Shiv Texchem (BOM:544272) Days Inventory : 92.99 (As of Mar. 2024)

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What is Shiv Texchem Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shiv Texchem's Average Total Inventories for the six months ended in Mar. 2024 was ₹3,561 Mil. Shiv Texchem's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹13,979 Mil. Hence, Shiv Texchem's Days Inventory for the six months ended in Mar. 2024 was 46.49.

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

BOM:544272' s Days Inventory Range Over the Past 10 Years
Min: 58.93 Med: 78.64 Max: 92.99
Current: 92.99

During the past 3 years, Shiv Texchem's highest Days Inventory was 92.99. The lowest was 58.93. And the median was 78.64.

BOM:544272's Days Inventory is ranked worse than
61.06% of 1505 companies
in the Chemicals industry
Industry Median: 77.53 vs BOM:544272: 92.99

Shiv Texchem's Days Inventory increased from Mar. 2022 (58.93) to Mar. 2024 (92.99). It might indicate that Shiv Texchem'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. Shiv Texchem's Inventory Turnover for the six months ended in Mar. 2024 was 3.93.

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. Shiv Texchem's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.23.

Shiv Texchem Days Inventory Historical Data

The historical data trend for Shiv Texchem'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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Shiv Texchem Days Inventory Chart

Shiv Texchem Annual Data

Trend

Mar22

Mar23

Mar24

Days Inventory

58.93

78.64

92.99

Shiv Texchem Semi-Annual Data
	Mar22	Mar23	Mar24
Days Inventory	58.93	78.64	92.99

Competitive Comparison of Shiv Texchem's Days Inventory

For the Chemicals subindustry, Shiv Texchem'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.

Shiv Texchem's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Shiv Texchem's Days Inventory falls into.

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Shiv Texchem Days Inventory Calculation

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

Shiv Texchem'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
=	( (3156.742	+	3965.548)	/	2 )	/	13978.512	*	365
=	3561.145					/	13978.512	*	365
=	92.99

Shiv Texchem'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: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3156.742	+	3965.548)	/	2 )	/	13978.512	*	365 / 2
=	3561.145					/	13978.512	*	365 / 2
=	46.49

Shiv Texchem (BOM:544272) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13978.512	/	3561.145
	=	3.93

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3561.145	/	15349.041
	=	0.23

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.

Shiv Texchem Days Inventory Related Terms

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

Shiv Texchem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shiv Texchem Ltd (BOM:544272) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Hasmukh Nagar, 602, 6th Floor, Savoy Chamber, Santacruz West, Mumbai, MH, IND, 400 054

Website

https://shivtexchem.com

Shiv Texchem Ltd is engaged in importing and distributing hydrocarbon-based chemicals of the product family viz. Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates, which are critical raw materials and inputs and have applications across a wide spectrum of industries like paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals products, and specialty industrial chemicals.

Shiv Texchem Headlines

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