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Shree Ajit Pulp And Paper (BOM:538795) Days Inventory : 79.38 (As of Mar. 2024)


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What is Shree Ajit Pulp And Paper Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shree Ajit Pulp And Paper's Average Total Inventories for the three months ended in Mar. 2024 was ₹552 Mil. Shree Ajit Pulp And Paper's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹635 Mil. Hence, Shree Ajit Pulp And Paper's Days Inventory for the three months ended in Mar. 2024 was 79.38.

The historical rank and industry rank for Shree Ajit Pulp And Paper's Days Inventory or its related term are showing as below:

BOM:538795' s Days Inventory Range Over the Past 10 Years
Min: 43.29   Med: 53.47   Max: 121.21
Current: 121.21

During the past 13 years, Shree Ajit Pulp And Paper's highest Days Inventory was 121.21. The lowest was 43.29. And the median was 53.47.

BOM:538795's Days Inventory is ranked worse than
70.04% of 277 companies
in the Forest Products industry
Industry Median: 89.91 vs BOM:538795: 121.21

Shree Ajit Pulp And Paper's Days Inventory declined from Mar. 2023 (104.11) to Mar. 2024 (79.38).

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. Shree Ajit Pulp And Paper's Inventory Turnover for the three months ended in Mar. 2024 was 1.15.

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. Shree Ajit Pulp And Paper's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.51.


Shree Ajit Pulp And Paper Days Inventory Historical Data

The historical data trend for Shree Ajit Pulp And Paper'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.

Shree Ajit Pulp And Paper Days Inventory Chart

Shree Ajit Pulp And Paper 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 55.55 57.64 55.37 82.61 116.48

Shree Ajit Pulp And Paper 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 104.11 106.35 140.80 258.80 79.38

Competitive Comparison of Shree Ajit Pulp And Paper's Days Inventory

For the Paper & Paper Products subindustry, Shree Ajit Pulp And Paper'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.


Shree Ajit Pulp And Paper's Days Inventory Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shree Ajit Pulp And Paper's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shree Ajit Pulp And Paper's Days Inventory falls into.



Shree Ajit Pulp And Paper Days Inventory Calculation

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

Shree Ajit Pulp And Paper'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
=( (539.429 + 552.102) / 2 ) / 1710.184*365
=545.7655 / 1710.184*365
=116.48

Shree Ajit Pulp And Paper'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 + 552.102) / 1 ) / 634.663*365 / 4
=552.102 / 634.663*365 / 4
=79.38

* 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.


Shree Ajit Pulp And Paper  (BOM:538795) 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.

Shree Ajit Pulp And Paper'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.

Shree Ajit Pulp And Paper'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.


Shree Ajit Pulp And Paper Days Inventory Related Terms

Thank you for viewing the detailed overview of Shree Ajit Pulp And Paper's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Shree Ajit Pulp And Paper (BOM:538795) Business Description

Traded in Other Exchanges
Address
Survey No 239, Village Salvav, 106,107,108P & 105P, Near Morai Railway Crossing, District Valsad, Vapi, GJ, IND, 396191
Shree Ajit Pulp And Paper Ltd is engaged in the manufacturing of kraft paper. The company operates through a single operating segment which is the manufacturing of kraft paper. The product includes multilayer test liner and test liner paper and is available in two shades which are natural and golden yellow. The kraft papers of the company are mainly used for making corrugated boxes, duplex cartons, and packaging material.

Shree Ajit Pulp And Paper (BOM:538795) Headlines

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