Shiva Cement (BOM:532323) Days Inventory : 285.00 (As of Dec. 2023)

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What is Shiva Cement Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shiva Cement's Average Total Inventories for the three months ended in Dec. 2023 was ₹773 Mil. Shiva Cement's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹247 Mil. Hence, Shiva Cement's Days Inventory for the three months ended in Dec. 2023 was 285.00.

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

BOM:532323' s Days Inventory Range Over the Past 10 Years
Min: 119.64 Med: 395.81 Max: 11889
Current: 297.55

During the past 13 years, Shiva Cement's highest Days Inventory was 11889.00. The lowest was 119.64. And the median was 395.81.

BOM:532323's Days Inventory is ranked worse than
88.56% of 367 companies
in the Building Materials industry
Industry Median: 83.39 vs BOM:532323: 297.55

Shiva Cement's Days Inventory increased from Sep. 2022 (0.00) to Dec. 2023 (285.00). It might indicate that Shiva Cement's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shiva Cement's Inventory Turnover for the three months ended in Dec. 2023 was 0.32.

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. Shiva Cement's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.79.

Shiva Cement Days Inventory Historical Data

The historical data trend for Shiva Cement'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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Shiva Cement Days Inventory Chart

Shiva Cement Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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325.38

392.51

399.10

3,233.15

11,889.00

Shiva Cement Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	981.33	217.42	285.00

Competitive Comparison of Shiva Cement's Days Inventory

For the Building Materials subindustry, Shiva Cement'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.

Shiva Cement's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Shiva Cement's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shiva Cement's Days Inventory falls into.

Shiva Cement Days Inventory Calculation

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

Shiva Cement'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
=	( (113.355	+	322.792)	/	2 )	/	6.695	*	365
=	218.0735					/	6.695	*	365
=	11,889.00

Shiva Cement'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
=	( (772.995	+	0)	/	1 )	/	247.492	*	365 / 4
=	772.995					/	247.492	*	365 / 4
=	285.00

Shiva Cement (BOM:532323) 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.

Shiva Cement's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	247.492	/	772.995
	=	0.32

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.

Shiva Cement's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	772.995	/	978.506
	=	0.79

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.

Shiva Cement Days Inventory Related Terms

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

Shiva Cement (BOM:532323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shiva Cement Ltd (BOM:532323) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Village Telighana, PO: Birangatoli, Tehsil-Kutra, District-Sundargarh, Sundargarh, OR, IND, 770018

Website

https://www.shivacement.com

Shiva Cement Ltd is an India-based company engaged in the manufacturing and selling of cement and its allied products. The company caters to domestic markets. The company's products include Portland Slag Cement (PSC) and Portland pozzolana cement for general construction purposes, Clinker, and Limestone Chips.

Shiva Cement (BOM:532323) Headlines

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