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Shukra Bullions (BOM:531506) Days Inventory : 720.86 (As of Mar. 2024)


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What is Shukra Bullions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shukra Bullions's Average Total Inventories for the three months ended in Mar. 2024 was ₹25.56 Mil. Shukra Bullions's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3.24 Mil. Hence, Shukra Bullions's Days Inventory for the three months ended in Mar. 2024 was 720.86.

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

BOM:531506' s Days Inventory Range Over the Past 10 Years
Min: 57.35   Med: 338.76   Max: 7445.01
Current: 1462.71

During the past 13 years, Shukra Bullions's highest Days Inventory was 7445.01. The lowest was 57.35. And the median was 338.76.

BOM:531506's Days Inventory is ranked worse than
97.95% of 1071 companies
in the Retail - Cyclical industry
Industry Median: 109.11 vs BOM:531506: 1462.71

Shukra Bullions's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (720.86). It might indicate that Shukra Bullions's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shukra Bullions's Inventory Turnover for the three months ended in Mar. 2024 was 0.13.

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. Shukra Bullions's Inventory-to-Revenue for the three months ended in Mar. 2024 was 4.36.


Shukra Bullions Days Inventory Historical Data

The historical data trend for Shukra Bullions'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.

Shukra Bullions Days Inventory Chart

Shukra Bullions 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 3,549.39 7,445.01 338.76 - 2,883.44

Shukra Bullions 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 - - - - 720.86

Competitive Comparison of Shukra Bullions's Days Inventory

For the Luxury Goods subindustry, Shukra Bullions'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.


Shukra Bullions's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shukra Bullions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shukra Bullions's Days Inventory falls into.



Shukra Bullions Days Inventory Calculation

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

Shukra Bullions'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
=( (0 + 25.556) / 1 ) / 3.235*365
=25.556 / 3.235*365
=2,883.44

Shukra Bullions'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 + 25.556) / 1 ) / 3.235*365 / 4
=25.556 / 3.235*365 / 4
=720.86

* 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.


Shukra Bullions  (BOM:531506) 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.

Shukra Bullions'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.

Shukra Bullions'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.


Shukra Bullions Days Inventory Related Terms

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


Shukra Bullions (BOM:531506) Business Description

Traded in Other Exchanges
N/A
Address
M.P. Marg, Opera House, 232, Panchratna, 2nd Floor, Girgaon, Mumbai, MH, IND, 400004
Shukra Bullions Ltd is engaged in the manufacture, design, marketing, and distribution of diamond studded gold jewelry, trading in cut and polished diamonds, and Real Estate Business The company generates a majority of its revenue from the sale of diamonds.

Shukra Bullions (BOM:531506) Headlines

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