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Nova Iron & Steel (BOM:513566) Days Inventory : 15.68 (As of Dec. 2024)


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What is Nova Iron & Steel Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nova Iron & Steel's Average Total Inventories for the three months ended in Dec. 2024 was ₹157 Mil. Nova Iron & Steel's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹912 Mil. Hence, Nova Iron & Steel's Days Inventory for the three months ended in Dec. 2024 was 15.68.

The historical rank and industry rank for Nova Iron & Steel's Days Inventory or its related term are showing as below:

BOM:513566' s Days Inventory Range Over the Past 10 Years
Min: 18.91   Med: 148.8   Max: 3065.47
Current: 18.91

During the past 13 years, Nova Iron & Steel's highest Days Inventory was 3065.47. The lowest was 18.91. And the median was 148.80.

BOM:513566's Days Inventory is ranked better than
95.42% of 589 companies
in the Steel industry
Industry Median: 87.84 vs BOM:513566: 18.91

Nova Iron & Steel's Days Inventory declined from Dec. 2023 (24.28) to Dec. 2024 (15.68).

Inventory Turnover measures how fast the company turns over its inventory within a year. Nova Iron & Steel's Inventory Turnover for the three months ended in Dec. 2024 was 5.82.

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. Nova Iron & Steel's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.16.


Nova Iron & Steel Days Inventory Historical Data

The historical data trend for Nova Iron & Steel'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.

* Premium members only.

Nova Iron & Steel Days Inventory Chart

Nova Iron & Steel Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 136.07 42.46 59.24 54.70 33.70

Nova Iron & Steel 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 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 24.28 13.56 17.00 19.37 15.68

Competitive Comparison of Nova Iron & Steel's Days Inventory

For the Steel subindustry, Nova Iron & Steel'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.


Nova Iron & Steel's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Nova Iron & Steel's Days Inventory falls into.



Nova Iron & Steel Days Inventory Calculation

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

Nova Iron & Steel'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
=( (785.722 + 200.121) / 2 ) / 5339.165*365
=492.9215 / 5339.165*365
=33.70

Nova Iron & Steel'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
=( (156.75 + 0) / 1 ) / 912.332*365 / 4
=156.75 / 912.332*365 / 4
=15.68

* 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.


Nova Iron & Steel  (BOM:513566) 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.

Nova Iron & Steel's Inventory Turnover for the three months ended in Dec. 2024 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.

Nova Iron & Steel's Inventory to Revenue for the three months ended in Dec. 2024 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.


Nova Iron & Steel Days Inventory Related Terms

Thank you for viewing the detailed overview of Nova Iron & Steel's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Nova Iron & Steel Business Description

Traded in Other Exchanges
N/A
Address
Village Dagori, Tehsil Belha, Bilaspur, CT, IND, 495224
Nova Iron & Steel Ltd is an Indian company engaged in the business of manufacturing and trading iron, steel, metals, securities, and natural resources.

Nova Iron & Steel Headlines

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