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Tube Investments of India (BOM:540762) Days Inventory : 54.89 (As of Dec. 2023)


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What is Tube Investments of India Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tube Investments of India's Average Total Inventories for the three months ended in Dec. 2023 was ₹16,541 Mil. Tube Investments of India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹27,497 Mil. Hence, Tube Investments of India's Days Inventory for the three months ended in Dec. 2023 was 54.89.

The historical rank and industry rank for Tube Investments of India's Days Inventory or its related term are showing as below:

BOM:540762' s Days Inventory Range Over the Past 10 Years
Min: 47.83   Med: 81.61   Max: 86.38
Current: 49.06

During the past 9 years, Tube Investments of India's highest Days Inventory was 86.38. The lowest was 47.83. And the median was 81.61.

BOM:540762's Days Inventory is ranked better than
63.11% of 450 companies
in the Conglomerates industry
Industry Median: 73.125 vs BOM:540762: 49.06

Tube Investments of India's Days Inventory increased from Dec. 2022 (54.61) to Dec. 2023 (54.89). It might indicate that Tube Investments of India's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tube Investments of India's Inventory Turnover for the three months ended in Dec. 2023 was 1.66.

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. Tube Investments of India's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.41.


Tube Investments of India Days Inventory Historical Data

The historical data trend for Tube Investments of India'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.

Tube Investments of India Days Inventory Chart

Tube Investments of India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 76.20 86.38 78.62 51.51 47.83

Tube Investments of India 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 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 54.61 43.01 48.26 54.52 54.89

Competitive Comparison of Tube Investments of India's Days Inventory

For the Conglomerates subindustry, Tube Investments of India'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.


Tube Investments of India's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tube Investments of India's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tube Investments of India's Days Inventory falls into.



Tube Investments of India Days Inventory Calculation

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

Tube Investments of India'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
=( (13271.1 + 13529.1) / 2 ) / 102255.4*365
=13400.1 / 102255.4*365
=47.83

Tube Investments of India'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
=( (16540.7 + 0) / 1 ) / 27497.1*365 / 4
=16540.7 / 27497.1*365 / 4
=54.89

* 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.


Tube Investments of India  (BOM:540762) 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.

Tube Investments of India's Inventory Turnover for the three months ended in Dec. 2023 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.

Tube Investments of India's Inventory to Revenue for the three months ended in Dec. 2023 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.


Tube Investments of India Days Inventory Related Terms

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


Tube Investments of India (BOM:540762) Business Description

Traded in Other Exchanges
Address
234, N S C Bose Road, Dare House, Chennai, TN, IND, 600001
Tube Investments of India Ltd is a manufacturer of fabricated metal products. The company's operating segments are Cycles and Accessories, Engineering, Metal Formed Products, and Gear and Gear products. The Engineering segment consists of cold-rolled steel strips and precision steel tubes. Metal Formed Products segment comprises an automotive and industrial chain, fine blanked products, stamped products, roll-formed car door frames, and cold rolled formed sections. The Cycles and Components segment comprises bicycles of the standard and special variety and home fitness equipment. The Gear and Gear Products segment consists of gears, gearboxes, gear motors, and gear assemblies. The majority of its revenue is derived from the Engineering segment.

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