Indus Gas (LSE:INDI) Days Inventory : 515.14 (As of Sep. 2023)

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What is Indus Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Indus Gas's Average Total Inventories for the six months ended in Sep. 2023 was £7.26 Mil. Indus Gas's Cost of Goods Sold for the six months ended in Sep. 2023 was £2.57 Mil. Hence, Indus Gas's Days Inventory for the six months ended in Sep. 2023 was 515.14.

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

LSE:INDI' s Days Inventory Range Over the Past 10 Years
Min: 149.81 Med: 465.33 Max: 1078.29
Current: 482.74

During the past 13 years, Indus Gas's highest Days Inventory was 1078.29. The lowest was 149.81. And the median was 465.33.

LSE:INDI's Days Inventory is ranked worse than
97.8% of 728 companies
in the Oil & Gas industry
Industry Median: 32.185 vs LSE:INDI: 482.74

Indus Gas's Days Inventory increased from Sep. 2022 (312.09) to Sep. 2023 (515.14). It might indicate that Indus Gas's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Indus Gas's Inventory Turnover for the six months ended in Sep. 2023 was 0.35.

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. Indus Gas's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.34.

Indus Gas Days Inventory Historical Data

The historical data trend for Indus Gas'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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Indus Gas Days Inventory Chart

Indus Gas Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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506.91

776.72

1,078.29

468.49

462.16

Indus Gas Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															375.19	483.13	312.09	501.16	515.14

Competitive Comparison of Indus Gas's Days Inventory

For the Oil & Gas E&P subindustry, Indus Gas'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.

Indus Gas's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Indus Gas's Days Inventory distribution charts can be found below:

* The bar in red indicates where Indus Gas's Days Inventory falls into.

Indus Gas Days Inventory Calculation

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

Indus Gas's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (7.18	+	8.184)	/	2 )	/	6.067	*	365
=	7.682					/	6.067	*	365
=	462.16

Indus Gas's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8.184	+	6.336)	/	2 )	/	2.572	*	365 / 2
=	7.26					/	2.572	*	365 / 2
=	515.14

Indus Gas (LSE:INDI) 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.

Indus Gas's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.572	/	7.26
	=	0.35

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.

Indus Gas's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.26	/	21.154
	=	0.34

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.

Indus Gas Days Inventory Related Terms

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

Indus Gas (LSE:INDI) Business Description

Industry

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Traded in Other Exchanges

INDI.GB:UK 59Q:Germany

Address

Tudor House, 1st Floor, Le Bordage, Saint Peter Port, GGY, GY1 1DB

Website

https://www.indusgas.com

Indus Gas Ltd is an oil and gas exploration and development company. It is mainly engaged in exploring, developing, producing, distributing, and marketing hydrocarbons including natural gas initially in India. The company holds an interest in on-shore Block RJ-ON/6 situated in Indus Basin. Its products include natural gas and by-product condensate. The Company considers that it operates in a single operating segment the production and sale of gas. Geographically, it derives a majority of its revenue from Asia.