.9% of 696 companies
in the Oil & Gas industry
Industry Median: 32.205 vs BOM:511034: 25.41

Jindal Drilling & Industries's Days Inventory declined from Dec. 2023 (25.28) to Dec. 2024 (25.11).

Inventory Turnover measures how fast the company turns over its inventory within a year. Jindal Drilling & Industries's Inventory Turnover for the three months ended in Dec. 2024 was 3.63.

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. Jindal Drilling & Industries's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.18.

Jindal Drilling & Industries Days Inventory Historical Data

The historical data trend for Jindal Drilling & Industries'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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Jindal Drilling & Industries Days Inventory Chart

Jindal Drilling & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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51.65

49.12

53.73

43.99

34.58

Jindal Drilling & Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															25.28	26.74	27.86	29.58	25.11

Competitive Comparison of Jindal Drilling & Industries's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Jindal Drilling & Industries'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.

Jindal Drilling & Industries's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Jindal Drilling & Industries's Days Inventory falls into.

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Jindal Drilling & Industries Days Inventory Calculation

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

Jindal Drilling & Industries'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
=	( (347.043	+	384.265)	/	2 )	/	3860.067	*	365
=	365.654					/	3860.067	*	365
=	34.58

Jindal Drilling & Industries's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (431.3	+	0)	/	1 )	/	1567.5	*	365 / 4
=	431.3					/	1567.5	*	365 / 4
=	25.11

Jindal Drilling & Industries (BOM:511034) 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.

Jindal Drilling & Industries's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1567.5	/	431.3
	=	3.63

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.

Jindal Drilling & Industries's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	431.3	/	2394.6
	=	0.18

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.

Jindal Drilling & Industries Days Inventory Related Terms

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Jindal Drilling & Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jindal Drilling & Industries Ltd (BOM:511034) » Definitions » Days Inventory

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JINDRILL:India

Address

5 Pusa Road, 2nd Floor, New Delhi, IND, 110005

Website

https://www.jindal.com

Jindal Drilling & Industries Ltd is engaged in providing drilling and related services to entities involved in oil and gas exploration. Its brands and services include Jindal Star (ERW Pipes), Power and energy, MSL (Seamless pipes), and drilling services among others. The company generates a majority of its revenue from drilling services within India.

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