Chaman Metallics (NSE:CMNL) Days Inventory : 42.09 (As of Mar. 2023)

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What is Chaman Metallics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chaman Metallics's Average Total Inventories for the six months ended in Mar. 2023 was ₹185 Mil. Chaman Metallics's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹802 Mil. Hence, Chaman Metallics's Days Inventory for the six months ended in Mar. 2023 was 42.09.

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

NSE:CMNL' s Days Inventory Range Over the Past 10 Years
Min: 29.39 Med: 38.89 Max: 107.72
Current: 29.39

During the past 5 years, Chaman Metallics's highest Days Inventory was 107.72. The lowest was 29.39. And the median was 38.89.

NSE:CMNL's Days Inventory is ranked better than
90.21% of 572 companies
in the Steel industry
Industry Median: 88.66 vs NSE:CMNL: 29.39

Chaman Metallics's Days Inventory increased from Mar. 2022 (0.00) to Mar. 2023 (42.09). It might indicate that Chaman Metallics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chaman Metallics's Inventory Turnover for the six months ended in Mar. 2023 was 4.34.

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. Chaman Metallics's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.16.

Chaman Metallics Days Inventory Historical Data

The historical data trend for Chaman Metallics'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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Chaman Metallics Days Inventory Chart

Chaman Metallics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

107.72

47.30

38.89

34.80

36.42

Chaman Metallics Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Mar24
Days Inventory	Get a 7-Day Free Trial			-	-	38.19	42.09	-

Competitive Comparison of Chaman Metallics's Days Inventory

For the Steel subindustry, Chaman Metallics'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.

Chaman Metallics's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chaman Metallics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chaman Metallics's Days Inventory falls into.

Chaman Metallics Days Inventory Calculation

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

Chaman Metallics'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
=	( (152.401	+	131.031)	/	2 )	/	1420.231	*	365
=	141.716					/	1420.231	*	365
=	36.42

Chaman Metallics'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: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (217.668	+	152.401)	/	2 )	/	802.292	*	365 / 2
=	185.0345					/	802.292	*	365 / 2
=	42.09

Chaman Metallics (NSE:CMNL) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	802.292	/	185.0345
	=	4.34

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	185.0345	/	1161.63
	=	0.16

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.

Chaman Metallics Days Inventory Related Terms

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

Chaman Metallics (NSE:CMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chaman Metallics Ltd (NSE:CMNL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Samta Colony, Agrawal Complex, Opp. Pandey Nursing Home, Raipur, CT, IND, 492001

Website

https://www.cmlgrgroup.com

Chaman Metallics Ltd is engaged in the business of selling Iron and Steel. The company is engaged in manufacturing and selling Direct Reduced Iron (i.e. sponge iron) which is used as a raw material for making steel in electric arc furnaces and induction furnaces.

Chaman Metallics (NSE:CMNL) Headlines

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