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Baheti Recycling Industries (NSE:BAHETI) Days Inventory : 48.60 (As of Mar. 2023)


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What is Baheti Recycling Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Baheti Recycling Industries's Average Total Inventories for the six months ended in Mar. 2023 was ₹425 Mil. Baheti Recycling Industries's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹3,190 Mil. Hence, Baheti Recycling Industries's Days Inventory for the six months ended in Mar. 2023 was 24.30.

The historical rank and industry rank for Baheti Recycling Industries's Days Inventory or its related term are showing as below:

NSE:BAHETI' s Days Inventory Range Over the Past 10 Years
Min: 44.55   Med: 53.35   Max: 61.68
Current: 48.6

During the past 4 years, Baheti Recycling Industries's highest Days Inventory was 61.68. The lowest was 44.55. And the median was 53.35.

NSE:BAHETI's Days Inventory is ranked better than
75.75% of 664 companies
in the Metals & Mining industry
Industry Median: 88.535 vs NSE:BAHETI: 48.60

Baheti Recycling Industries's Days Inventory declined from Mar. 2021 (61.68) to Mar. 2023 (48.60).

Inventory Turnover measures how fast the company turns over its inventory within a year. Baheti Recycling Industries's Inventory Turnover for the six months ended in Mar. 2023 was 7.51.

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. Baheti Recycling Industries's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.12.

Baheti Recycling Industries Days Inventory Historical Data

The historical data trend for Baheti Recycling Industries'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.

* Premium members only.

Baheti Recycling Industries Days Inventory Chart

Baheti Recycling Industries Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Days Inventory
58.09 61.68 44.55 48.60

Baheti Recycling Industries Semi-Annual Data
Mar20 Mar21 Mar22 Mar23
Days Inventory 58.09 61.68 44.55 48.60

Competitive Comparison of Baheti Recycling Industries's Days Inventory

For the Aluminum subindustry, Baheti Recycling Industries'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.

Baheti Recycling Industries's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Baheti Recycling Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Baheti Recycling Industries's Days Inventory falls into.


Baheti Recycling Industries Days Inventory Calculation

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

Baheti Recycling Industries'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
=( (308.474 + 541.031) / 2 ) / 3190.248*365
=424.7525 / 3190.248*365
=48.60

Baheti Recycling Industries'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
=( (308.474 + 541.031) / 2 ) / 3190.248*365 / 2
=424.7525 / 3190.248*365 / 2
=24.30

* 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.

Baheti Recycling Industries  (NSE:BAHETI) 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.

Baheti Recycling Industries's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=3190.248 / 424.7525
=7.51

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.

Baheti Recycling Industries's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=424.7525 / 3599.629
=0.12

* 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.

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.

Baheti Recycling Industries Days Inventory Related Terms

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

Baheti Recycling Industries (NSE:BAHETI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Baheti Recycling Industries Ltd (NSE:BAHETI) » Definitions » Days Inventory
Comparable Companies
BOM:526747 BOM:539045 BOM:500083 BOM:541152 BOM:531979 BOM:539121 BOM:512425 BOM:535279 BOM:513307 BOM:506003 SHSE:601600 NSE:HINDALCO OSL:NHY HKSE:01378 XKLS:8869 SZSE:000807 BUE:ALUA MIC:RUAL SHSE:600219 AA
Traded in Other Exchanges
N/A
Address
A-2/3, L.R. Apartments, Opposite Police Commissioner Office, Shahibaug, Ahmedabad, GJ, IND, 380 004
Website
https://www.bahetiindustries.com
Baheti Recycling Industries Ltd is an aluminium recycling company, primarily engaged in processing aluminium based metal scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar. The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc. Its products are being used in various industries, which include automobiles, construction, electrical transmission application, food packaging etc.

Baheti Recycling Industries (NSE:BAHETI) Headlines

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