NMDC Steel (BOM:543768) Days Inventory : 150.92 (As of Mar. 2024)

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What is NMDC Steel Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NMDC Steel's Average Total Inventories for the six months ended in Mar. 2024 was ₹29,656 Mil. NMDC Steel's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹35,861 Mil. Hence, NMDC Steel's Days Inventory for the six months ended in Mar. 2024 was 150.92.

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

BOM:543768' s Days Inventory Range Over the Past 10 Years
Min: 214.81 Med: 216.51 Max: 216.51
Current: 214.81

During the past 7 years, NMDC Steel's highest Days Inventory was 216.51. The lowest was 214.81. And the median was 216.51.

BOM:543768's Days Inventory is ranked worse than
91.45% of 573 companies
in the Steel industry
Industry Median: 88.62 vs BOM:543768: 214.81

NMDC Steel's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (150.92). It might indicate that NMDC Steel'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. NMDC Steel's Inventory Turnover for the six months ended in Mar. 2024 was 1.21.

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. NMDC Steel's Inventory-to-Revenue for the six months ended in Mar. 2024 was 1.07.

NMDC Steel Days Inventory Historical Data

The historical data trend for NMDC Steel'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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NMDC Steel Days Inventory Chart

NMDC Steel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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216.51

NMDC Steel Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial				-	-	-	1,083.32	150.92

Competitive Comparison of NMDC Steel's Days Inventory

For the Steel subindustry, NMDC Steel'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.

NMDC Steel's Days Inventory Distribution in the Steel Industry

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

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

NMDC Steel Days Inventory Calculation

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

NMDC Steel'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
=	( (8595.4	+	37034.2)	/	2 )	/	38461.5	*	365
=	22814.8					/	38461.5	*	365
=	216.51

NMDC Steel'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (22277.7	+	37034.2)	/	2 )	/	35861	*	365 / 2
=	29655.95					/	35861	*	365 / 2
=	150.92

NMDC Steel (BOM:543768) 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.

NMDC Steel's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	35861	/	29655.95
	=	1.21

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.

NMDC Steel's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	29655.95	/	27715.8
	=	1.07

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.

NMDC Steel Days Inventory Related Terms

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

NMDC Steel (BOM:543768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » NMDC Steel Ltd (BOM:543768) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NSLNISP:India

Address

Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad, TG, IND, 500028

Website

https://nmdcsteel.nmdc.co.in

NMDC Steel Ltd owns and operates mechanized iron ore mines. The company is producing about 35 MTPA of iron ore from its major iron-producing units in Bailadila Sector in Chhattisgarh and Donimalai.

NMDC Steel (BOM:543768) Headlines

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