Primuss Pipes & Tubes (BOM:513291) Days Inventory: 106.18 (As of Dec. 2019)

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BOM:513291 Primuss Pipes & Tubes Ltd BOM:513291
4 GF Score
Price ₹2.68
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What is Primuss Pipes & Tubes Days Inventory?

Primuss Pipes & Tubes BOM:513291 4 Days Inventory is 106.18 as of Dec. 2019. GuruFocus rates BOM:513291 with a GF Score™ of 4/100.

Days Inventory is also known as Days Sales of Inventory (DSI). Primuss Pipes & Tubes's Average Total Inventories for the three months ended in Dec. 2019 was ₹155.9 Mil. Primuss Pipes & Tubes's Cost of Goods Sold for the three months ended in Dec. 2019 was ₹134.0 Mil. Hence, Primuss Pipes & Tubes's Days Inventory for the three months ended in Dec. 2019 was 106.18.

The historical rank and industry rank for Primuss Pipes & Tubes's Days Inventory or its related term are showing as below:

BOM:513291's Days Inventory is not ranked *
in the Steel industry.
Industry Median: 86.57
* Ranked among companies with meaningful Days Inventory only.

Primuss Pipes & Tubes's Days Inventory increased from Dec. 2018 (42.44) to Dec. 2019 (106.18). It might indicate that Primuss Pipes & Tubes's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Primuss Pipes & Tubes's Inventory Turnover for the three months ended in Dec. 2019 was 0.86.

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. Primuss Pipes & Tubes's Inventory-to-Revenue for the three months ended in Dec. 2019 was 7.01.


Primuss Pipes & Tubes  (BOM:513291) 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.

Primuss Pipes & Tubes's Inventory Turnover for the three months ended in Dec. 2019 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.

Primuss Pipes & Tubes's Inventory to Revenue for the three months ended in Dec. 2019 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.


Primuss Pipes & Tubes Days Inventory Related Terms


Primuss Pipes & Tubes Days Inventory Historical Data

* Premium members only.

The historical data trend for Primuss Pipes & Tubes'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.

Primuss Pipes & Tubes Days Inventory Chart

Primuss Pipes & Tubes Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.93 28.35 76.06 42.27 45.38

Primuss Pipes & Tubes Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.44 57.82 122.63 464.29 106.18

BOM:513291 vs NUE: Days Inventory Comparison

For the Steel subindustry, Primuss Pipes & Tubes'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.


Primuss Pipes & Tubes Days Inventory vs Steel Industry

For the Steel industry and Basic Materials sector, Primuss Pipes & Tubes's Days Inventory distribution charts can be found below:

* The bar in red indicates where Primuss Pipes & Tubes's Days Inventory falls into.


BOM:513291
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Primuss Pipes & Tubes Ltd BOM:513291
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Primuss Pipes & Tubes Days Inventory Calculation

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

Primuss Pipes & Tubes's Days Inventory for the fiscal year that ended in Mar. 2019 is calculated as

Days Inventory (A: Mar. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2018 ) + Total Inventories (A: Mar. 2019 )) / count ) / Cost of Goods Sold (A: Mar. 2019 )*Days in Period
=( (156.913 + 158.898) / 2 ) / 1270.09*365
=157.9055 / 1270.09*365
=45.38

Primuss Pipes & Tubes's Days Inventory for the quarter that ended in Dec. 2019 is calculated as:

Days Inventory (Q: Dec. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2019 ) + Total Inventories (Q: Dec. 2019 )) / count ) / Cost of Goods Sold (Q: Dec. 2019 )*Days in Period
=( (155.931 + 0) / 1 ) / 134.007*365 / 4
=155.931 / 134.007*365 / 4
=106.18

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 106.18 mean?
Primuss Pipes & Tubes (BOM:513291) has a Days Inventory of 106.18 as of Dec. 2019. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Primuss Pipes & Tubes and its competitors.
Is Primuss Pipes & Tubes' Days Inventory too high?
Primuss Pipes & Tubes' current Days Inventory is 106.18. The Steel industry median Days Inventory is 86.57. Primuss Pipes & Tubes' value of 106.18 is 22.7% above this industry median. Overall, Primuss Pipes & Tubes has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Primuss Pipes & Tubes' Days Inventory compare to NUE?
Primuss Pipes & Tubes' Days Inventory of 106.18 can be compared against companies in the Steel industry. The industry median Days Inventory is 86.57. Primuss Pipes & Tubes' value of 106.18 is 22.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Steel company?
The median Days Inventory among Steel companies is 86.57, based on 582 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primuss Pipes & Tubes's current Days Inventory of 106.18 is 22.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Primuss Pipes & Tubes and its competitors. For the Steel industry, the median Days Inventory is 86.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primuss Pipes & Tubes's current Days Inventory is 106.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primuss Pipes & Tubes stock overvalued right now?
Primuss Pipes & Tubes (BOM:513291) has a current Days Inventory of 106.18. The current Days Inventory is 106.18 and 22.7% above the Steel industry median of 86.57. Primuss Pipes & Tubes' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Primuss Pipes & Tubes (BOM:513291), the current Days Inventory is 106.18 as of Dec. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Primuss Pipes & Tubes Business Description

Address Arya Nagar, 8/225-A, 2nd Floor, Kanpur, UP, IND, 208 002
Primuss Pipes & Tubes Ltd is engaged in manufacturing iron and steel products including black steel tubes, G.I. steel tubes, steel tubular poles, and PVC pipes. The steel pipes and tubes are used for water pipelines, sewerage system, agriculture and irrigation, industrial water lines and plant piping, whereas the tubular poles are available in a wide range of sizes and can be galvanized, painted, or powder coated and it is used for street light poles, sports, and stadium lighting, highway light poles - single hang and others.
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