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Smruthi Organics (BOM:540686) Days Inventory : 111.27 (As of Mar. 2024)


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What is Smruthi Organics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Smruthi Organics's Average Total Inventories for the three months ended in Mar. 2024 was ₹298 Mil. Smruthi Organics's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹244 Mil. Hence, Smruthi Organics's Days Inventory for the three months ended in Mar. 2024 was 111.27.

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

BOM:540686' s Days Inventory Range Over the Past 10 Years
Min: 84.55   Med: 106.78   Max: 159.56
Current: 138.8

During the past 13 years, Smruthi Organics's highest Days Inventory was 159.56. The lowest was 84.55. And the median was 106.78.

BOM:540686's Days Inventory is ranked better than
58.49% of 966 companies
in the Drug Manufacturers industry
Industry Median: 158.365 vs BOM:540686: 138.80

Smruthi Organics's Days Inventory increased from Mar. 2023 (92.45) to Mar. 2024 (111.27). It might indicate that Smruthi Organics'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. Smruthi Organics's Inventory Turnover for the three months ended in Mar. 2024 was 0.82.

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. Smruthi Organics's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.75.


Smruthi Organics Days Inventory Historical Data

The historical data trend for Smruthi Organics'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.

Smruthi Organics Days Inventory Chart

Smruthi Organics 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 85.08 94.05 84.55 87.63 135.62

Smruthi Organics 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 92.45 108.22 183.40 196.15 111.27

Competitive Comparison of Smruthi Organics's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Smruthi Organics'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.


Smruthi Organics's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Smruthi Organics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Smruthi Organics's Days Inventory falls into.



Smruthi Organics Days Inventory Calculation

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

Smruthi Organics'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
=( (239.9 + 297.765) / 2 ) / 723.543*365
=268.8325 / 723.543*365
=135.62

Smruthi Organics'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 + 297.765) / 1 ) / 244.186*365 / 4
=297.765 / 244.186*365 / 4
=111.27

* 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.


Smruthi Organics  (BOM:540686) 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.

Smruthi Organics'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.

Smruthi Organics'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.


Smruthi Organics Days Inventory Related Terms

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


Smruthi Organics (BOM:540686) Business Description

Traded in Other Exchanges
N/A
Address
165-A, Balaji Bhavan, 1st Floor, Railway Lines, Solapur, MH, IND, 413 001
Smruthi Organics Ltd is engaged in the manufacture of bulk drugs and drug intermediates (API Products). The product portfolio includes Amlodipine Besilate, Amlodipine Base, S-Amlodipine Besilate, S-Amlodipine Base, Norfloxacin, Metformin HCI, Diloxanide Furoate, Phthaloyl Amlodipine, Pantoprazole Sodium, Pefloxacin Mesylate Dihydrate, Telmisartan, Losartan Potassium and many more. It has two segments Bulk Drugs and Drugs Intermediates (API) and Formulation. it generates the majority of its revenue from the Bulk Drugs and Drugs Intermediates (API) segment.

Smruthi Organics (BOM:540686) Headlines

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