Aarti Industries (BOM:524208) Days Inventory : 98.83 (As of Mar. 2024)

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What is Aarti Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aarti Industries's Average Total Inventories for the three months ended in Mar. 2024 was ₹11,600 Mil. Aarti Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹10,710 Mil. Hence, Aarti Industries's Days Inventory for the three months ended in Mar. 2024 was 98.83.

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

BOM:524208' s Days Inventory Range Over the Past 10 Years
Min: 89.55 Med: 96.31 Max: 112.92
Current: 106.24

During the past 13 years, Aarti Industries's highest Days Inventory was 112.92. The lowest was 89.55. And the median was 96.31.

BOM:524208's Days Inventory is ranked worse than
64.56% of 1490 companies
in the Chemicals industry
Industry Median: 81.73 vs BOM:524208: 106.24

Aarti Industries's Days Inventory increased from Mar. 2023 (97.80) to Mar. 2024 (98.83). It might indicate that Aarti Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aarti Industries's Inventory Turnover for the three months ended in Mar. 2024 was 0.92.

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. Aarti Industries's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.65.

Aarti Industries Days Inventory Historical Data

The historical data trend for Aarti 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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Aarti Industries Days Inventory Chart

Aarti Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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109.90

112.92

94.74

93.35

103.06

Aarti Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															97.80	110.30	127.79	99.12	98.83

Competitive Comparison of Aarti Industries's Days Inventory

For the Specialty Chemicals subindustry, Aarti 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.

Aarti Industries's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Aarti Industries's Days Inventory falls into.

Aarti Industries Days Inventory Calculation

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

Aarti 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
=	( (10310.5	+	11600)	/	2 )	/	38800	*	365
=	10955.25					/	38800	*	365
=	103.06

Aarti Industries's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	11600)	/	1 )	/	10710	*	365 / 4
=	11600					/	10710	*	365 / 4
=	98.83

Aarti Industries (BOM:524208) 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.

Aarti Industries's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10710	/	11600
	=	0.92

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.

Aarti Industries's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11600	/	17730
	=	0.65

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.

Aarti Industries Days Inventory Related Terms

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

Aarti Industries (BOM:524208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Aarti Industries Ltd (BOM:524208) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AARTIIND:India

Address

Mulund Goregaon Link Road, L.B.S. Marg, 71, Udyog Kshetra, 2nd Floor, Mulund (West), Mumbai, MH, IND, 400080

Website

https://www.aarti-industries.com

Aarti Industries Ltd manufactures and sells chemicals and chemical-based products in two segments based on the product type. The Specialty chemical segment, which generates the majority of revenue, sells benzene-based chemicals, which are used in agricultural products, dyes and pigments, and flavors and fragrances. The Pharmaceuticals segment sells drugs used to treat diarrhea, inflammation, asthma, as well as antibiotics and antidiabetics. More revenue comes from India than any other country or region.

Aarti Industries (BOM:524208) Headlines

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