Beekay Steel Industries (BOM:539018) Days Inventory : 135.28 (As of Dec. 2023)

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What is Beekay Steel Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Beekay Steel Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹2,412 Mil. Beekay Steel Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,627 Mil. Hence, Beekay Steel Industries's Days Inventory for the three months ended in Dec. 2023 was 135.28.

The historical rank and industry rank for Beekay Steel Industries's Days Inventory or its related term are showing as below:

BOM:539018' s Days Inventory Range Over the Past 10 Years
Min: 75.32 Med: 97.42 Max: 125.67
Current: 111.03

During the past 10 years, Beekay Steel Industries's highest Days Inventory was 125.67. The lowest was 75.32. And the median was 97.42.

BOM:539018's Days Inventory is ranked worse than
64.57% of 573 companies
in the Steel industry
Industry Median: 86.42 vs BOM:539018: 111.03

Beekay Steel Industries's Days Inventory increased from Dec. 2022 (133.95) to Dec. 2023 (135.28). It might indicate that Beekay Steel Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Beekay Steel Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.67.

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. Beekay Steel Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.05.

Beekay Steel Industries Days Inventory Historical Data

The historical data trend for Beekay Steel Industries'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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Beekay Steel Industries Days Inventory Chart

Beekay Steel Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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96.22

125.67

124.65

96.27

103.94

Beekay Steel Industries 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															133.95	75.22	104.92	118.95	135.28

Competitive Comparison of Beekay Steel Industries's Days Inventory

For the Steel subindustry, Beekay Steel Industries'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.

Beekay Steel Industries's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Beekay Steel Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Beekay Steel Industries's Days Inventory falls into.

Beekay Steel Industries Days Inventory Calculation

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

Beekay Steel Industries'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
=	( (2796.587	+	2263.928)	/	2 )	/	8885.635	*	365
=	2530.2575					/	8885.635	*	365
=	103.94

Beekay Steel Industries'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
=	( (2411.597	+	0)	/	1 )	/	1626.696	*	365 / 4
=	2411.597					/	1626.696	*	365 / 4
=	135.28

Beekay Steel Industries (BOM:539018) 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.

Beekay Steel Industries's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1626.696	/	2411.597
	=	0.67

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.

Beekay Steel Industries's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2411.597	/	2301.606
	=	1.05

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.

Beekay Steel Industries Days Inventory Related Terms

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

Beekay Steel Industries (BOM:539018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Beekay Steel Industries Ltd (BOM:539018) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2/1A, Sarat Bose Road, Lansdowne Towers, 4th Floor, Kolkata, WB, IND, 700020

Website

https://www.beekaysteel.com

Beekay Steel Industries Ltd is engaged in the business of producing steel products. It operates in the business segment of Rolling of iron and steel. Its products include Sections including flats, rounds, squares, RCS, hexagonals, octagonals, and trapezium; Bright Bars including flats, rounds, squares, and hexagonals; Structurals including angles, channels, i-beams, and h-beams; TMT bars; and coil springs. The company derives revenues from the sale of manufactured goods, traded goods and related services.

Beekay Steel Industries (BOM:539018) Headlines

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