IRM Energy (BOM:544004) Days Inventory : 2.48 (As of Mar. 2024)

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What is IRM Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). IRM Energy's Average Total Inventories for the three months ended in Mar. 2024 was ₹43 Mil. IRM Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,579 Mil. Hence, IRM Energy's Days Inventory for the three months ended in Mar. 2024 was 2.48.

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

BOM:544004' s Days Inventory Range Over the Past 10 Years
Min: 0.85 Med: 1.75 Max: 3.46
Current: 2.25

During the past 4 years, IRM Energy's highest Days Inventory was 3.46. The lowest was 0.85. And the median was 1.75.

BOM:544004's Days Inventory is ranked better than
89.51% of 467 companies
in the Utilities - Regulated industry
Industry Median: 23.36 vs BOM:544004: 2.25

IRM Energy's Days Inventory increased from Mar. 2023 (0.86) to Mar. 2024 (2.48). It might indicate that IRM Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. IRM Energy's Inventory Turnover for the three months ended in Mar. 2024 was 36.85.

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. IRM Energy's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.02.

IRM Energy Days Inventory Historical Data

The historical data trend for IRM Energy'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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IRM Energy Days Inventory Chart

IRM Energy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Inventory

3.46

1.75

0.85

1.75

IRM Energy Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial					0.86	1.98	2.85	2.40	2.48

Competitive Comparison of IRM Energy's Days Inventory

For the Utilities - Regulated Gas subindustry, IRM Energy'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.

IRM Energy's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, IRM Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where IRM Energy's Days Inventory falls into.

IRM Energy Days Inventory Calculation

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

IRM Energy'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
=	( (19.29	+	42.85)	/	2 )	/	6465.23	*	365
=	31.07					/	6465.23	*	365
=	1.75

IRM Energy'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	+	42.85)	/	1 )	/	1579.03	*	365 / 4
=	42.85					/	1579.03	*	365 / 4
=	2.48

IRM Energy (BOM:544004) 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.

IRM Energy's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1579.03	/	42.85
	=	36.85

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.

IRM Energy's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	42.85	/	2142.46
	=	0.02

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.

IRM Energy Days Inventory Related Terms

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

IRM Energy (BOM:544004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » IRM Energy Ltd (BOM:544004) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

IRMENERGY:India

Address

S.G. Highway, Corporate Park, Near Sola Bridge, 4th Floor, Block 8, Magnet, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.irmenergy.com

IRM Energy Ltd is a gas distribution company. It is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.

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