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Riddhi Siddhi Gluco Biols (BOM:524480) Days Inventory : 32.73 (As of Dec. 2023)


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What is Riddhi Siddhi Gluco Biols Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Riddhi Siddhi Gluco Biols's Average Total Inventories for the three months ended in Dec. 2023 was ₹447 Mil. Riddhi Siddhi Gluco Biols's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,246 Mil. Hence, Riddhi Siddhi Gluco Biols's Days Inventory for the three months ended in Dec. 2023 was 32.73.

The historical rank and industry rank for Riddhi Siddhi Gluco Biols's Days Inventory or its related term are showing as below:

BOM:524480' s Days Inventory Range Over the Past 10 Years
Min: 49.57   Med: 201.88   Max: 372.63
Current: 51.02

During the past 13 years, Riddhi Siddhi Gluco Biols's highest Days Inventory was 372.63. The lowest was 49.57. And the median was 201.88.

BOM:524480's Days Inventory is ranked better than
84.28% of 229 companies
in the Agriculture industry
Industry Median: 111.36 vs BOM:524480: 51.02

Riddhi Siddhi Gluco Biols's Days Inventory declined from Dec. 2022 (337.04) to Dec. 2023 (32.73).

Inventory Turnover measures how fast the company turns over its inventory within a year. Riddhi Siddhi Gluco Biols's Inventory Turnover for the three months ended in Dec. 2023 was 2.79.

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. Riddhi Siddhi Gluco Biols's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.33.


Riddhi Siddhi Gluco Biols Days Inventory Historical Data

The historical data trend for Riddhi Siddhi Gluco Biols'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.

Riddhi Siddhi Gluco Biols Days Inventory Chart

Riddhi Siddhi Gluco Biols Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 372.63 310.08 193.45 287.07 78.03

Riddhi Siddhi Gluco Biols Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 337.04 6.49 7.89 753.35 32.73

Competitive Comparison of Riddhi Siddhi Gluco Biols's Days Inventory

For the Agricultural Inputs subindustry, Riddhi Siddhi Gluco Biols'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.


Riddhi Siddhi Gluco Biols's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Riddhi Siddhi Gluco Biols's Days Inventory distribution charts can be found below:

* The bar in red indicates where Riddhi Siddhi Gluco Biols's Days Inventory falls into.



Riddhi Siddhi Gluco Biols Days Inventory Calculation

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

Riddhi Siddhi Gluco Biols's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (561.499 + 46.996) / 2 ) / 1423.124*365
=304.2475 / 1423.124*365
=78.03

Riddhi Siddhi Gluco Biols's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (446.7 + 0) / 1 ) / 1245.537*365 / 4
=446.7 / 1245.537*365 / 4
=32.73

* 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.


Riddhi Siddhi Gluco Biols  (BOM:524480) 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.

Riddhi Siddhi Gluco Biols's Inventory Turnover for the three months ended in Dec. 2023 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.

Riddhi Siddhi Gluco Biols's Inventory to Revenue for the three months ended in Dec. 2023 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.


Riddhi Siddhi Gluco Biols Days Inventory Related Terms

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


Riddhi Siddhi Gluco Biols (BOM:524480) Business Description

Traded in Other Exchanges
N/A
Address
Ambali - Bopal Road, 10, Abhishree Corporate Park, Near Swagat Bunglows BRTS Bus Stop, Ambali, Ahmedabad, GJ, IND, 380 058
Riddhi Siddhi Gluco Biols Ltd is engaged in the business of generation and selling power through windmills and trading of agriculture and metal commodity items. The company operates in various business segments that include Wind Energy Generation and Commodity Trading Business. The business caters to the domestic and international markets. The company generates the majority of its revenue from the Trading business, which is the sale of agricultural commodities.

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