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Sukhjit Starch & Chemicals (BOM:524542) Days Inventory : 81.11 (As of Mar. 2024)


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What is Sukhjit Starch & Chemicals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sukhjit Starch & Chemicals's Average Total Inventories for the three months ended in Mar. 2024 was ₹2,305 Mil. Sukhjit Starch & Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,593 Mil. Hence, Sukhjit Starch & Chemicals's Days Inventory for the three months ended in Mar. 2024 was 81.11.

The historical rank and industry rank for Sukhjit Starch & Chemicals's Days Inventory or its related term are showing as below:

BOM:524542' s Days Inventory Range Over the Past 10 Years
Min: 37.4   Med: 54.04   Max: 86.5
Current: 86.5

During the past 13 years, Sukhjit Starch & Chemicals's highest Days Inventory was 86.50. The lowest was 37.40. And the median was 54.04.

BOM:524542's Days Inventory is ranked worse than
52.58% of 1491 companies
in the Chemicals industry
Industry Median: 81.77 vs BOM:524542: 86.50

Sukhjit Starch & Chemicals's Days Inventory increased from Mar. 2023 (58.98) to Mar. 2024 (81.11). It might indicate that Sukhjit Starch & Chemicals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sukhjit Starch & Chemicals's Inventory Turnover for the three months ended in Mar. 2024 was 1.13.

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. Sukhjit Starch & Chemicals's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.62.


Sukhjit Starch & Chemicals Days Inventory Historical Data

The historical data trend for Sukhjit Starch & Chemicals'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.

Sukhjit Starch & Chemicals Days Inventory Chart

Sukhjit Starch & Chemicals 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 56.09 82.50 42.64 52.99 79.02

Sukhjit Starch & Chemicals 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 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 58.98 73.35 109.71 97.89 81.11

Competitive Comparison of Sukhjit Starch & Chemicals's Days Inventory

For the Specialty Chemicals subindustry, Sukhjit Starch & Chemicals'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.


Sukhjit Starch & Chemicals's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Sukhjit Starch & Chemicals's Days Inventory falls into.



Sukhjit Starch & Chemicals Days Inventory Calculation

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

Sukhjit Starch & Chemicals'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
=( (1789.427 + 2304.8) / 2 ) / 9455.7*365
=2047.1135 / 9455.7*365
=79.02

Sukhjit Starch & Chemicals'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 + 2304.8) / 1 ) / 2592.9*365 / 4
=2304.8 / 2592.9*365 / 4
=81.11

* 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.


Sukhjit Starch & Chemicals  (BOM:524542) 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.

Sukhjit Starch & Chemicals's Inventory Turnover for the three months ended in Mar. 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.

Sukhjit Starch & Chemicals's Inventory to Revenue for the three months ended in Mar. 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.


Sukhjit Starch & Chemicals Days Inventory Related Terms

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


Sukhjit Starch & Chemicals (BOM:524542) Business Description

Traded in Other Exchanges
Address
Sarai Road, Kapurthala District, Phagwara, PB, IND, 144401
Sukhjit Starch & Chemicals Ltd is an India-based manufacturer of starch and its derivatives. The company's operation is divided into four segments namely Starch and its derivatives, Readymade garments, Leasing and hire purchase financing, and Manufacturing of heavy machinery. It derives key revenue from Starch and its derivatives business division. The company produces maize starch, liquid glucose, high maltose syrup, Monohydrate dextrose, Malto Dextrin, Oxidized Starch, Cationic Starch, Thin Boiling Starch, Pre- Gelatinised Starch, Yellow Dextrin, White Dextrin, Maize Gluten, Maize Germ, Maize Oil, Maize Germ cake, Corn steep liquor, and Maize coarse bran.

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