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Days Inventory is also known as Days Sales of Inventory (DSI). Eastern Gases's Average Total Inventories for the
three
months ended in Mar. 2018 was ₹8.5 Mil. Eastern Gases's Cost of Goods Sold for the
three
months ended in Mar. 2018 was ₹15.7 Mil.
Hence, Eastern Gases's Days Inventory for the
three
months ended in Mar. 2018 was 49.62.
The historical rank and industry rank for Eastern Gases's Days Inventory or its related term are showing as below:
BOM:540790's Days Inventory is not ranked *
in the Oil & Gas industry.
Industry Median: 30.755 * Ranked among companies with meaningful Days Inventory only.
Eastern Gases's Days Inventory
increased
from Mar. 2017 (23.90) to Mar. 2018 (49.62).
It might indicate that Eastern Gases's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Eastern Gases's Inventory Turnover for the
three
months ended in Mar. 2018 was 1.84.
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.
Eastern Gases's Inventory-to-Revenue for the
three
months ended in Mar. 2018 was 0.54.
Eastern Gases (BOM:540790) 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.
Eastern Gases's Inventory Turnover for the
three
months ended in Mar. 2018 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.
Eastern Gases's Inventory to Revenue for the
three
months ended in Mar. 2018 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.
Eastern Gases Days Inventory Related Terms
Eastern Gases Days Inventory Historical Data
* Premium members only.
The historical data trend for Eastern Gases'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.
BOM:540790 vs ICNN, QEGY, BDCO: Days Inventory Comparison
For the Oil & Gas Refining & Marketing subindustry, Eastern Gases'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.
Eastern Gases Days Inventory vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Eastern Gases's Days Inventory distribution charts can be found below:
* The bar in red indicates where Eastern Gases's Days Inventory falls into.
* 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.
Eastern Gases (BOM:540790) has a Days Inventory of 49.62 as of Mar. 2018. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Eastern Gases and its competitors.
Is Eastern Gases' Days Inventory too high?
Eastern Gases' current Days Inventory is 49.62. The Oil & Gas industry median Days Inventory is 30.76. Eastern Gases' value of 49.62 is 61.3% above this industry median.
How does Eastern Gases' Days Inventory compare to ICNN and QEGY?
Eastern Gases' Days Inventory of 49.62 can be compared against companies in the Oil & Gas industry. The industry median Days Inventory is 30.76. Eastern Gases' value of 49.62 is 61.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Oil & Gas company?
The median Days Inventory among Oil & Gas companies is 30.76, based on 692 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eastern Gases's current Days Inventory of 49.62 is 61.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Eastern Gases and its competitors. For the Oil & Gas industry, the median Days Inventory is 30.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eastern Gases's current Days Inventory is 49.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eastern Gases stock overvalued right now?
Eastern Gases (BOM:540790) has a current Days Inventory of 49.62. The current Days Inventory is 49.62 and 61.3% above the Oil & Gas industry median of 30.76. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Eastern Gases (BOM:540790), the current Days Inventory is 49.62 as of Mar. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Eastern Gases Ltd is engaged in bottling, trading and retailing of LPG and general goods bulk supplies. The company deals in LPG, Propane, Butane, and Ammonia for industrial and commercial usage. It caters to the requirement of industrial user and packed users of LPG as well as Auto LPG segment. The company caters the commercial cylinder market of West Bengal, Bihar, and Orissa from its own bottling plant situated at Durgapur. Its Auto LPG Retail Outlet is present in Paschim Medinipur, West Bengal.
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