Arabian Petroleum (NSE:ARABIAN) Days Inventory : 45.12 (As of Mar. 2023)

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What is Arabian Petroleum Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Arabian Petroleum's Average Total Inventories for the six months ended in Mar. 2023 was ₹265 Mil. Arabian Petroleum's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹2,145 Mil. Hence, Arabian Petroleum's Days Inventory for the six months ended in Mar. 2023 was 22.56.

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

NSE:ARABIAN' s Days Inventory Range Over the Past 10 Years
Min: 37.93 Med: 45.12 Max: 47.34
Current: 45.12

During the past 5 years, Arabian Petroleum's highest Days Inventory was 47.34. The lowest was 37.93. And the median was 45.12.

NSE:ARABIAN's Days Inventory is ranked worse than
63.56% of 730 companies
in the Oil & Gas industry
Industry Median: 31.94 vs NSE:ARABIAN: 45.12

Arabian Petroleum's Days Inventory declined from Mar. 2021 (46.89) to Mar. 2023 (45.12).

Inventory Turnover measures how fast the company turns over its inventory within a year. Arabian Petroleum's Inventory Turnover for the six months ended in Mar. 2023 was 8.09.

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. Arabian Petroleum's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.11.

Arabian Petroleum Days Inventory Historical Data

The historical data trend for Arabian Petroleum'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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Arabian Petroleum Days Inventory Chart

Arabian Petroleum Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

37.93

40.58

46.89

47.34

45.12

Arabian Petroleum Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Mar23
Days Inventory	37.93	40.58	46.89	47.34	45.12

Competitive Comparison of Arabian Petroleum's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Arabian Petroleum'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.

Arabian Petroleum's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Arabian Petroleum's Days Inventory falls into.

Arabian Petroleum Days Inventory Calculation

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

Arabian Petroleum'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
=	( (272.902	+	257.436)	/	2 )	/	2145.164	*	365
=	265.169					/	2145.164	*	365
=	45.12

Arabian Petroleum's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (272.902	+	257.436)	/	2 )	/	2145.164	*	365 / 2
=	265.169					/	2145.164	*	365 / 2
=	22.56

Arabian Petroleum (NSE:ARABIAN) 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.

Arabian Petroleum's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2145.164	/	265.169
	=	8.09

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.

Arabian Petroleum's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	265.169	/	2428.367
	=	0.11

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.

Arabian Petroleum Days Inventory Related Terms

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

Arabian Petroleum (NSE:ARABIAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Petroleum Ltd (NSE:ARABIAN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 14-B, Morivali M.I.D.C, Opp. Positive Packaging, Ambernath West, Thane, MH, IND, 421505

Website

https://www.arabianpetroleum.co.in

Arabian Petroleum Ltd is a company engaged in the business of manufacturing wide range of Lubricants including Specialty Oils, Coolants etc ,used for Industrial and Automotive applications. Our business is categorized into two distinctive product division which includes Automotive Lubricants - Arzol and Industrial Lubricants - SPL.

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