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Fine Organic Industries (BOM:541557) Days Inventory : 77.87 (As of Mar. 2024)


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What is Fine Organic Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fine Organic Industries's Average Total Inventories for the three months ended in Mar. 2024 was ₹2,609 Mil. Fine Organic Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,057 Mil. Hence, Fine Organic Industries's Days Inventory for the three months ended in Mar. 2024 was 77.87.

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

BOM:541557' s Days Inventory Range Over the Past 10 Years
Min: 49.68   Med: 63.22   Max: 105.85
Current: 105

During the past 12 years, Fine Organic Industries's highest Days Inventory was 105.85. The lowest was 49.68. And the median was 63.22.

BOM:541557's Days Inventory is ranked worse than
64.32% of 1491 companies
in the Chemicals industry
Industry Median: 81.73 vs BOM:541557: 105.00

Fine Organic Industries's Days Inventory declined from Mar. 2023 (134.95) to Mar. 2024 (77.87).

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. Fine Organic Industries's Inventory Turnover for the three months ended in Mar. 2024 was 1.17.

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. Fine Organic Industries's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.48.


Fine Organic Industries Days Inventory Historical Data

The historical data trend for Fine Organic 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.

* Premium members only.

Fine Organic Industries Days Inventory Chart

Fine Organic Industries 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 66.13 64.78 55.56 69.61 105.85

Fine Organic Industries 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 134.95 125.06 101.64 113.33 77.87

Competitive Comparison of Fine Organic Industries's Days Inventory

For the Specialty Chemicals subindustry, Fine Organic 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.


Fine Organic Industries's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Fine Organic Industries's Days Inventory falls into.



Fine Organic Industries Days Inventory Calculation

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

Fine Organic Industries'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
=( (4449.755 + 2608.922) / 2 ) / 12170.34*365
=3529.3385 / 12170.34*365
=105.85

Fine Organic Industries'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 + 2608.922) / 1 ) / 3057.321*365 / 4
=2608.922 / 3057.321*365 / 4
=77.87

* 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.


Fine Organic Industries  (BOM:541557) 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.

Fine Organic Industries'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.

Fine Organic Industries'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.


Fine Organic Industries Days Inventory Related Terms

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


Fine Organic Industries (BOM:541557) Business Description

Traded in Other Exchanges
Address
Anandji Street, Off M. G. Road, Fine House, Ghatkopar (East), Mumbai, MH, IND, 400 077
Fine Organic Industries Ltd is an Indian company engaged in the business of manufacturing oleo chemical-based additives. The company produces specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, and several other specialty applications.

Fine Organic Industries (BOM:541557) Headlines

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